The Corporate PhilanthroNews Round Up offers a quarterly snapshot of news stories, articles, events of note, and resources from across the philanthropic sector. Whether you take a quick skim of the material or a deep dive through each item we hope to help inform your work and inspire your thinking.
A New Era Of Work: Aligning Purpose With Employee Well-Being For Organizational Success
International Business Times
According to new research, employees are increasingly looking for a workplace that aligns with their values and priorities their well-being. To compete in this competitive labor market, companies can utilize purpose-driven strategies and volunteer programs to attract talent and retain existing employees.
Ask a CSR Friend: Launching an Employee Volunteer Recognition Strategy
Points of Light
In Points of Light latest monthly column on employee community engagement, they answer a question on how to use employer recognition programs to grow employee volunteer programs. The article details questions to consider as you design, implement and evaluate a recognition strategy.
SEC Final Rule on Corporate Climate Disclosure: An Overview of New Reporting Requirements
Boston College Center for Corporate Citizenship
This article breaks down the long-awaited final rule on corporate climate disclosure by the U.S. Securities and Exchange Commission, including what’s included, who is affected, how it compares t other ESG reporting regulations, and when it goes into effect.
Trust-Based Philanthropy for Corporate Funders
Stanford Social Innovation Review
Community wisdom is a vital resource in our work in the philanthropic sector, and it is no different for corporate funders. In this Standford Social Innovation Review article from John Brothers, he discourages corporate philanthropy from approaching their giving in the same way as they approach their business operations. Instead, he urges organizations to learn about the nuances of the social challenges they are trying to address by deeply listening to the communities who are most affected. As a person working in corporate philanthropy and practicing trust-based philanthropy for nine years, Brothers shares the framework his organization uses as well as the lessons learned throughout this process.
The Current And Future State Of Corporate Citizenship
Forbes
This Forbes article shares key highlights from a report by The Conference Board, a global corporate think tank, on the state of corporate philanthropy and corporate responsibility at large. The results show that corporate responsibility programs continue to play a vital role in their respective enterprises, but organizations have room to grow in incorporating these programs into overall business strategies.
Debunking Five Myths About ESG: Beyond Compliance and Reporting
Association of Corporate Citizenship Professionals
Environmental, social and governance (ESG) initiatives have recently been under fire from groups trying to discredit them, often due to misconceptions about the practice. Despite these challenges, ESG initiatives remain of critical interest to many organizations and the practice isn’t going anywhere soon. ACCP tackles the five commons myths about ESGs in this article.
Whole-Person Health is at The Center of Cambia Health Foundation’s Equity Strategy
Cambia Health Foundation | Philanthropy Northwest
Senior Program Officer of Cambia Health Foundation Steven Lesky provides an overview of the corporate foundation’s new 10-year strategy focused on advancing health equity and how they got there. He reflects on the critical step of working with Equity in the Center to deepen their understanding of health inequities and shift how they think about their role and work.
State of Corporate Citizenship
Boston College Center for Corporate Citizenship
New data reports on the state of corporate citizenship in 2024. The Boston College Center for Corporate Citizenship research analyzes how executives view corporate citizenship and their performance in the ESG aspects of business. The report finds that DEI programs continue to be the most prioritized program; staff are more aligned on social issues; companies are encouraged to be more environmentally sustainable; and corporate leaders are increasingly taking a stand on social or environmental issues.
Skills-based volunteering & pro bono services in 2024: Company insights & examples
Boston College Center for Corporate Citizenship
The most common form of organized employee volunteerism has shifted from companywide Days of Service to virtual volunteering, skills-based volunteering and pro bono services. While the pandemic helped this change along, nonprofits support this shift to sustained and nuanced corporate support wherever possible. Three examples share how different companies approach skills-based volunteering and pro bono services.
Crafting Successful Charity Eligibility Guidelines for Your Corporate Matching Program
America’s Charities
Charity guidelines help ensure your corporate giving program aligns with your company’s goals and provides a framework for its operations. This article shares how to create charity eligibility guidelines that also empower employees to make meaningful contributions to the causes they care about.
Six strategies for growth outperformance
McKinsey
How can companies foster growth in today’s uncertain economic climate? Three experts discuss the recipe for fostering corporate growth, which drives performance, culture and employee satisfaction. This podcast episode delves into a conversation about how to achieve growth that is both profitable and sustainable.
AI for social good: Improving lives and protecting the planet
McKinsey
Advances in artificial intelligence (AI) have made it possible to scale AI for social good. While AI is already being used to further all 17 UN Sustainable Development Goals, experts believe that AI has a particularly high potential to make a difference for five: Good Health and Well-Being (SDG 3), Quality Education (SDG 4), Climate Action (SDG 13), Affordable and Clean Energy (SDG 7), and Sustainable Cities and Communities (SDG 11).
Corporate Racial Equity Alliance
The Corporate Racial Equity Alliance invites public feedback (through Oct. 31) on the draft Business Standards for 21st Century Leadership, developed through extensive research and input from over 500 stakeholders. This report is intended to facilitate public feedback on standards to promote and support the improved sustainability performance of U.S. businesses related to social issues, including advancing equity and inclusion, eliminating bias and discrimination and ensuring equal opportunities for all.