CORPORATE GIVING
Corporate giving or corporate philanthropy refers to a wide range of activities engaged in by companies to support social or environmental causes.
This may include monetary donations, programmes involving employees (Employee Engagement) in social or environmental projects, contributions in kind (goods or services), sponsorships, Cause-Related Marketing initiatives and partnerships with nonprofits.
The goal of Corporate giving is to generate a positive impact on society, responding to social, environmental and economic challenges.
Today we are witnessing the emergence of a new strategic model, which goes beyond the concept of giving back which traditionally led a company to make donations in the local community.
What is emerging is a new form of proactive philanthropy where the initiatives undertaken are strategically aligned with the mission and objectives of the company, which thus becomes a co-creator of value. Corporate giving becomes an “internal practice”, an integral part of the corporate DNA.
On a global level we are also witnessing strong growth in the number of corporate foundations, foundations directly set up by companies, and a tendency by companies to adopt the model of Sustainable Development Goals (SDGs) and develop and implement methods for assessing and measuring their impacts.
navigating sustainability
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