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Volvo Financial Services, JA Worldwide Equip 10,000 Students with Financial Literacy Knowledge

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Volvo Financial Services (VFS) and JA Worldwide have reached over 10,000 students with financial literacy curriculum in 2024, bringing their total impact to 24,000 students since last year. The program, supported by 180 VFS employee volunteers, focuses on skills like entrepreneurial thinking, budgeting, and career development. VFS has expanded the initiative to 12 markets, including new additions Canada, Romania, and Sweden.

The partnership aligns with Volvo Group's sustainability goals and the UN's Sustainable Development Goals. Programs are tailored to local needs, such as 'JA It's My Future' in the U.S. and the JA Company Program in Italy. VFS President Marcio Pedroso emphasized the program's potential to change students' futures through improved financial literacy.

Volvo Financial Services (VFS) e JA Worldwide hanno raggiunto oltre 10.000 studenti con un curriculum di alfabetizzazione finanziaria nel 2024, portando il loro impatto totale a 24.000 studenti dall'anno scorso. Il programma, supportato da 180 volontari dipendenti VFS, si concentra su abilità come il pensiero imprenditoriale, il budgeting e lo sviluppo professionale. VFS ha esteso l'iniziativa a 12 mercati, comprese le nuove aggiunte di Canada, Romania e Svezia.

La partnership è in linea con gli obiettivi di sostenibilità del gruppo Volvo e degli Obiettivi di Sviluppo Sostenibile dell'ONU. I programmi sono personalizzati in base alle esigenze locali, come 'JA It's My Future' negli Stati Uniti e il Programma JA Company in Italia. Il presidente di VFS Marcio Pedroso ha sottolineato il potenziale del programma di cambiare il futuro degli studenti attraverso un miglioramento dell'alfabetizzazione finanziaria.

Volvo Financial Services (VFS) y JA Worldwide han alcanzado a más de 10.000 estudiantes con un currículo de alfabetización financiera en 2024, llevando su impacto total a 24.000 estudiantes desde el año pasado. El programa, apoyado por 180 voluntarios empleados de VFS, se centra en habilidades como el pensamiento emprendedor, la elaboración de presupuestos y el desarrollo profesional. VFS ha expandido la iniciativa a 12 mercados, incluyendo nuevas adiciones como Canadá, Rumanía y Suecia.

La asociación se alinea con los objetivos de sostenibilidad del grupo Volvo y los Objetivos de Desarrollo Sostenible de la ONU. Los programas se adaptan a las necesidades locales, como 'JA It's My Future' en los EE. UU. y el Programa JA Company en Italia. El presidente de VFS, Marcio Pedroso, enfatizó el potencial del programa para cambiar el futuro de los estudiantes a través de una mejor alfabetización financiera.

볼보 금융 서비스(VFS)와 JA 세계가 2024년 재무 교육 커리큘럼으로 10,000명 이상의 학생에게 다가섰으며, 작년 이후 총 영향을 24,000명 학생으로 확대하게 되었습니다. 180명의 VFS 직원 자원봉사자의 지원으로 이 프로그램은 기업가적 사고, 예산 수립 및 경력 개발과 같은 기술에 중점을 두고 있습니다. VFS는 캐나다, 루마니아, 스웨덴 등 12개 시장으로 이니셔티브를 확대했습니다.

이 파트너십은 Volvo 그룹의 지속 가능성 목표 및 UN의 지속 가능한 개발 목표와 일치합니다. 프로그램은 미국의 ‘JA It's My Future’ 및 이탈리아의 JA Company 프로그램 등 지역적 요구에 맞춰 조정됩니다. VFS의 마르시우 페드로소 회장은 향상된 재무 교육을 통해 학생들의 미래를 바꿀 수 있는 프로그램의 잠재력을 강조했습니다.

Volvo Financial Services (VFS) et JA Worldwide ont touché plus de 10 000 étudiants avec un programme d'éducation financière en 2024, portant leur impact total à 24 000 étudiants depuis l'année dernière. Le programme, soutenu par 180 employés bénévoles de VFS, se concentre sur des compétences telles que la pensée entrepreneuriale, la budgétisation et le développement de carrière. VFS a étendu l'initiative à 12 marchés, y compris de nouvelles additions comme le Canada, la Roumanie et la Suède.

Le partenariat s'aligne sur les objectifs de durabilité du groupe Volvo et sur les Objectifs de Développement Durable de l'ONU. Les programmes sont adaptés aux besoins locaux, comme 'JA It's My Future' aux États-Unis et le Programme JA Company en Italie. Le président de VFS, Marcio Pedroso, a souligné le potentiel du programme pour changer l'avenir des étudiants grâce à une meilleure éducation financière.

