Published 7 years ago.
About a 5 minute read.
America’s largest corporations are increasingly turning good intentions into sound business practices. That’s the promising bottom-line from an analysis of the 2016 Civic 50, the annual Points of Light initiative that recognizes and honors the 50 most community-minded companies in America. In the continuing shift to go beyond checkbook philanthropy, this year’s Civic 50 honorees affirm the trend that companies are supporting community engagement through policies, core business functions, and incentives that indicate sustainable long-term commitment to addressing community challenges.
“We are at the beginning of a boom in corporate social responsibility,” said Neil Bush, chairman of the board of Points of Light, the largest organization in the world dedicated to volunteer service. “Corporations are putting policies in place that prioritize connection with communities. They’re seeing a positive effect through meaningful engagement with community members, increases in employee satisfaction and morale, and positive feedback from consumers.”
“This year’s Civic 50 honorees demonstrate how much they value the relationships they have with the communities in which they do business, and truly understand how important purpose is to both their employees and consumers,” said Tracy Hoover, CEO of Points of Light. “They are as results oriented in their corporate citizenship as they are in their bottom line: 78% are measuring the social impact of their community involvement and 90% solicit community feedback through focus groups or community meetings.”
Key highlights from the 2016 Civic 50 include:
The 2016 honorees will be recognized at an awards luncheon in Detroit, Michigan, during the Points of Light Conference on Volunteering and Service. The Civic 50 honorees for 2016, in alphabetical order, are******:
Now in its fourth year, The Civic 50 survey evaluates participating companies based on four dimensions: investment, integration, institutionalization, and impact.
Trends from the 2016 Civic 50 include:
Points of Light has published a report with full analysis of the 2016 Civic 50 data, best practices and thought-leader essays. The report, titled The 2016 Civic 50: Turning Good Intentions into Sound Business Practices, and a corresponding infographic, are available at www.Civic50.org
Any company with annual revenue of $1 billion or more is invited to participate in The Civic 50. A panel of academic advisors partnered to strengthen Civic 50 survey content, questions and evaluation. The survey was administered by True Impact and analyzed by VeraWorks.
The Civic 50 is an alphabetical listing but this year’s survey also ranked the top scoring companies across 10 sectors: communications, consumer discretionary, consumer staples, energy, financials, health care, industrials, materials, technology and utilities. Sector leaders are marked above.
**SB Corporate Member
Published Jun 28, 2016 3am EDT / 12am PDT / 8am BST / 9am CEST