Review of Employee Volunteering & Employee Giving Benchmarking Results – July 25th, 2017
Management Data to Support Your Employee Volunteering & Employee Giving Programs – September 7th, 2017
Using Your Insights & Opportunities Report for Planning & Performance – September 12th, 2017
To register, please contact email@example.com.
#CIMatters: $3 Billion and Counting…
The LBG Canada audit reveals insights into multi-year trends, for each company and for the network as a whole. As we added 2016 results into our data pool, it became clear that LBG Canada companies have invested more than $3 Billion (yes, that’s a B) in community since 2006. Including stakeholder contributions, that increases the LBG Canada footprint to little over $4 Billion
Three Billion dollars… while it is impact (not dollar amount) that really matters, one can’t help to think of the importance of that total amount to enable impact – on community, the Canadian economy and upon the economies of smaller communities in particular.
In this age of sustainability, CSR, corporate citizenship, purpose, social innovation, and social enterprise, it is possible to overlook the importance of corporate community investment. After all, the goal of 1% of pre-tax profit is a smudge on the corporate ledger when considering the total amount of cash flowing through a company annually, isn’t it?
Perhaps from a financial accounting perspective, but we would disagree! Let’s consider the perspective of community partners using corporate investment dollars to change people’s lives for the better. It is time to share those impact stories. #CIMatters
As you know, LBG Canada informs and enhances corporate strategy, measurement and reporting of investment in community, including volunteering and giving programs. More companies are measuring impact to more effectively demonstrate the business and community value of investing in community.
We’re very pleased to work with a growing number of LBG Canada companies that are seeking to integrate impact measurement into their strategy, implementation and reporting efforts.
To learn more about measuring impact, email Stephanie at firstname.lastname@example.org.
Upcoming Report: The State of Community Investment in Canada (2017)
Imagine Canada, a national advocate on behalf of a strong charitable sector, will release the inaugural Canadian Corporate Community Investment Report in the fall of 2017 to illustrate the impact of Canadian corporate investment that strengthens communities across the country. The report features Caring Companies that are achieving the 1% of pre-tax profit designation and the impact of the LBG Canada network of companies.
We estimate that companies and their stakeholders contribute close to $1 Billion annually. This $1 Billion estimate is based upon the LBG Model, the international standard for the measurement and management of community investment.
“The Corporate Community Investment Report will highlight the importance of ongoing corporate community investment in Canada and recognize the excellence and leadership of the Caring Company group,” says Bruce MacDonald, President and CEO of Imagine Canada. “The results from the study will provide charities and Canadians with additional insights about the tremendous scope and innovation of Canadian companies and their commitment to communities.”
“The LBG Canada footprint is more than $4 billion in community since 2006, in partnership with key stakeholders. That contribution has had significant economic and social impact,” says Stephanie Robertson, Founder and Facilitator of LBG Canada. “As the LBG Model is the internationally recognized standard for managing and measuring community investment activities, the LBG Canada group of companies looks forward to playing a major role in the release of this report and its ongoing development.”
Companies interested in participating in the annual reporting are encouraged to learn more about becoming a Caring Company or a part of the LBG Canada network of companies.
A Conference About People…
Around the world, companies seek to recruit and retain employees through generous salary and benefits packages. Yet a variety of evidence highlights that employee retention is significantly influenced by corporate culture.
LBG Canada and Realized Worth share a vision for how corporate involvement in community can result in many amazing things – from an impassioned workforce that is more cohesive, productive and engaged, to communities that have been impacted by corporate giving and the passions of employees.
In late October, we will be co-hosting a conference focused upon how companies and communities benefit as a result of mobilizing the talents and passions of employees.
An upcoming book by Wharton Professor Adam Grant, “Give and Take: A Revolutionary Approach to Success” suggests that involvement in an act of giving that is linked to the work environment strengthens how an employee feels about their organization. Generally-speaking, involvement in giving enables us to see ourselves in more caring terms, which makes us feel good. When the opportunity to give to others is enabled by the work environment, Grant’s research illustrates that employees see their employer organization in more pro-social, caring terms. His work takes the importance of pro-social and caring environments several steps further, creating links to greater organizational productivity and effectiveness.