Volvo Financial Services (VFS) und JA Worldwide haben im Jahr 2024 über 10.000 Schüler mit einem Finanzbildungsprogramm erreicht, was ihre Gesamteinwirkung auf 24.000 Schüler seit letztem Jahr bringt. Das Programm, unterstützt von 180 VFS-Mitarbeiterinnen und -mitarbeitern, konzentriert sich auf Fähigkeiten wie unternehmerisches Denken, Budgetierung und Karriereentwicklung. VFS hat die Initiative auf 12 Märkte ausgeweitet, darunter die neuen Märkte Kanada, Rumänien und Schweden.

Die Partnerschaft steht im Einklang mit den Nachhaltigkeitszielen von Volvo Group und den Zielen für nachhaltige Entwicklung der UN. Die Programme werden an lokale Bedürfnisse angepasst, wie 'JA It's My Future' in den USA und das JA Company Programm in Italien. Der Präsident von VFS, Marcio Pedroso, betonte das Potenzial des Programms, die Zukunft der Schüler durch verbesserte Finanzkompetenz zu verändern.

Positive
  • Reached over 10,000 students with financial literacy curriculum in 2024
  • Expanded program to 3 new markets (Canada, Romania, Sweden), now operating in 12 countries
  • Aligns with Volvo Group's sustainability goals and UN Sustainable Development Goals
  • Engaged 180 VFS employee volunteers in the program
Negative
  • None.

GOTHENBURG, Sweden, Sept. 12, 2024 /PRNewswire/ -- Halfway through 2024, Volvo Financial Services (VFS) and JA (Junior Achievement) Worldwide have reached more than 10,000 students with financial literacy curriculum, thanks to the efforts of more than 180 VFS employee volunteers and support from dozens more JA educators. Combined with the 14,000 plus youth reached last year, VFS and JA have now equipped more than 24,000 students with skills such as entrepreneurial thinking, budgeting, financial goal setting, career development and more, positioning them for future success personally and professionally.

"We are on track to reach even more students this year, thanks to the incredible efforts of our employee volunteers and the tremendous support of our partners at JA," said VFS President Marcio Pedroso. "Beyond just the numbers, we know that we are providing these young people with tangible skills to boost their financial literacy and help change the course of their futures."

The financial literacy programs shared with students are tailored to meet specific needs in each market. In the U.S., JA and VFS led the 'JA It's My Future' program, which helps students prepare for the working world by teaching job-hunting and personal-branding skills needed to earn a job. At the conclusion of the program, students learned how to research careers, create a basic resume and understand how to participate in a job interview.

VFS Italy continued its work with the JA Company Program, a multi-step exercise that helps students develop, create and manage their own business venture to address a need in their communities. VFS employee volunteers mentor the students to get their startups running and provide real-world lessons to help them sustain success. In 2024, employee volunteers from VFS Italy helped students work through the final competition.

"While teaching the programs with JA is impactful on its own, the additional aspect of mentoring students by sharing personal stories and experiences with students is what makes a difference," said Daniel Mello, senior vice president, marketing, communications and sustainability, VFS. "Making these personal connections helps bring the programs' messages to life and provides lifelong lessons that will be helpful outside the classroom."

Three new VFS markets were added to the program in 2024, with Canada, Romania and Sweden joining Brazil, France, India, Italy, Peru, South Africa, Spain, the United Kingdom and the United States. All 12 markets will continue their JA activities throughout 2024, with several ramping up to make a big push as schools return to session in the second half of the year.

VFS' partnership with JA is fully aligned with the Volvo Group's ambitions for sustainability, which include a commitment to each of the United Nations Sustainable Development Goals (SDGs). Financial literacy education and programming will make a positive impact on several SDGs, including supporting quality education, empowering women and girls, helping end poverty and more.

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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SOURCE Volvo Financial Services

FAQ

How many students has Volvo Financial Services (VLVLY) reached with its financial literacy program in 2024?

Volvo Financial Services has reached over 10,000 students with its financial literacy program in 2024.

What is the total number of students impacted by VFS and JA Worldwide's financial literacy program since last year?

VFS and JA Worldwide have impacted more than 24,000 students with their financial literacy program since last year.

Which new markets did Volvo Financial Services (VLVLY) add to its financial literacy program in 2024?

Volvo Financial Services added Canada, Romania, and Sweden to its financial literacy program in 2024.

How many VFS employee volunteers are involved in the financial literacy program?

More than 180 VFS employee volunteers are involved in the financial literacy program.

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