Corporate Citizenship Perspectives

Partnering across lines of business to achieve CSR goals

Posted by Colleen Olphert, Director, Membership and Member Services on Jun 11, 2018 1:56:42 PM

When we talk about good corporate citizens, we think about those companies that balance financial results with the environmental, social, and governance (ESG) aspects of business. The complexity of this practice demands diverse skills and experience, and the engagement of employees at all levels.

While the active involvement of all employees is essential to corporate citizenship success, respondents of the Boston College Center for Corporate Citizenship’s Profile of the Professionals 2018 report indicated that of CEOs, executives, managers, and staff, executives are the most likely to help them achieve their objectives (see Figure A). 

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Topics: Engaging Employees, Value of Corporate Citizenship, Employee, Professional Development, Workforce, Workplace

Scan, analyze, experiment, and evolve for corporate citizenship success

Posted by Katherine V. Smith, Executive Director on Jun 6, 2018 11:50:46 AM

CorporateCitizenIssue24_CoveronTablet“The world as we have created it is a process of our thinking. It cannot be changed without changing our thinking.” – Albert Einstein

Progress presupposes change. The ability to anticipate change, and thrive through it, is resilience. Corporate citizenship delivers resilience—the capability to prepare for challenges and opportunities in our operating contexts—to deliver the results that we seek for our companies and in our communities. As corporate citizenship leaders, we should cultivate four important behaviors to develop resilience: we should scan, analyze, experiment, and evolve—our programs, our contexts, and ourselves.

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Topics: Corporate Social Responsibility (CSR), Responsible Corporate Leadership, Impact Measurement, Change

Harnessing employee skills to improve financial literacy in youth

Posted by Colleen Olphert, Director, Membership and Member Services on Jun 4, 2018 4:22:12 PM

The following is excerpted from Issue 23 of The Corporate Citizen. To learn more about how your community involvement efforts can connect to overall business success, read the Community Involvement Study, available exclusively for members. Not a member? Learn more about corporate membership with the Boston College Center for Corporate Citizenship. 

Vanguard_My Classroom EconomySince first opening its doors in 1975, Vanguard has flourished using a business model that is built on three foundational values: integrity, focus, and stewardship. A "mutual" mutual fund company, at Vanguard there are no outside owners—instead, the company is owned by its funds, which in turn are owned by their shareholders. As such, Vanguard has the privilege of serving as a dedicated steward of not only its clients' investments—but also of its communities, as the firm understands that strong communities are key to sustainable growth and prosperity. 

Vanguard also understands that these communities are only as strong as their most vulnerable members—children. That's why Vanguard's Office in Community Stewardship focuses its efforts to advance early childhood development and education.

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Topics: Finance, Corporate Community Involvement, Value of Corporate Citizenship, Youth, Education

Achieving compensation equality in the workplace

Posted by Katherine V. Smith, Executive Director on May 2, 2018 2:32:16 PM

The merits of diverse and inclusive workforces are well-documented. They drive innovation, bolster financial performance, capture new markets, and increase customer loyalty.[1] Fair and equal compensation is the prerequisite of cultivating an inclusive company culture, and is an issue that is receiving attention increasingly from policymakers, corporate leaders, and the popular media.

The negative effects of inequality are felt across our entire economy. As income and wealth become concentrated at the top, fewer can participate fully in the economy. This hampers growth at all levels.  The American Dream, once thought to be a birthright, has proven to be available more readily to children of the educated and affluent than to others.[2] Income equality is a corporate citizenship and economic imperative. Corporate citizenship is not what happens in the corporate citizenship department. Good corporate citizenship is reflected across the operations of the company in how the company exercises as an entity its rights, responsibilities, obligations, and privileges

Research shows that racial and gender income inequality affects every country, industry, and field.  For example, respondents to the Boston College Center for Corporate Citizenship’s Profile of the Professionals 2018 study report that women fill most corporate citizenship positions. Their representation drops off, however, in more highly compensated executive positions (see Figure A). Women respondents also reported earning less than their male counterparts, and receiving lower bonuses (See Figure B).

