My career hasn’t evolved in a vacuum; it’s been shaped by the life I’ve lived outside of work, the challenges that stretched me, and the moments that forced me to grow in ways I never anticipated.
Each year, about two-thirds of our revenue is spent on materials and services needed to make our products. Whenever possible, we source from local suppliers near our facilities. This helps us shorten our supply chain and reduce risk. Proximity allows us to know our suppliers and ensure they produce our materials and render services responsibly, in addition to strengthening the local economy.
Domtar has been a centerpiece in some of our communities for more than a century. We depend on them, and they depend on us. For every 100 jobs in our facilities, an additional 325 jobs are created.* We have focused on repurposing our assets and executing our growth strategy to keep our facilities viable for the long term.
It’s been over three weeks since Hurricane Maria made landfall, leaving a path of destruction in its wake. As the tenth-most intense Atlantic hurricane on record, the storm devastated Puerto Rico, completely destroying the island's power grid and leaving all 3.4 million residents without electricity. San Juan Mayor Carmen Yulín Cruz estimates that some areas will remain without power for four to six months. As with many natural disasters, relief efforts are concentrated on the first few weeks after the disaster, but one company has prepped a long-term relief plan to ensure the victims of Hurricane Maria are not left abandoned in the weeks – and months – to come.
The Sodexo Stop Hunger Foundation today announced the opening of the application period for the 2018 Stephen J. Brady Stop Hunger Scholarships which will run from October 5 through December 5, 2017. The scholarship program urges students to apply to #Get5Give5 to help end hunger in their communities.
KeyBank Community Development Lending & Investment (CDLI) has provided a total of $46 million in financing to Dominium for the new construction of North Range Crossing, a 216-unit affordable multifamily project in Commerce City, CO. KeyBank arranged for the affordable housing and development company a $32.8 million construction loan and a $13.1 million equity bridge loan using tax-exempt bonds issued by the Colorado Housing and Finance Authority (CHFA) and an allocation of 4% LIHTC credits.
Congress is back from its August recess and will debate budget appropriations for fiscal year 2018 in the coming months. Thankfully, both the Senate and House Appropriations committees have approved maintaining funding for the Corporation for National and Community Service (CNCS), the federal agency that runs AmeriCorps and Senior Corps, and funds other national service programs. At Timberland, we believe strongly in the power of service, and we applaud this bipartisan support for national service.
Over the past two years, Cenovus has intentionally supported organizations and causes that have experienced increased demand during the downturn - focusing on basic needs, mental health and vulnerable populations with more philanthropically-motivated donations.
When the price of oil was around the $100 mark, the community investment team at Cenovus was carefully investing millions of dollars in three strategic areas that aligned with both the integrated oil company's focus areas (learning, safety and well-bring, and sustainable communities) and their business values.
Since PULSE was created in 2009, GSK has sent over 100 employees to work with Save the Children in more than 35 offices across the world. GSK embarked on an ambitious global partnership with Save the Children to help save one million children’s lives. Since then, the collaboration has been voted the most admired partnership for two consecutive years by the C&E Corporate-NGO Partnerships Barometer.
In recent years, companies have increasingly focused their CSR efforts on creating opportunities for women and girls. CSR gender efforts often start with a focus on bringing women “up to speed” through trainings, hiring quotas, and scholarships. For example, in the financial services sector, a significant number of companies have some portion of their CSR portfolio dedicated to financial literacy for women around the world. These investments focus on issues ranging from household finances to entrepreneurial business skills to salary negotiations.
Many corporate citizenship programs involve initiatives that reflect immediate problems (such as apprenticeship programs to fill near-term openings), the nature of their company (such as financial literacy), or local community needs (arts, athletics, etc.). In addition, though, some business leaders and corporations are addressing a social goal that is outside their business expertise and far beyond next year’s workforce projections. They are also taking a set of actions that tap into the whole array of corporate assets to solve a pressing problem.
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