Group makes AFR’s list of Australia’s top philanthropic corporates
20th December, 2019
The Cotton On Group has been recognised as Australia’s 22nd highest giving corporate for 2019, published by The Australian Financial Review (AFR) in BOSS magazine this month.
The list, which is published yearly by The AFR features mining giant Rio Tinto, supermarket chain Coles, biotechnology company CSL and Commonwealth Bank just to name a few.
The Cotton On Group is the highest ranking private contributor in the country, made possible by the work of the Group’s philanthropic arm, Cotton On Foundation.
The Cotton On Foundation exists to empower youth globally through the delivery of quality education projects across Uganda, South Africa, Thailand and in Australia and has invested over AUD $13.3M into international development and indigenous education in 2019.
Through a unique partnership with customers and team members, the Cotton On Foundation markets products such as tote bags and bottles of water in over 1,500 Cotton On Group stores, where 100% of the proceeds contribute towards empowering youth through quality education.
According to the Deloitte Global Millennial Survey 2019, 32 per cent of millennials believe companies should be trying to improve society – by improving education or reducing inequality, for example – but only 16 per cent believe companies are actually achieving that.
Cotton On Foundation General Manager Tim Diamond said,
“As a business, we’re pretty proud to be making a real difference. Improving access to quality education across the globe is what we’re passionate about, and it’s thanks to our incredible customers and team members in Cotton On Group stores that make raising the necessary funds each year possible.”