We Are PROVEN


2023 Annual Report

Address7 Haining Rd,
Kingston Jamaica

Contact Us876-946-4091
info@weareproven.com

About PROVENOur Impact

At PROVEN, we believe that our success is intrinsically tied to our commitment to Corporate Social Responsibility (CSR). We recognize that our operations impact not only our clients and shareholders but also the communities and the environment in which we operate.

Community Development, Education, & Entrepreneurship

It is our responsibility to contribute to the Caribbean’s economic growth in any way possible.

Maintaining social responsibility as an organization is no simple task . The enormity of the responsibility is that much more palpable in the aftermath of severe global events like the pandemic . While the world continues to steadily work on establishing and embracing the ‘new normal’, there remain many unknowns and a sense of apprehension about what may be next . However, at PROVEN Group, we contend with the various needs across our communities all to support growth and to persevere . We are building strong financial foundations with integrity . We are strengthening community ties through teamwork . We are sustaining success with our performance . We are helping when needed most with respect . We are committed to driving meaningful change through our Corporate Social Responsibility (CSR) commitments because We.Are.PROVEN .

We spent

USD$264,542

on our CSR portfolio. A 107% increase year over year..

Key areas of FOCUS

For the financial period ending March 31, 2023, our three core areas within the CSR framework remains – Community Development, Education, and Entrepreneurship . We continue to see increased demands in the post-pandemic era as collective efforts expand around raising funds and meeting specific needs related to education, healthcare, and sports . Significant demands were observed in Community Development and Education as reflected in the total expenditures for the period .

COMMUNITY DEVELOPMENT

Community Development remained a central pillar of our CSR efforts . In the period under review, PROVEN allocated USD$233,165 .20 to various projects, an impressive 118% increase from the previous year . Through collaborative partnerships with organisations such as the Jamaica Paralympic Association, Jamaica Cancer Society, United Way of Jamaica, NY 60th Jubilee Gala, and Churches Community Giving, we worked diligently to foster positive change in the areas of healthcare and sports . Sporting activities supported included Netball, Tennis Jamaica Davis Cup, and Jamaica Inn Backgammon Tournament . Fraser McConnell, Jamaica’s most successful professional racing driver, was also a beneficiary of PROVEN’s philanthropic efforts, helping to bolster his continued success internationally . These initiatives have not only enriched the lives of individuals but also strengthened the bonds within our communities .

EDUCATION

Our commitment to education remained resolute, with the largest year-over-year increase of 133% in funding . A total of USD$26,356 .04 was invested in programmes aimed at improving educational outcomes and increasing access to essential resources . By collaborating with esteemed institutions like the University of the West Indies (UWI), we contributed to a brighter future for numerous students . We believe that education is the cornerstone of progress and we are dedicated to providing opportunities for growth and learning .

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We have a strong philanthropy focus
from start
ENTREPRENEURSHIP
While our Entrepreneurship portfolio experienced a 46% reduction in expenditure, totalling USD$5,020 .84, this adjustment was a strategic response to the evolving business landscape following the COVID-19 pandemic . We recognize the importance of adaptability and innovation, and our ongoing commitment to entrepreneurship remains steadfast . As the business environment continues to evolve, we will continue to explore new avenues for supporting aspiring entrepreneurs and driving economic growth. As a company, while we focus on doing well, ensuring that targeted goals are met for our team members, partners, and investors, we take great pride in doing good . Our core values – Integrity, Teamwork, Performance, Respect – guide our general business practices, and our CSR efforts as we work steadfastly to contribute intentionally and consistently to the communities in which we work, live, and serve . Through our initiatives, we are improving educational outcomes by helping to increase access to necessary resources for those most in need . We are supporting healthier living with better access to screenings and updated medical equipment. We are cheering loudly and enthusiastically for our many athletes who help to make our small island a force to be reckoned with globally. We are building a philanthropic portfolio that will shape a solid foundation for sustainable giving.