In line with RMB's vision of being a great business helping to create a better world, we believe that to sustain wealth creation we must stimulate socio-economic growth in the communities in which we operate. Our Corporate Social Investment (CSI) and volunteer initiatives are linked closely to the work of the FirstRand Foundation.
At RMB Private Bank we also believe that good business and good work are not mutually exclusive. The RMB Fund, a member of the FirstRand Foundation, is Rand Merchant Bank's corporate social investment (CSI) vehicle, contributing at least 1% of net profit after tax towards selected projects within three development sectors. Since 2007, the RMB Fund has invested over R140 million in these focus areas.
Our approach in making social investments is based on partnership and collaboration with beneficiary organisations with the aim of achieving measurable and sustainable impact. A guiding principle is that we provide appropriate support within our means and limit ad hoc donations. Underpinning the work of the FirstRand Foundation and the RMB Fund is our Employee Volunteer Programme, which enables RMB Private Bank employees and other stakeholders to support the CSI projects with which we partner. Our volunteers take part in national initiatives and also commit to long-term involvement with community projects. We believe this to be the most effective way to give back and in that way enrich the communities we support.