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Starbucks Renews 8-year Partnership With China Soong Ching Ling Foundation With New Community Investment Designed To Foster Young Leaders In China. (Photo: Business Wire)

Stocks in this article: SBUX

Howard Schultz, chairman, president and chief executive officer of Starbucks Coffee Company (NASDAQ: SBUX) today reaffirmed Starbucks commitment to leverage the company’s unique combination of passionate partners (employees) and store footprint to deliver long-term growth through the lens of humanity. Speaking at Beijing’s iconic Great Hall of the People, founder of the Starbucks Foundation, Howard Schultz, announced a total of US$3 million investment in China by the Starbucks Foundation spanning three years, including US$1.5 million to the China Soong Ching Ling Foundation (CSCLF), following his meeting with Mr. Hu Qili, Chairman, China Soong Ching Ling Foundation. The commitment, administered by Give2Asia, a social enterprise dedicated to building a civil society across Asia, furthers the eight-year partnership with CSCLF, designed to unleash lifelong educational and leadership opportunities for young people in China.

Starbucks China hosted the first Partner Family Forum in Guangzhou where more than 1,200 partners an ...

Starbucks China hosted the first Partner Family Forum in Guangzhou where more than 1,200 partners and their family members attended the inspiring event which celebrated love, humanity and opportunity for partners (employees) in China. (Photo: Business Wire)

“As Starbucks China has grown to now more than 1,200 stores in over 68 cities, and 20,000 partners, so too has our foundational aspiration to build a different kind of company in China; one committed to performance that is driven through the lens of humanity and locally relevant innovation,” said Schultz. “Today, we are proud to honor and renew the Starbucks Foundation’s ongoing partnership with the China Soong Ching Ling Foundation to enrich the lives of Chinese youth and be a positive force in building their future success.”

With the investment of US$1.5 million from the Starbucks Foundation, through Give2Asia, the CSCLF will convene leading experts in the areas of youth development, training, academics and business to establish a unique curriculum that combines business acumen, collaborative communications and social consciousness focused on developing future leaders in China. Through the “Youth Leadership Development Program,” students will build their skills and also have mentorship opportunities with Starbucks senior leaders. After participating in the program, students can choose to apply for training courses under the Starbucks China University or corporate internship opportunities with Starbucks in China. The program will reach 1,500 university students across China, from both urban and rural areas and those with disadvantaged backgrounds, over the three years.

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