ICAP Charity Day to transform lives in Madagascar with WaterAid

News

21 Nov 2013 | AU

Leading markets operator ICAP will help transform tens of thousands of lives in Madagascar with safe water and sanitation by supporting international charity WaterAid as its first ever global beneficiary for its Charity Day.

On 4 December in Australia (3 December elsewhere), all revenues and commissions ICAP earns across its global offices are given away to a select group of charities.

Celebrities and other special high-profile guests attend each year to take part in this unique fundraising effort, taking to the phones to help seal the deals.

Now in its 20th year, ICAP is launching an international initiative where each office around the world will contribute a percentage of money raised on Charity Day to a single beneficiary, making a truly meaningful difference with a substantial donation.

Employees selected WaterAid as their first global beneficiary, meaning the charity is likely to receive the single biggest donation from ICAP to date.

Money raised during the day will go to support Founding their Future, a major initiative the water and sanitation charity is running in Madagascar, where over half the population does not have safe water and 89% have nowhere safe to go to the toilet.

WaterAid Australia Chief Executive Adam Laidlaw, said: “WaterAid is delighted that ICAP will be supporting our life-saving work in Madagascar through its amazing fundraising efforts on Charity Day.

“Madagascar is one of the poorest countries in the world and every year, diarrhoea caused by unsafe water and poor sanitation claims the lives of more than 4,000 children. The money raised by ICAP will help bring clean water and toilets to tens of thousands of people, transforming lives and helping prevent unnecessary child deaths.”

ICAP is a leading markets operator and provider of post trade risk mitigation and information services. Over the past 20 years, it has changed the lives of hundreds of thousands of people through its unique fundraising event, which has now raised more than $170 million for charity.

For more information, please contact Kirrily Johns, WaterAid Australia Communications Manager: +61 (0)3 9001 8246 or Kirrily.johns@wateraid.org.au

About ICAP
ICAP is a leading markets operator and provider of post trade risk mitigation and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through its post trade risk mitigation and information services ICAP helps customers manage and mitigate risks in their portfolios. For more information, go to www.icap.com.

2013 Global Beneficiary - WaterAid
This year, for the first time ever, ICAP are delivering an international initiative where each ICAP office around the world will contribute a percentage of money raised on Charity Day to a single beneficiary. The aim is to make a truly meaningful difference with a substantial donation.

WaterAid has been chosen as the ICAP Charity Day 2013 Global Beneficiary and having polled ICAP employees, ICAP is supporting Founding their Future, a major WaterAid initiative in Madagascar.

WaterAid enables the world’s poorest people to gain sustainable access to safe water – the one thing that changes everything. Together with sanitation and improved hygiene, safe water underpins health, education and livelihoods, forming the first essential step in overcoming poverty.

WaterAid works in 27 countries across Africa, Asia, the Pacific region and Central America, and to date has helped over 19 million people.

Madagascar – Founding their Future
Madagascar is one of the poorest counties in the world – ranked 151 out of 187 on the UN’s Human Development Index. 90% of Madagascar’s 22 million people live on less than two dollars a day, and the population is growing faster than the economy.

Over half of Madagascans – 11.1 million people – do not have safe water. More than three quarters – 17.5 million people – have nowhere safe and clean to go to the toilet. As a result, diarrhoea caused by dirty water and poor sanitation is the second biggest child killer in Madagascar.

Simply put, this support will bring safe water and sanitation to the rural population of Madagascar.

WaterAid works closely with Madagascar’s government and is currently present in five regions that have an average of 53% of people with no access to water and 47% with no access to sanitation. By supporting WaterAid’s country-wide programs, ICAP will enable development to continue, building a blue-print for projects to be rolled out across rural areas in Madagascar, and a sustainable infrastructure that will change lives.