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Cognizant Has Awarded $70 Million to Advance Globally Diverse Communities
In support of its Synapse initiative, Cognizant’s philanthropic funding reaffirms its long commitment to training individuals for the jobs of the future
TEANECK, N.J., April 11, 2024 /PRNewswire/ — Cognizant (Nasdaq: CTSH), a leading global technology company, has awarded $70 million in philanthropic funds through 117 grants to 77 organizations globally since 2018. This milestone builds on Cognizant’s long history investing philanthropic dollars into global skilling programs and building partnerships that drive economic mobility for under-represented communities. More recently, Cognizant’s corporate giving effort has been embedded as a key part of the company’s Synapse initiative to train one million individuals for the jobs of the future by the end of 2026.
Cognizant has a deep history of investing in training and educating the global workforce, as well as uplifting underrepresented communities and marginalized groups through pathways to success. As a key part of Cognizant’s recently launched Synapse initiative, philanthropic dollars, community partnerships and volunteerism will aim to help 300,000 individuals make successful career transitions into technology and future forward AI jobs.
Commenting on these initiatives, Tobi Young, Senior Vice President and Chief Corporate Affairs Officer at Cognizant, said, “Cognizant launched Synapse as part of our commitment to skilling and preparing the workforce for AI and the digital economy. We are proud to invest with our nonprofit and community education partnerships to equip individuals with new technology skills, to sustain communities as the digital economy grows, and to improve economic opportunities for all.”
Cognizant focuses its skilling investments on organizations that 1) provide early access to learning and networking; 2) create pathways for individuals entering or advancing their careers in tech, and 3) inspire new ideas that push the technology industry forward in support of skilling. Taken together, these organizations have been instrumental in inspiring, educating, and preparing communities and individuals of all ages to succeed in today’s rapidly evolving workforce. In 2023 alone, a sampling of Cognizant’s global corporate giving includes:
1. Organizations that provide early access to learning and networking, such as:
- Girlstart
- Supporting year-round STEM education for girls. In 2024, Girlstart aims to reach 1,800+ 4th and 5th grade girls through 88 After School programs in Texas, California and Massachusetts as well as 900+ girls in grades 4-8 through 36 thematic, STEM-intensive summer camps.
- Raspberry Pi Foundation
- Supporting the Code Club and CoderDojo programs in the UK, offering free and accessible opportunities for young people to learn how to code and create with digital technology. These clubs are delivered locally by educators and volunteers in community venues such as schools and libraries, and 17,000 students are expected to directly benefit from this investment.
- Year Up
- Supporting Year Up’s direct service and innovative workforce development programs across the country in regions like Atlanta, Austin, Bay Area, Charlotte, Chicago, Dallas, Denver, New York, Phoenix and more. Funding helps enable Year Up to continue implementing their job training programs, explore new program models, and improve internal organizational operations to better serve 4,000+ young adults in 2024.
2. Organizations that create pathways for individuals entering and advancing their careers in tech, such as:
- Blind Institute of Technology
- Supporting the Blind Institute of Technology’s Academy, which delivers industry-relevant technical skills training and credentialling to disabled job seekers who want to increase their wage potential and find meaningful work.
- Code Platoon
- Supporting Code Platoon’s Full-stack software engineering and DevOps cloud engineering training programs in 2024. Since 2016, CodePlatoon has graduated over 500 veterans and military spouses, 74% of whom have found a job within 6 months of graduation.
- ReDI School of Digital Integration
- Supporting the ReDI School of Digital Integration in Germany as it empowers individuals who might otherwise be excluded from the tech landscape. This will contribute to the creation of a diverse, skilled, and interconnected global community. Funding from Cognizant supports the Digital Career Program, which offers high-tech courses for students who want to develop a career in the tech industry, and The Digital Women Program, which works to empower women in tech.
- ICT Academy
- Cognizant Foundation India, under its flagship “Tech4All” initiative has partnered with ICT Academy, Tamil Nadu to train 5,000 underprivileged women graduates with advanced tech skilling by establishing a Centre of Excellence for Women Empowerment in 71 colleges across the Indian states of Karnataka, Kerala, Tamil Nadu, and Telangana. The objective of the project is to empower women graduates with essential industry 4.0 skills and ensure their preparedness for the dynamic job market.
