Cognizant announces $250 million global CSR initiative

Cognizant announces $250 million global CSR initiative

Cognizant, a professional services company based in Teaneck, New Jersey, has announced a five-year, $250 million global initiative in support of efforts to advance economic mobility, educational opportunity, health and well-being, and diversity and inclusion.

Through the initiative, which includes philanthropic funding, volunteer programs, in-kind contributions, and the provision of business expertise aimed at providing students and workers with the skills they need to succeed in the digital economy, the company will work with its partners to advance a future in which all communities have the resources, opportunities, and infrastructure they need to thrive; improve the health and well-being of individuals and families; and advance diversity, equity, and inclusion, with a focus on underrepresented and underserved groups.

To that end, Cognizant, the Cognizant Foundation in Chennai, India, and the Cognizant U.S. Foundation in Washington, D.C., will ramp up their grantmaking in countries where the company is expanding operations, including Australia, Canada, Germany, and the United Kingdom; launch new programs in support of African-American, Latinx, LGBTQ, and Asian communities, as well as women and veterans; and deploy additional COVID-19 relief funds on top of the  $10 million commitment the company announced in April.

"As a global company, we care deeply about unlocking human potential," said Cognizant CEO Brian Humphries. "We are determined to live our purpose of improving everyday life and apply our technology and business expertise to help tackle global problems. This $250 million initiative aims to create conditions for people to thrive by expanding access to education, health care, and technology, and by advancing diversity and inclusion in communities around the world."

(Photo credit: GettyImages)

"Cognizant commits $250 million to global corporate social responsibility initiatives." Cognizant press release 02/25/2021.