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Abbott Presents: The Future of Corporate Philanthropy
TriplePundit has teamed up with Abbott to present a series on the Future of Corporate Philanthropy.
Abbott is a global, broad-based health care company devoted to the discovery, development, manufacture and marketing of pharmaceuticals and medical products, including nutritionals, devices and diagnostics. The company employs nearly 90,000 people and markets its products in more than 130 countries. Working in partnership with others, Abbott leverages its core business expertise and resources to create sustainable solutions in countries around the world. The company has been included in the Dow Jones Sustainability World Index for seven consecutive years; ranked number 28 on the Barron's magazine 2011 list of the world's most respected companies; and number 21 on the Corporate Responsibility magazine 100 Best Corporate Citizens list. In addition to these global honors, Abbott has been recognized for its citizenship and sustainability efforts in Brazil, China, Denmark, Finland, Ireland, Italy, Korea, Mexico, Singapore, Tanzania and the United States.
This series is written and curated by MC O'Connor
These days, donating a portion of one’s own savings or company dollars to charity is to look at philanthropy in its most primitive form. Now, the big players of Silicon Valley are applying their venture capital, social ingenuity and tech savvy to the task of rebooting philanthropy.
Starbucks is being hailed for helping American small businesses with its new “Create Jobs for USA” campaign. But is Starbucks a real hero, promoting an important and worthy cause, or is it just a PR stunt? Or maybe it’s both – a good philanthropy initiative that at the same time benefits the Starbucks brand and maybe even its sales? If so, is it an example of strategic philanthropy?
We have teamed up with Abbott to produce an article series on the future of corporate philanthropy. Please read the rest of the series here. By Mike Hannigan To speculate on the future of corporate philanthropy, it helps to first consider the recent past. In the early 1990s, while corporate profits reached an all-time high, there […]
Since 2007, B Lab has been certifying companies that pledged to meet comprehensive standards for social and environmental performance (in addition to running viable businesses, of course). Through a vetting and auditing process, B Lab began certifying some applicant companies as “B Corps” and today there are more than 475 of these firms, across 60 different industries.
Virtually all jobs these days at least offer you the opportunity to volunteer or get involved with causes at work–and most of us really want a job at a company that gives back to the larger community. However, some companies go above and beyond. At these companies, known as social enterprises, every job is directly involved with having a positive impact on society. It is ingrained into the business model. This is the sweet spot.
We talked to Derek Sabori about Volcom’s Give Jeans a Chance program, which is specifically focused on donating jeans to youth in need — since as much as 40 percent of the homeless have been under the age of 18 in recent years — and Volcom’s overall New Future sustainability platform.
Does this grant project mark the dawn of philanthropy 2.0? Or is it a handy tool for IBM to market its services to urban leaders? It’s both.
At the core, a prospective candidate wants a combination of priorities to be fulfilled at work: Constant learning, leadership opportunities, fair compensation, and schedule flexibility (especially for those with children). Generosity? That’s not so much a top tier, or even a second tier, criteria.
In 2006, Blake Mycoskie started as a shoe company. He also started a movement. Well, at the very least, he trademarked a movement: One for OneTM. Having witnessed extreme poverty during a trip to Argentina, Mycoskie was inspired to start a footwear company in which, for each pair of shoes sold, he’d donate a new pair to a child who, like so many he met in Argentina, is in dire need of shoes. TOMS was born.
Abbott is a billion dollar multi-national healthcare company with products ranging from pharmaceuticals to nutritional supplements to medial devices. Though the company’s core offerings are heavily tied to social benefit (improving human health), Abbott also donates a substantial amount of funds to it’s foundation which focuses on serving the same core values from the grant-giving side.