LBG Canada the Importance of Auditing (Part II)

LBG (London Benchmarking Group) Canada is a network of companies seeking to maximize the impact of community investment – for society and for business. Together, LBG Canada companies set the highest standard in community investment management, performance measurement and reporting in Canada.

LBG Canada is currently in the middle of the 2014 Audit and Benchmarking cycle, with 95% of participants submitting their data for audit. So far this year, we have audited over 40,000 community investment transactions revealing $339 million in LBG Canada company investment and $48 million in external resources leveraged. Community investment auditing is an important process as it results in a clear understanding of the value of an overall community investment portfolio. We will be completing the 2014 LBG Canada benchmarking audit by the end of April and will communicate those results with our members at that time.

Our last infographic illustrated the importance of auditing community investment. The attached infographic illustrates how auditing helps companies build a common understanding and profile the value of all types (cash, in-kind, employee time, program management costs, external resources leveraged, etc.) of community investment.

For previous analysis on external resources leveraged, employee engagement and giving, please see previous infographics from this series. Visit our website at www.simpactstrategies.com or contact SiMPACT Strategy Group at 403.444.5683.