RESEARCH BRIEF - Investors who take a longer-term view of value creation encourage companies to improve their environmental and social performance.
Major impact: assembly required
“The dictionary is the only place that success comes before work. Hard work is the price we must pay for success. I think you can accomplish anything if you’re willing to pay the price.” –Vince Lombardi
Companies succeed in corporate citizenship when they operate within the purview of their purpose and apply their unique strengths and capabilities to create financial, social, and environmental value. According to our forthcoming State of Corporate Citizenship 2020 research, executives report that they are more successful in achieving key business goals, such as reducing employee turnover and improving customer retention, when they integrate corporate citizenship into core business strategy.
Corporate citizenship professionals are challenged sometimes by a lack of authority to direct the efforts of people across their companies and communities to create sustainable, long-term change. I am continually impressed by what our members manage to accomplish with influence. Even when operating with limited numbers of staff and with limited resources, you leverage your networks to rally senior leadership, employees, customers, and local communities around the issues that matter most. Corporate citizenship professionals are often the connectors who hold together this broad array of stakeholders—and when you are at your most effective, your work helps accelerate business growth and social impact around the world.
You will find plenty of examples of great corporate citizenship in the 30th issue of the Corporate Citizen. Click through and read on to learn how companies are setting and communicating sustainability targets; how they are encouraging employees to build professional skills while volunteering; and how they are networking to enlist the talents of others to maximize their corporate citizenship efforts.
To learn how to amplify your impact even further, I invite you to join us in San Francisco for the 2020 International Corporate Citizenship Conference (March 30-April 1, 2020). More than 600 corporate citizenship professionals will convene to learn and share how they achieve global impact. See why community involvement and environmental sustainability professionals return to this event year after year. Attendees learn best practices, network in a unique corporate-only context, and gain tools to apply immediately to their corporate social responsibility work. Thank you for your continued work and we hope to see you at one of our upcoming events.
Related Content
RESEARCH BRIEF - Tying executive compensation to corporate citizenship metrics can help improve corporate social performance.
RESEARCH BRIEF - In mergers and acquisitions, acquiring firms are likely to benefit financially when the acquired firm has strong corporate citizenship performance.
RESEARCH BRIEF - Board-level gender diversity is associated with a higher likelihood and higher level of dividend payouts to shareholders.
RESEARCH BRIEF - Companies looking to create inclusive, family-friendly policies should consider offering all employees opportunities to work remotely.
REGULATORY RADAR - The California legislature has passed a series of amendments to the state’s Consumer Privacy Act.
REGULATORY RADAR - Virginia Governor Ralph Northam has signed an executive order setting goals for clean energy access and production.
REGULATORY RADAR - The European Commission has passed a new rule mandating sustainability requirements for household appliances, such as refrigerators, televisions, and dishwashers.