In the fall of 2013, the Center for Corporate Citizenship conducted its biennial Profile of the Practice survey, gathering information from 231 companies on their management practices regarding the environmental, social, and governance dimensions of business. Here are some key findings:
Higher levels of leadership
Executives are leading corporate citizenship efforts more frequently. Fifty-eight percent of the companies now have an executive at the head of corporate citizenship, a 74 percent increase over the 33 percent reported in 2010. More than 70 percent of corporate citizenship leaders are within two levels of the chief executive in 2013.
In 2013, 97 percent of companies reported having an operating budget dedicated to corporate citizenship. In 2010, 81 percent of companies reported devoting financial resources to corporate citizenship. Thirty percent of companies reported an annual corporate citizenship budget of at least $1 million in 2013, a 25 percent increase from 2010. These budgets are exclusive of philanthropic giving. The average and median staff sizes increased from the l ast survey as well
Executive leadership, formalized structures, and increased financial resources suggest that corporate citizenship continues to become an established practice in business. Increased chief executive engagement and more professional development suggest this positive trend as well.
Join us for a free webinar on January 8th at 12pm (EDT) to hear a discussion around the Profile of the Practice 2013 report and to learn about the structure of corporate citizenship within companies, as well as the strategy, professional development, leadership engagement, and communication of corporate citizenship efforts. Click here to Register.