Points of Light Announces 2020 Honorees of The Civic 50

https://www.pointsoflight.org/press-releases/points-of-light-announces-2...

For more info: https://www.pointsoflight.org/the-civic-50/

Points of Light, a global nonprofit organization that inspires, equips and mobilizes millions of people to take action that changes the world, announces The Civic 50 honorees of 2020, recognizing them as the most community-minded companies in the United States. The Civic 50 awards provide a framework for good corporate citizenship, and showcases how committed companies are moving social impact, civic engagement and community to the center of their business.

The Civic 50 honorees are public and private companies with U.S. operations and revenues of $1 billion or more and are selected based on four dimensions of their U.S. community engagement program – investment of resources, integration across business functions, institutionalization through policies and systems and impact measurement. Since 2011, The Civic 50 has provided a national standard for superior corporate citizenship and showcased how companies can use their time, skills and other resources to improve the quality of life in the communities where they do business.

“Points of Light believes that now more than ever, companies must drive transformative social change around the world,” said Natalye Paquin, president and CEO, Points of Light. “This year’s honorees of The Civic 50 collectively gave $2.1 billion to their communities – and had nearly 700,000 employees volunteer for more than 11.3 million hours. Corporate leadership and commitment to civic engagement is critical to strengthening communities. We thank these leaders for their investment and look forward to supporting them in innovating and expanding their work.”

These companies demonstrate that the good corporate citizenship is about taking more than one action. It is about having company values and policies that support and strengthen employees, stakeholders, and the communities in which business operates, and allowing those values and policies to guide everything from business decisions to employee engagement to social cause positions and actions. This holistic approach to corporate citizenship is more relevant now than ever before as people look to business to lead by example – whether responding to the global pandemic or moving quickly to address systemic racism inside their organizations and in their communities.

The Civic 50 Honorees of 2020

The Civic 50 Sector Leaders

Consumer Discretionary: Hasbro, Inc.
Consumer Staples: Altria Group
Energy: Valero Energy Corporation
Financials: Toyota Financial Services
Healthcare: Regeneron Pharmaceuticals, Inc.
Industrials: FedEx
Information Technology: Tata Consultancy Services
Materials: Freeport-McMoRan
Telecommunications: TEGNA Inc.
Utilities: DTE Energy

The Civic 50 Volunteer Leader Award – Hogan Lovells

This award recognizes the company’s unmatched investment of employees’ time and talent in the communities and causes they support.

Key Statistics and Highlights from The Civic 50 2020 Honorees

The 2020 Civic 50 honorees:

• Donated $2.1 billion in cash and $5.6 billion of in-kind support to US social causes
• Supported their US employees in delivering 11.4 million volunteer hours, a value of $554 million to US communities
• Pursue diversity, equity and inclusion goals as part of their community engagement work (96% in 2019)
• Overwhelmingly pursued environmental sustainability (60% did in 2019), but many also pursued health and well-being (46%) and racial and other forms of equity (24%) well before COVID-19 and the racial-equity protests
• Are making contributions to help the country respond to COVID-19 and its associated hardships (94% have thus far)
• Are taking leadership positions on societal causes (in 2019 62% of CEOs or other company leaders took a public position on four or more public education or policy efforts)
• Treat their community involvement as a board-level issue (82% include community engagement in board of directors’ meetings) [1] Total skills-based volunteer hours were 1,969,817 and they are valued at $160/hour per the CECP’s “Valuation Guide 2020.” Total extra-hands volunteer hours were 9,405,066 and they are valued at $25.40 per the Independent Sector (2019).

The Civic 50 survey is administered by True Impact, a company specializing in helping organizations maximize and measure their social and business value and analyzed by VeraWorks. The survey instrument consists of quantitative and multiple-choice questions that inform The Civic 50 scoring process. A key-findings brief from the survey will be released in summer 2020. For more information, please visit www.civic50.org.

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About Points of Light:
Points of Light is a global nonprofit organization that inspires, equips and mobilizes millions of people to take action that changes the world. We envision a world in which every individual discovers the power to make a difference, creating healthy communities in vibrant, participatory societies. Through affiliates in 250 cities across 37 countries, and in partnership with thousands of nonprofits and corporations, Points of Light engages 5 million volunteers in 14 million hours of service each year. We bring the power of people to bear where it’s needed most. For more information, visit: www.pointsoflight.org.

About True Impact:
True Impact is a web-based measurement and reporting tool for charitable investments. Companies and their nonprofit partners use True Impact to measure the social impact of grants, volunteerism, and other philanthropic investments, to demonstrate success and identify opportunities for improvement. True Impact can be used as a stand-alone tool, or as an integrated add-on module with any grants or volunteer management system. For more information, visit www.trueimpact.com.

About VeraWorks:
VeraWorks is a global consulting firm that helps managers and companies offer employees the opportunity to do societal good through their everyday jobs. For more information, visit www.veraworks.com.