Points of Light released The Civic 50 report featuring key trends, benchmarking data and insights from the 2021 honorees and will host a webinar on Oct. 26, 2021 at 1 p.m. ET. (register) to review the findings and discuss emerging trends in the corporate citizenship sector.
The Civic 50 honorees are public and private companies with U.S. operations and revenues of at least $1 billion, 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. This year, Points of Light introduced new questions in The Civic 50 survey to better understand companies’ progress on commitments to racial equity and their communities.
“We are in a moment in time where we’re seeing higher rates of civic engagement than we have seen in decades, and that includes companies taking an active role in the communities where they live and work. Additionally, we’re seeing these companies respond to the times we are living in, with 100 percent of The Civic 50 CEOs using their voice to speak on the issue of race equity, and 94 percent of honoree companies having dedicated strategies to promote diverse and equitable company culture. These 50 companies are leading the way and creating transformational change within their companies and communities, and we thank them for their leadership.” Natalye Paquin, president and CEO, Points of Light
Key Statistics and Highlights from The Civic 50 2021 Honorees
The Civic 50 honorees:
- Donated $2.5 billion in cash and $8.2 billion of in-kind support to US social causes
- Supported their US employees in delivering 7.1 million volunteer hours
- Treat their community involvement as a board-level issue (84% include community engagement in board of directors’ meetings)
- Helped employees participate in elections (88% gave time off or schedule flexibility to vote)
Additionally, findings from new racial equity questions added to the survey indicate:
- 92% of the honoree company CEOs used their voice externally and 100% used their voice internally this past year on the issue of racial equity
- 94% of the honorees have formal supplier diversity programs with written strategies to promote a more diverse, equitable and inclusive company culture
- 86% of the honorees launched education and awareness campaigns to advance racial equity issues
- 82% of the honorees funded advocacy organizations focused on advancing racial equity issues
Since it was launched in 2012, The Civic 50 has provided a roadmap for good corporate citizenship, and showcases how committed companies are moving social impact, civic engagement and community to the center of their business. 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 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 2021. For more information, please visit www.civic50.org.