SDG 1 aims to eradicate extreme poverty by 2030. Virtually all companies held in WHEB’s investment strategy have philanthropic programmes aimed at tackling poverty in their local communities and around the world.
Sonova, a company held in the strategy, develops manufactures and services a variety of hearing care solutions including hearing instruments and aids as well as cochlear implants. Untreated hearing loss among children can impede speech, cognitive development and school performance. This can make it difficult to find work in adult life, increasing the likelihood of children becoming trapped in a cycle of poverty and isolation.
In addition to offering products specifically designed for children, Sonova’s not-for-profit Hear the World Foundation focuses on increasing access to hearing care in low and middle income countries, especially for children. Launched in 2006, the Foundation provides funding, hearing technology and training to local professionals and reached 16 countries through 18 different projects during the 2020/21 financial year.