GREENSBORO, N.C., March 28, 2024 /PRNewswire/ -- Volvo Financial
Services (VFS) today announced a continuation of its partnership
with JA (Junior Achievement) Worldwide through 2025, bringing
financial literacy skills and knowledge to even more youth around
the world. In addition, VFS and JA are expanding their geographic
reach with the addition of programs in Romania and Sweden. These new programs will be in addition
to efforts already underway in Brazil, France, India, Italy,
Peru, South Africa, Spain, the United
Kingdom and the United
States.
"As significant change reshapes our world, understanding basic
financial principles becomes an even more important cornerstone for
future success," said Marcio
Pedroso, president, VFS. "Teaching these skills to youth
also helps secure a more equitable and sustainable society, which
is why we are so proud to continue our partnership with JA and
expand our reach together."
VFS and JA established their partnership in 2022, with VFS
employee volunteers and JA educators working together to bring
financial literacy skills to youth through JA's proven curriculum.
Participating youth will also have a chance to learn about
finance-related careers from VFS volunteers. In the first year of
the partnership, about 140 VFS employee volunteers partnered with
JA educators to reach more than 14,000 youth around the world.
"One of the central ways that young people build self-efficacy
is through role models who share their own financially healthy
journeys," said Asheesh Advani,
president & CEO, JA Worldwide.
"Renewing and expanding our partnership with VFS will enable even
more Volvo volunteers to serve as financial mentors and role models
to JA students. Without corporate partners like VFS enabling their
employees to serve as volunteers, this key component of financial
education wouldn't be possible."
Broadening its partnership with JA demonstrates VFS' commitment
to make a positive impact on society and is fully aligned with the
Volvo Group's commitment to all 17 of the United Nations
Sustainable Development Goals (SDGs). Strong financial literacy
skills makes a positive impact on several SDGs, including helping
empowering women and girls and supporting quality education.
JA Worldwide delivers hands on, immersive learning in
entrepreneurship, work readiness, and financial health. Delivering
more than 17 million student experiences each year in over 100
countries, JA is one of few organizations with the scale,
experience, and passion to build a brighter future for the next
generation of innovators, entrepreneurs, and leaders.
Volvo Financial Services is the captive finance arm of the
Volvo Group, providing financial services and solutions that meet
the needs of our customers today and into the future. Dedicated to
innovation, VFS is supporting society in its adoption of
sustainable transport and equipment solutions. VFS is headquartered
in Gothenburg, Sweden, and serves
Volvo Group customers and dealers in about 50 markets. For
more information, please visit
www.volvofinancialservices.com or follow us on
LinkedIn.
The Volvo Group drives prosperity through transport and
infrastructure solutions, offering trucks, buses, construction
equipment, power solutions for marine and industrial applications,
financing and services that increase our customers' uptime and
productivity. 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 more
than 100,000 people and serves customers in almost 190 markets. In
2023, net sales amounted to SEK 553
billion (EUR 48 billion).
Volvo shares are listed on Nasdaq Stockholm.
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