Purpose beyond profit – Teneo unveils mission to improve the lives of 1 million children across the world
Theale UK, and Ashburn, VA, USA, 10 Oct 2022 – Teneo, the IT services company, has today unveiled its core purpose to improve the lives of 1 million children worldwide. Pledging to donate 1% of revenue to charitable initiatives, particularly focused on education projects in underserved communities, the company’s ambitious goal is embedded in its repositioning to a purpose-driven organization.
Piers Carey, Teneo’s CEO, said: “Our business growth is spurred on by a passion for making a difference in the world. We know that the bigger we are, the more we can give back. And, as a fast-growing organization, we have the unique opportunity to be a force for good.”
To create the funding to achieve its purpose, Teneo’s long-term vision is to become a trusted technology partner to 500 of the world’s largest companies. The commitment to donate 1% of total company revenue will take three years to fully realize, with a staged approach initially introduced.
The announcement marks the most recent and significant step in Teneo’s 11-year philanthropic history. Since 2011, the company has been involved in several important projects in partnership with key charitable foundations, such as SEED Madagascar, ActionAid and Jhpiego, amongst many others. This includes significant financial donations to support the build and refurbishment of schools in Ghana, Uganda, Ethiopia, Sierra Leone and Madagascar, as well as countless other projects both large and small.
Just this week, Teneo has committed to fund almost 40% of the total cost of a 12-month project spearheaded by SEED Madagascar. Aiming to improve the quality of health and education in the small rural village of Sarisambo, Madagascar, the project will deliver repairs to an existing school building and the construction of seven classrooms, rainwater harvesting systems, latrines, menstrual hygiene management facilities, and teachers’ housing.
This is just the latest in several major SEED Madagascar-led projects that Teneo has supported. In 2012 Teneo funded the repair and refurbishment of a school building, and between 2018 and 2020, it financed the construction of three new school buildings, with four Teneo employees traveling to Madagascar to contribute to the construction work.
Mark Jacobs, Managing Director, SEED Madagascar, said: “Over the past 10 years Teneo and their staff have become essential partners in SEED Madagascar’s commitment to Education for all in the south of Madagascar. With their substantial financial support and hands-on help, seven isolated, rural communities and 4,000 children have access to a school with clean drinking water and toilets. With their generosity and sound values, Teneo embody the Malagasy proverb ‘Ny fianarana no lova tsara indrindra’ or that Education is the best legacy”.
Piers concluded: “While our goal to improve the lives of 1 million children across the world is audacious and will take many years to realize, we are firmly on the path. We couldn’t do it without the support of our customers, who, in working with Teneo, will help us achieve our purpose.”
For more information about Teneo’s purpose and the many charitable initiatives it is involved with, visit www.teneo.net/ourpurpose.
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