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Topics: Responsible Corporate Leadership, Value of Corporate Citizenship, Inclusion, Workforce, Gender, Race, Glass Ceiling

Corporate Citizenship Conference Recap Day 3: Resilient, Responsible Leaders Driving Results

Posted by Jessica Shearer on Apr 10, 2018 5:57:00 PM

UPSThe final day of the 2018 International Corporate Citizenship Conference was rich with inspiration and ideas, as attendees learned from a wide array of CSR experts, solidified connections during networking events, and were introduced to next year’s Conference sponsor—Mary Kay—during the event’s closing session.

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Corporate Citizenship Conference Evening Recap Day 2: Future Focus and the Power of Purpose

Posted by Jessica Shearer on Apr 9, 2018 11:24:27 PM

ArcelormittalBy the end of the first full day of the 2018 International Corporate Citizenship Conference, attendees had participated in panel discussions, workshops, case studies, networking events, and four inspiring keynote sessions. They closed the day leaving with practical tools and tactics to achieve resilience and results in their companies and communities through strategic responsibility.

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Topics: Environmental Sustainability, Brand

Corporate Citizenship Conference Morning Recap Day 2: Investing Today for a Stronger Tomorrow

Posted by Jessica Shearer on Apr 9, 2018 6:36:46 PM

Marlene CropToday, attendees of the 2018 International Corporate Citizenship Conference came together for dynamic keynotes, deep-diving breakout sessions, and collaborative networking opportunities to share how they leverage responsibility to strengthen resilience and achieve results. Highlights of the day include an on-site volunteer project benefiting children’s hospitals in the LA area, in-depth discussions on the importance of a long-term view, the employee engagement potential of strategic programs, and much more.

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Topics: Corporate Social Responsibility (CSR), Value of Corporate Citizenship, Storytelling

2018 Corporate Citizenship Conference Recap Day 1: Building Better Together

Posted by Jessica Shearer on Apr 9, 2018 12:08:25 AM

WellsFargo_GeneralSessionToday, 600 CSR professionals traveled to Los Angeles to kick off the 2018 International Corporate Citizenship Conference—an event dedicated to helping CSR professionals strengthen the connections between resilience, responsibility, and results. The afternoon was filled with numerous networking opportunities and an illuminating dinner session—and was capped off by the annual Film Festival award ceremony—setting the stage for two more days of insights and connections.

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Topics: Corporate Citizenship, Corporate Social Responsibility (CSR), Storytelling

2018 International Corporate Citizenship Conference Begins Today in Los Angeles

Posted by Jessica Shearer on Apr 8, 2018 11:05:41 AM

Each year, the Boston College Center for Corporate Citizenship gathers CSR leaders from around the world for two and a half days of learning, sharing, and growing. This year, the Conference is hosted by Travelers, a company who has, for more than 160 years, helped individuals and organizations foster resilience, invest in responsibility, and deliver results.  

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Topics: Corporate Citizenship, Conference, Impact Measurement, Network

Environmental insights: Trends in Sustainable Business study

Posted by Katherine V. Smith, Executive Director on Apr 3, 2018 10:19:48 AM

“When one tugs at a single thing in nature, he finds it attached to the rest of the world.” – John Muir

TrendsInSustainableBusiness-Cover2_smallThe interconnection of issues we address in our corporate citizenship work becomes especially evident in attempts to achieve environmental sustainability. From sourcing, to product development, to waste management, our strategies must accommodate shifting constraints and opportunities presented by our natural environment and other stakeholders.

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Topics: Environmental Sustainability, Responsible Corporate Leadership, Climate, Best Practices, Carbon, water, Recycling, Waste

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The Boston College Center for Corporate Citizenship is your resource for insights, research, trending topics, and executive education in the corporate citizenship field.

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