Professional Documents
Culture Documents
RESPONSIBILITY (CSR)
Professional Ethics Module 6
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Who does CSR impact?
CSR impacts companies,
nonprofits, and employees
alike.
Corporate social responsibility
is not a mandated; instead, it is
something extra that
companies do to improve their
local and global communities.
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How can CSR programs
help nonprofits?
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How much money has been donated
as a result of corporate giving?
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Benefits of Corporate Social Responsibility
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TYPES OF CORPORATE SOCIAL RESPONSIBILITY
Corporate Philanthropy
Corporate philanthropy is the act of a corporation promoting the welfare of others, usually through charitable donations of funds. Companies can
leverage this type of CSR in various ways, though one of the most popular ways is by matching gifts their employees make to companies.
Corporations that offer matching gift programs essentially double the donations that their employees are giving to eligible nonprofits.
Corporate Volunteerism
Corporations can leverage corporate volunteerism by encouraging their employees to volunteer. Many companies allocate hours
to go toward volunteering during the workday, and many more encourage involvement by offering volunteer grants to the
nonprofits where their employees volunteer.
This kind of socially responsible program is a win-win for every party involved. Employees of corporations are seen
volunteering and donating their time to important causes in the community, and nonprofits are receiving free time and volunteer
work, which is essential for the success of so many nonprofits.
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TYPES OF CORPORATE SOCIAL RESPONSIBILITY
Environmental Leadership
Corporations can demonstrate environmental leadership in several ways. For example, they can:
Put forth efforts to reduce their carbon emissions
Recycle their products
Give back to environmental causes
By showing that they care about improving and preserving the environment, companies can gain more support and
business, and also build a solid reputation as an environmental leader.
Ethical Labor Practices
Part of being socially responsible for a corporation means participating in ethical labor practices. These practices can
include:
Offering more competitive salaries to employees
Offering more competitive compensation packages
Providing generous parental leave
Offering tuition reimbursement
Following ethical labor practices reflects well on companies and causes more individuals to want to work with them.
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TYPES OF CORPORATE SOCIAL RESPONSIBILITY
Economic Responsibility
Companies that take part in economic responsibility are truly paying it forward for
the greater social good. This not only impacts their values as a company but also
their employees and the well-being of the economy overall.
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CORPORATE SOCIAL
RESPONSIBILITY
COMPANIES
Walmart Wells Fargo Microsoft Apple Google Boeing ExxonMobil Chevron Starbucks Verizon
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Matching Gift Programs Volunteer Grants
Matching gifts are a type of corporate philanthropy in
which companies match donations that their employees Volunteer grants are a form of corporate giving
make to nonprofit organizations. that encourages employees of companies to
volunteer in their local community. Companies
When an employee makes a donation, they’ll request
will then provide monetary grants to the
the matching gift from their employer, who then makes
their own donation. Companies usually match donations organizations where these employees regularly
at a 1:1 ratio, but some will match at a 2:1, 3:1, or even volunteer.
a 4:1 ratio. Volunteer grants are a great way to turn
Matching gifts are growing in popularity: volunteer time into tangible funds and are also
rising in popularity:
65% of Fortune 500 companies offer matching gift
programs. 40% of Fortune 500 companies offer volunteer
grant programs.
84% of donors say they’re more likely to make a
donation if a match is offered. 80% of companies with volunteer grant
programs offer between $8-$15 per hour
1 in 3 donors indicates that they would give a larger gift volunteered.
if matching was applied to their donation.
65% of companies that were surveyed provided
12% of total corporate cash contributions have gone paid-release time volunteer programs . 11
through corporate matching gift programs.
CORPORATE SOCIAL
RESPONSIBILITY COMPANIES
Google recently set a 5-year goal Wallmart donated more than 1.4 Microsoft strengthens
to give $1 billion in grants and billion globally in FY2019, and communities all over. They
offer 1 million volunteer hours. more than 47,000 associates in recently donated $1.4 billion in
They are also helping close the the U.S. volunteered more than software and services to NGOs,
world’s education gap by 776,000 hours. Walmart also and their employees donated
supporting nonprofits that build donated 640 million pounds of $158 million (including
platforms to scale digital learning food in just the U.S. alone. Microsoft matching gifts) to
resources to everyone. nonprofits
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CORPORATE SOCIAL
RESPONSIBILITY COMPANIES
Matching Gift Volunteer Grant Corporate Giving
Companies Companies Programs
There are lots of companies Many companies will offer Corporate giving programs
that will match their excellent volunteer grant allow all sorts of companies to
employees’ donations. programs to their employees invest in social good.
GE, CarMax, and Johnson the top companies who offer Learn more about how
& Johnson stand out in the this and how they take part in corporate giving programs can
crowd. . corporate social responsibility. impact nonprofits and how
employees can take part.
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6 WAYS CORPORATE SOCIAL RESPONSIBILITY
BENEFITS YOUR EMPLOYEES