The Civic 50, published today by Bloomberg Businessweek, offers the nation's 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. This year's top five companies include IBM, Citi, AT&T Inc., Aetna and Capital One Financial Corporation.
Points of Light and The National Conference on Citizenship (NCoC), the nation's definitive experts on civic engagement, evaluated companies 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.
"Today, in the aftermath of Hurricane Sandy, we can see clearly how much corporate America pitches in - with expertise, talent, time and money - to help communities meet critical needs," said Jackie Norris, executive director of the Points of Light Corporate Institute. "In times of disaster and in relative calm, The Civic 50's work is transformative, innovative and critically important."
Visit Bloomberg Businessweek to see the full list of winners and read about how they are creating change.