More businesses are giving employees the opportunity to work with community organizations and finding that it simultaneously increases their bottom line and employee satisfaction, according to the results of The Civic 50 survey published by Bloomberg.
The Civic 50 survey, now in its second year, was developed by the nation’s leading experts on civic engagement, the National Conference on Citizenship, Points of Light, and Bloomberg. The survey was administered by True Impact and evaluated by a cross-sector team of independent qualitative evaluators.
The Civic 50 was created to measure corporate civic engagement and to recognize top S&P companies that make socially responsible practices and community leadership part of their corporate culture. Corporations recognized as The Civic 50 set the standard for how a company’s time, talent and resources can best be used to improve quality of life in the communities where they do business.
“We are encouraged by the results of The Civic 50 survey, which show that increasingly community engagement is recognized as being core to business success,” said Neil Bush, chair of the Points of Light Board of Directors, and Michael Weiser, board chair, National Conference on Citizenship, in a joint statement. “We hope the best practices of The Civic 50 will serve as a valuable resource for other companies that want to transform their business, make a greater commitment to their communities, and change lives.”
“Bloomberg is honored to serve as a lead sponsor of The Civic 50 along with valued partners, Points of Light and the National Conference on Citizenship,” said Elana Weinstein, Bloomberg’s Global Head of Diversity, Inclusion and Community Engagement. “We are encouraged by the results of this year’s survey and look forward to continuing a partnership which recognizes the tremendous value that corporate institutions bring to the communities in which we live and work.”
50 applicants were evaluated and accrued points based on several criteria, including the amount of financial and human resources applied to civic improvement; whether internal and external resources are used to maximize community impact; how a company’s community engagement activities align with its business interests; how broadly community engagement is supported and institutionalized within a company’s policies, systems and incentives; and how a company measures the social and business value of its community engagement programs.