Volvo Financial Services invests in financial education programs for young people through partnership with JA Worldwide
GREENSBORO, North Carolina, September 7, 2022 /PRNewswire/ — Volvo Financial Services (VFS) today announced that it is investing in teaching financial literacy skills to young people in nine countries through a global partnership with Junior Achievement Worldwide. The partnership will see VFS employee volunteers join JA educators to equip the next generation with the financial skills and knowledge to succeed and become self-sufficient in the future. Individual programs in the nine countries begin this month.
“Today’s youth are tomorrow’s leaders, and we want to do our part to ensure they have the skills to make smart financial decisions as they reach adulthood,” said the president of VFS. Marcio Pedroso. “We are proud to partner with JA to combine our financial savvy with their educational expertise and help impact the lives of children around the world.”
VFS employee volunteers will partner with JA educators in Brazil, France, India, Italy, Peru, South Africa, Spainthe UK and United States in the communities where VFS employees live and work. Together, they will teach young people a number of important financial skills, including setting personal financial goals, developing a savings plan, and how to budget effectively. Young participants will also have the opportunity to learn about careers in the transportation and equipment industries served by VFS.
This investment is fully in line with the Volvo Group’s overall sustainability ambitions, which include a commitment to the 17 United Nations Sustainable Development Goals (SDGs). Developing strong financial literacy skills will positively impact multiple SDGs, including helping eradicate poverty, supporting quality education, empowering women and girls, and more.
“We are grateful to partners like Volvo Financial Services who share our mission and take responsibility for ensuring that more young people have access to the quality learning experiences they need and deserve,” said Ashish Advani, CEO of JA Worldwide. “By providing young people with access to financial literacy training, we can help them navigate a financially healthy future.”
JA is a global leader in youth development, with a focus on financial literacy, workforce readiness and entrepreneurship. Reaching over 12 million young people each year, JA Worldwide offers hands-on, immersive learning on work readiness, financial health, entrepreneurship, sustainability, STEM, economics, citizenship, ethics and more Again.
Volvo Financial Services is the captive financial arm of the Volvo Group, providing financial services and solutions that meet the needs of our customers today and tomorrow. Dedicated to innovation, VFS supports society in its adoption of sustainable transport and equipment solutions. VFS is headquartered in Greensboro, North CarolinaUnited States, and serves Volvo Group customers and dealers in approximately 50 markets. For more information, please visit www.volvofinancialservices.com or follow us on LinkedIn.
The Volvo Group drives prosperity through transportation and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase uptime and the productivity of our customers. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs nearly 95,000 people and serves customers in more than 190 markets. In 2021, net sales amounted to 372 billion Swedish crowns (37 billion euros). Volvo shares are listed on Nasdaq Stockholm.
SOURCE Volvo Financial Services