Corporate Citizenship Perspectives

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

For this company, corporate responsibility is an investment in the future workforce

Posted by Patricia MacKenzie, Director of Marketing & Communications on Jan 11, 2018 9:52:21 AM

At the Boston College Center for Corporate Citizenship’s International Corporate Citizenship Conference, CSR leaders from around the world gather to share insights, tools, and tactics. Below, we share a story from last year’s conference, appearing originally in Issue 20 of The Corporate Citizen magazine, which details how State Street—the event’s 2017 convening sponsor—is working with five partners to advance job readiness today while strengthening its future workforce.

This year, our 2018 convening sponsor Travelers will share the benefits of a long-term approach. Other speakers will include award-winning writer and speaker Terri Trespicio, as well as experts from EY, UPS, and more. Now is the best time to register, because for a limited time you SAVE $200 on registration!

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Topics: Partnerships, Corporate Community Involvement, Value of Corporate Citizenship, Youth, Workforce, Best Practices, Education, Impact

This #GivingTuesday, companies went beyond corporate giving

Posted by Patricia MacKenzie, Director of Marketing & Communications on Nov 30, 2017 10:53:41 AM

#GT Heart.pngThis week we celebrated the sixth annual #GivingTuesday, a global day of philanthropy following Black Friday and Cyber Monday, when consumers turn from shopping to giving—and for companies, corporate giving. According to #GivingTuesday founding partner Blackbaud, this year was the most successful yet: Online giving was up 28 percent from last year, with more than $60.9 million in online donations.

As always, companies were instrumental in that success, using social media to drive the day's momentum. Corporate citizenship leaders used this moment to shine a spotlight on not only corporate giving, but also corporate community involvement and engaging employees on volunteer work—both on this #GivingTuesday and all year round. 

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Topics: Philanthropy, Engaging Employees, Giving, Corporate Community Involvement, Value of Corporate Citizenship

Preparing leaders to serve on nonprofit boards

For an in-depth training on how to prepare senior leaders to engage in skills-based volunteering in the local community, take the course: Nonprofit Board Service: Getting Your Team Ready to Serve on Feb 7-8, 2018 in Los Angeles, CA.

Serving on a nonprofit board is more than a high-impact way for executives to perform community service— it also provides benefits to the executive’s company. 

Nonprofit boards provide an excellent, low-cost training opportunity for senior leaders. Executives that serve on nonprofit boards are able to expandcommunityinvolvement.nonprofit.board.service..png their skillset by applying their expertise in a new context, all while engaging with and learning from people and communities from different professional and personal backgrounds.

At its core, nonprofit board service is a specialized type of skills-based volunteering, which is found to add value to the workplace. According to Deloitte, 91 percent of HR professionals agree that skills-based volunteering builds and hones business and leadership skills. Regina McNally, vice president of strategic workforce programs at State Street, summarized this effect: “Those [that engage in skills-based volunteering] learn in a whole new environment to let their brain work in a different way and bring those new skillsets back to the office.”

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Topics: Responsible Corporate Leadership, Corporate Community Involvement, Benefits, Non-Profits, Board, Best Practices

Participating in #GivingTuesday? Corporate giving may be its own reward, but there are other benefits, too…

Posted by Katherine V. Smith, Executive Director on Nov 21, 2017 12:06:43 PM

For the past five years, the first Tuesday following U.S. Thanksgiving has been known as #GivingTuesday, a day set aside to encourage organizations around the world to celebrate and act upon the values of service and giving back.

#GivingTuesday offers a focused opportunity for companies to connect with their employees, community partners, and customers, all in an effort to champion a worthwhile cause. While corporate citizenship is best considered an ongoing and ever-evolving process, Tuesday, November 28, 2017 is noteworthy as it provides an opportunity to appreciate all that can be accomplished when stakeholders collaborate by way of corporate giving. Below are just a few ways strategic corporate giving delivers both business and social value, along with example #GivingTuesday activities from our Center member companies.

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Topics: Philanthropy, Engaging Employees, Giving, Corporate Community Involvement, Value of Corporate Citizenship

Corporate citizenship goals beyond 'better': How to get where you want to go

Posted by Katherine V. Smith, Executive Director on Oct 31, 2017 3:15:00 PM

View all resources on the Value of Corporate Citizenship >

“To improve is to change, to be perfect is to change often.” – Winston Churchill

TabletwithIssue22.jpgWinston Churchill is considered one of the greatest strategic minds in modern history. He not only led Britain through World War II, he played an active role in the passage of the People's Budget—which introduced major social welfare reform programs—established Britain's first minimum wage, and even won the Nobel Prize for

 literature. He understood that continual progress could only be achieved through constant adaptation.

As corporate citizenship professionals, you are tasked with creating both the world in which we want to do business, AND the world in which we want to live. It's a lofty mission, one that requires us to challenge the status quo and innovate to create radical change.

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Topics: Engaging Employees, Corporate Community Involvement, Value of Corporate Citizenship, Strategy, Inclusion, Signature Programs

Measuring progress toward a bold goal

Posted by Colleen Olphert, Director, Membership and Member Services on Oct 27, 2017 10:00:00 AM

Humana.ImpactMeasurement.pngThe following is excerpted from Issue 19 of The Corporate Citizen. To learn more about how you can demonstrate the value of your corporate citizenship programs through data and metrics, consider joining us Dec. 6-8 in Pheonix, AZ for our Measurement and Evaluation course, also available online Jan. 8-Mar. 2, 2018 . 

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Topics: Health & Wellness, Impact Measurement, Corporate Community Involvement, Value of Corporate Citizenship, Signature Programs

Supporting veterans and their families with corporate citizenship efforts

Veterans.jpgView all Community Involvement resources > 

Corporate citizenship initiatives focused on veteran hiring and engagement are becoming increasingly popular because they provide a win-win situation for companies and military families alike: Veterans provide companies with valuable transferable skills and consistently prove to be dependable and hardworking team players, while companies provide veterans with the stability and purpose to help their families thrive.

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Topics: Corporate Community Involvement

Offering aid when disaster strikes

Posted by Colleen Olphert, Director, Membership and Member Services on Jun 13, 2017 10:10:58 AM

The following is excerpted from Issue 20 of The Corporate Citizen. To learn more about how you can meet your corporate citizenship objectives by better managing your internal and external partnerships, consider joining us in Chicago on September 13-14 for our Corporate Citizenship Partnership Management course.

 

CVS Health, a Rhode Island-based pharmacy innovation company, is an industry leader committed to helping people on their path to better health and giving back to the communities in which it operates. The company’s high-profile decision in 2014 to stop selling tobacco products at its retail locations garnered nationwide attention, but it isn’t the only arena where CVS Health has demonstrated its ongoing commitment to corporate citizenship.

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Topics: Corporate Community Involvement

Corporate responsibility + diversity & inclusion: an integrated approach to build a better working world

Diversity.jpgI recently had the pleasure of participating in a panel discussion as part of the Boston College Center for Corporate Citizenship 2017 International Corporate Citizenship Conference. Phyllis A. James, executive vice president and chief diversity and corporate responsibility officer at MGM Resorts International, moderated the conversation, which also included Jack Bergen, vice president of corporate projects at Arconic, and Caroline Chambers, vice president and diversity programs manager at Comerica Bank. Together, we explored how an integrated approach to corporate responsibility and diversity and inclusiveness can help achieve business goals.

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Topics: Diversity, Corporate Community Involvement, Business Case, Inclusion, Skills-based Volunteering

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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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