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Points of Light Announces 2023 Honorees of The Civic 50

Tuesday, 23 May 2023 04:20 AM

ATLANTA, GA / ACCESSWIRE / May 23, 2023 / Points of Light, the world's largest nonprofit dedicated to accelerating people-powered change, announced The Civic 50 honorees of 2023.  Now in its eleventh year, The Civic 50 has provided a national standard for corporate citizenship and showcases how leading companies are moving social impact, civic engagement and community to the core of their business. The Civic 50 honorees are companies with annual U.S. revenues of at least $1 billion and are selected based on four dimensions of their corporate citizenship and social impact programs: investment of resources and volunteerism, integration across business functions, institutionalization through policies and systems, and impact measurement.

The Civic 50 builds on Points of Light's Civic Circle®, which helps identify the many ways companies and their employees can take action to accelerate positive social change and provides a strategic framework to help activate and scale their full potential for doing good.

This will mark the third year of tracking data related to companies' progress on commitments to racial equity and their communities since Points of Light introduced new racial equity questions in 2021. Additionally, this year's data will also reflect key trends observed from the ongoing impact of the COVID-19 pandemic on the community and employee engagement sector.

"Companies are expected to take action on social issues more than ever before, with Points of Light finding 82% of people globally expecting this," said Diane Quest, interim President and CEO, Points of Light. "The Civic 50 honorees create a model framework for how companies can engage employees and consumers and leverage their assets in an intentional way to move the needle forward on causes they care about. Congratulations to the 2023 honorees of The Civic 50, and thank you for your efforts in transforming the communities where you work and live."

The Civic 50 Honorees of 2023

  1. AbbVie Inc.
  2. Adobe
  3. AFLAC
  4. Altria Group
  5. Ares Management
  6. Blue Cross and Blue Shield of Louisiana
  7. Blue Cross Blue Shield of Massachusetts
  8. Blue Shield of California
  9. Caesars Entertainment
  10. Capital One
  11. Charles Schwab & Co., Inc.
  12. Citi
  13. Comcast NBCUniversal
  14. Comerica Bank
  15. Conagra Brands
  16. CSAA Insurance Group
  17. CVS Health
  18. Deloitte
  19. Delta Air Lines
  20. Dow, Inc.
  21. DTE Energy
  22. Elevance Health
  23. Entergy Corporation
  24. Gen Digital Inc
  25. General Mills
  26. Hasbro, Inc.
  27. Health Care Service Corporation
  28. Hewlett Packard Enterprise
  29. John Deere
  30. Kellogg Company
  31. KeyBank
  32. KPMG LLP
  33. Liberty Mutual Insurance
  34. Pacific Life
  35. PIMCO
  36. Point32Health
  37. Prudential Financial
  38. Regeneron Pharmaceuticals, Inc.
  39. Standard Chartered Bank
  40. Steelcase
  41. Subaru of America, Inc.
  42. Tapestry, Inc
  43. Tata Consultancy Services
  44. TEGNA Inc.
  45. The Hershey Company
  46. Toyota
  47. UnitedHealth Group
  48. Unum
  49. UPS
  50. Vertex Pharmaceuticals
  51. Wynn Resorts, Limited

The process resulted in a tie between two companies and so 51 companies are recognized on this year's list.

The Civic 50 Sector Leaders & Volunteer Award

  • Consumer Discretionary: Hasbro, Inc.
  • Consumer Staples: The Hershey Company
  • Financials: KeyBank
  • Healthcare: UnitedHealth Group
  • Industrials: Delta Air Lines
  • Information Technology: Tata Consultancy Services
  • Materials: Dow, Inc.
  • Telecommunications: TEGNA Inc.
  • Utilities: Entergy Corporation

Volunteer Leader Award : Blue Cross and Blue Shield of Louisiana

This award recognizes the company for having the leading volunteering culture and embracing volunteerism as a priority for civic engagement. 

Strategic Volunteering Award : Steelcase

This award recognizes the company for its strategic efforts to drive impact by engaging employees through pro bono and skills-based and volunteer initiatives. 

Key Insights from The Civic 50 2023 Honorees   

  • Empower more than 350,000 employees to volunteer more than 6 million hours in their communities.
  • Engage 31% of employees, on average, in external volunteering, compared to 17% for most US companies overall.[1]
  • Engage over half of employees (54%), on average, in internal company volunteering such as employee resource groups and company-sponsored issue education opportunities.
  • Give more than $1.7 billion in financial resources and more than $9.7 billion worth of in-kind goods and services to support charitable causes.
  • Donate more than twice what most US companies do in cash and in-kind contributions to charitable causes as percentage of revenue (more than .55% versus .18%).[2]
  • 90% fund social-justice advocacy organizations and 88% are run by CEOs who publicly promoted racial justice.
  • 88% integrate community engagement activities with employee health and wellness strategies.
  • 82% establish department goals relating to community engagement.
  • 82% provide employees paid time off to volunteer.

[1] US data from Giving in Numbers, 2022 by CECP.

[2] US data from Giving in Numbers, 2021 by CECP.

On June 27 at 1 p.m. ET, we will host a special webinar and release a report with additional key insights, trends and benchmarking data from this year's honorees.

The Civic 50 survey is administered by True Impact and the results are analyzed by VeraWorks. The survey instrument consists of quantitative and multiple-choice questions that inform the scoring process. The Civic 50 is the only survey and ranking system that exclusively measures corporate community engagement. To learn more about The Civic 50, visit pointsoflight.org/civic50survey or email [email protected].

About Points of Light

Points of Light is a nonpartisan, global nonprofit organization that inspires, equips and mobilizes millions of people to take action that changes the world. We envision a world in which every individual discovers the power to make a difference, creating healthy communities in vibrant, participatory societies. Through 145 affiliates across 39 countries, and in partnership with thousands of nonprofits and corporations, Points of Light engages 3.7 million people in 16.7 million hours of service each year. We bring the power of people to bear where it's needed most. For more information, visit pointsoflight.org.

About True Impact

True Impact is a social impact reporting solution that helps Fortune 500 companies and their nonprofit partners measure how much their philanthropy benefits society. For more information, visit trueimpact.com.

About VeraWorks

VeraWorks is a global firm that advises and supports companies on ESG (environment social governance), CSR (corporate social responsibility) and purpose, including on how to offer employees the opportunity to do societal good through their everyday jobs. For more information, visit veraworks.com.

Points of Light, Tuesday, May 23, 2023, Press release picture



View additional multimedia and more ESG storytelling from Points of Light on 3blmedia.com.

Contact Info:
Spokesperson: Points of Light
Website: https://www.3blmedia.com/profiles/points-light
Email: [email protected]

SOURCE: Points of Light

Topic:
Environmental, Social and Governance
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