3. Organizations that inspire new ideas that push the technology industry forward in support of skilling, such as:
- National Governors Association Center for Best Practices, Workforce Innovation Network
- National Governors Association Center for Best Practices (NGA Center), Workforce Innovation Network: Supporting Phase III of the NGA Center’s Workforce Innovation Network to elevate public and private sector leaders who are advancing innovative workforce solutions that prepare workers for the jobs of tomorrow. The gift supports convenings of governors’ advisors and state policy makers, as well as thought leadership to advance the field and assistance states aiming to implement best practices.
- Work Shift, AI & Economic Opportunity Reporting Initiative
- Supporting in-depth reporting on the ways that artificial intelligence is reshaping education and work—with a particular focus on whether its use is exacerbating inequalities or opening new doors to economic advancement. The project will zero in on 1) AI’s specific role in building (or hindering) better connections between postsecondary education and work, 2) the potential impacts on economic advancement for people in the bottom half of the income strata, and 3) concrete examples of how AI’s use is already impacting postsecondary education and work.
Cognizant’s Synapse initiative is aimed at preparing and equipping individuals from diverse backgrounds, worldwide, who have lacked access to technology skills to participate and thrive as more jobs become dependent on technology knowhow. Cognizant believes that a key ingredient in sustainability is investing in training and upskilling so that individuals are empowered with the technology skills to maintain their livelihoods and communities. For more information on Synapse, visit here.
About Cognizant
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we’re improving everyday life. See how at www.cognizant.com or @cognizant.
For more information, contact: |
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U.S. Name Gabrielle Gugliocciello Email [email protected] |
Europe / APAC Name Christina Schneider Email [email protected] |
India Name Rashmi Vasisht Email [email protected] |
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Premia Partners announced fee reduction for Premia Vietnam ETF and change of underlying index
HONG KONG, May 2, 2024 /PRNewswire/ — Premia Partners, a leading ETF provider from Hong Kong, announces today fee reduction of its Premia Vietnam ETF (the ETF) and change of the underlying index to S&P Vietnam Core Index (USD) NTR (the index) with immediate effect.
Total expense ratio of the ETF would be lowered from 0.75% to 0.70% per annum, reflecting Premia’s commitment to offering competitive pricing and enhancing value for investors. The physically replicated ETF offers cost-efficient and convenient access to the fast-growing Vietnam equity markets, and the new index was introduced to enhance the asset allocation and risk diversification of the ETF and better reflect opportunities from continued growth and development of the Vietnam stock markets.
– Broad market coverage: Premia Vietnam ETF (Tickers: 2804 HKD / 9804 USD) offers broad all-cap coverage for Vietnam. The index it tracks intends to cover 90% of float-adjusted market capitalization of the S&P Vietnam BMI, representing the largest and most liquid Vietnamese stocks listed on the Ho Chi Minh and Hanoi Stock Exchanges.
– Reflect continued development of the Vietnam stock markets: rather than restricting coverage to a fixed number of constituents, the index tracked by the ETF is not set to a predefined number of constituents and continues to expand coverage as the markets grow and evolve.
– 15% Single stock cap: for better diversification and risk management, the new index provides a single constituent weight cap of 15% to ensure low concentration risk.
“Providing thoughtful, institutional grade access tools for Asia is always close to our hearts at Premia. For us it is not just about launching new products, but also constantly updating features of our existing ETFs to enhance value propositions for investors.” said Rebecca Chua, Managing Partner of Premia Partners. “The fee reduction and index change of our Vietnam ETF would be timely enhancements for investors looking for cost efficient, diversified allocation tool to capture growth opportunities in the rapidly developing Vietnam equity markets.”
“S&P Dow Jones Indices is excited to license the S&P Vietnam Core Index to Premia Partners for its ETF,” said John Welling, Senior Director and Head of Global Equity Indices at S&P Dow Jones Indices. “The index is designed to provide an objective and transparent underlying view into the fast-growing Vietnamese market and economy. By measuring the performance of the largest and most liquid Vietnamese stocks, the index offers market participants a comprehensive data set to gauge Vietnam equity markets.”
About Premia Partners
Founded in 2016, Premia Partners is one of the leading ETF managers from Hong Kong, dedicated to building low-cost, efficient, best practice ETFs for Asia. As of May 2nd 2024, Premia Partners manages 9 ETFs in Hong Kong. For more information on Premia or Premia ETFs covering China, Emerging ASEAN, Asia Metaverse/ Innovative Technology, Vietnam, China high yield bonds, China government bonds and US Treasury, please visit www.premia-partners.com
View original content:https://www.prnewswire.co.uk/news-releases/premia-partners-announced-fee-reduction-for-premia-vietnam-etf-and-change-of-underlying-index-302131161.html
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