IBM, Citi, and AT&T, Inc. take top honors in the first comprehensive ranking of S&P 500 companies that best use their time, talent and resources to improve the quality of life in the communities where they do business. The Civic 50 was prepared by The National Conference on Citizenship (NCoC) and Points of Light, national experts on civic engagement in partnership with Bloomberg LP. It features a comprehensive, transparent methodology to identify companies that have taken a leadership role in developing and implementing civic engagement programs. The list is intended to raise awareness of the importance of a civic consciousness through the U.S. corporate world.
Companies were evaluated on seven specific metrics: leadership, measurement and strategy, design, employee civic growth, community partnerships, cause alignment and transparency. Winning companies employed increasingly sophisticated tools to measure the impact of community engagement and alignment of these programs with their business’ core competencies. More than two-thirds of the top 50 companies say they “frequently” or “always” use the professional skills of their workforce to address social issues and real community challenges. Sixty-six percent of the top 50 say they have “mission-level” alignment with the community partners, meaning they work with them on the highest strategic level, not just on individual programs or events.
The companies recognized in the inaugural Civic 50 contributed a remarkable amount of time and resources to improve the communities they serve. For example, the top five companies alone provide $1.5 billion in grant support to community organizations, 17.5 million volunteer hours valued at over $375 million, and $150 million in matching donations.
The full list of winners can be found online at Businessweek.com. Here are the top ten:
- AT&T Inc.
- Capital One Financial Corporation
- Morgan Stanley
- Campbell Soup Company
- The McGraw-Hill Companies
- General Electric
- Hasbro, Inc.