Alternative investment management business the Man Group has pledged to give $1m via its charitable trust to help relief efforts in Japan following the earthquake and tsunami a week ago.
The company will focus this charitable donation on children affected by the crisis. It will give $900,000 (£562,000) to Save the Children’s Japan Emergency Appeal and $100,000 to local children’s charities. Save the children has operated in Japan for 25 years.
Peter Clarke, Chief Executive of Man Group plc, said: “Our long established and close relationship with Japan means that we are naturally very anxious to play our part in joining with local and international efforts to alleviate the huge suffering that has been caused”.
Man has supported Save the Children in the past, having donated nearly £17,000 between 2003 and 2005 toward the City Appeal and Tsunami Relief efforts. Man also donated over £180,000 between 1984 and 2006 to general funds, tsunami relief efforts and the Indonesia earthquake in 2006.
It is a member of the Dow Jones Sustainability World Index and the FTSE4Good Index.
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