Partnership exceeds goals
In February 2023, ANZ and Fiji Rugby Union (FRU) formalised a new MoneyMinded partnership to help players, FRU staff and members improve their money skills, knowledge and confidence.
MoneyMinded is ANZ’s flagship financial education program, supporting adults with financial literacy and those on lower incomes to build their financial skills, knowledge and confidence. The program is delivered in Australia, New Zealand and across the Asia Pacific region by community partners and ANZ employees. An estimated 843,600 people have participated in MoneyMinded, including MoneyBusiness, since 2002.
ANZ has been supporting rugby players at all levels with MoneyMinded training over many years and formalising this arrangement was the logical next step. More than 20,000 people in Fiji have already taken part in MoneyMinded training.
Fiji Rugby Union, Acting Chief Executive, Tevita Tuiloa, said: “We’re pleased to strengthen our Vuvale partnership by locking in financial literacy training for our players, our staff and members, helping us to create a better financial future for our Fiji Rugby Vuvale.”
In 2019 an independent report by Melbourne’s RMIT University into the impact of MoneyMinded in Fiji found the program significantly strengthened participants’ financial literacy.
ANZ has a target to establish seven new MoneyMinded partnerships by the end of 2023, to expand the reach and improve the impact of the program. The partnership with the Fiji Rugby Union is one of nine partnerships established since October 2020 as part of this target, exceeding the objective ahead of schedule.
A snapshot of ANZ’s ESG targets can be found in the 2023 half-year results investor discussion pack.