This research is important for many reasons. It suggests that an employee’s response to being part of a giving environment may be much more influential than is currently realized by many employers. If this is the case, then companies overlooking volunteering and giving activities as a valuable part of corporate activity, are missing opportunities to a) engage their workforce, b) create an environment that will trigger a positive employee response, and c) increase effectiveness.
Even within the LBG Canada network, while 96% of companies encourage some form of volunteering, 58% report their programs are under-resourced and therefore not able to live up to their engagement potential. When Adam Grant’s research is considered, there is a very real argument to be made that these employers are missing an opportunity.
While employer-supported volunteering is increasingly part of a community investment profile, the potential of volunteers as a valuable asset to be deployed to achieve a stated objective is only beginning to be understood. Recently, the concept of “Blended Capital” has been introduced and is now being socialized. A Blended Capital approach increases the impact of financial capital investments by including voluntary human capital investments (employee volunteering) toward shared organizational and community objectives.
In 1992, the phrase “The economy, stupid” brought attention to an opportunity for a different way of thinking during a US presidential campaign. Do we need to be so blunt, to trigger an embrace of existing research, evidence and tools to put people at the heart of our work?
Join us and explore the benefits of employer support of volunteering and innovation in community investment. Who knows? We might simply discover a workforce that’s more engaged, more committed to achieving organizational results and more prepared to contribute to a better world.
Canada 150 celebrations!
Over the course of 2017, many LBG Canada companies are celebrating Canada 150 with engaging programs and initiatives.
For example – Imperial Oil. The company is donating an estimated $6 Million of artwork to Canadian museums and galleries, including pieces by Group of Seven artist Lawren Harris. Various pieces of his work will be gifted to the National Gallery in Ottawa and the Glenbow Museum in Calgary.
Imperial has a strong history in Canada and so does its art collection. The company has been collecting art for more than 70 years with the goal to support Canadian artists, contribute to Canadian culture, enhance the work environment for employees, and provide public awareness of the visual arts.
In total, 43 pieces will be donated to 15 museums and galleries across Canada, in honour of Canada’s sesquicentennial.
For more information, visit: http://www.imperialoil.ca/en-ca/community/community-investment/operating-communities/art-community-investment?parentid=21057b8e-9df5-4819-82f1-bb2eaf2e0595.
Meet the Interns!
This summer, we have three awesome interns to support SiMPACT’s LBG Canada and SROI work: Andrei Flueraru, Andy Muth and Irune Echevarria.
Andrei Flueraru, in the Toronto office, is involved in a variety of projects including an SROI on the value of food security programming in Northern Ontario, IMPACT 2030 measurement and finalizing the B Corp status of SiMPACT. He will be entering his fourth year in the Commerce Program at Queen’s University, is enrolled in the Queen’s Smith School of Business (Certificate for Social Impact) and is chairing the Queen’s Commerce and Engineering Environmental Conference.
Andy Muth, working out of the Calgary office, is a third year student studying at the University of Victoria. Andy was recently accepted as an Honours student, in both Mathematics and Statistics. Over the summer, Andy will be dabbling in LBG Canada data and assisting Bryan Thiedemann, Manager Data Analytics & Special Projects) in illuminating interesting management facts about community investment, volunteering and giving that stem from the LBG Canada data pool.
Irune Echevarria is pursuing a Masters in Sustainability Management at the University of Toronto and has a BA in International Relations, with a Graduate Diploma in Social Development. At SiMPACT’s Toronto office, Irune is advancing the incredibly complicated Social Return on Investment (SROI) evaluation of the Social Enterprise Demonstration Fund for the Ontario Ministry of Economic Development and Growth, formerly MEDEI).