One organization works with companies to help global communities access safe water.
Clean water and access to sanitation are basic human rights, according to the U.N. However, for millions of people around the globe, having access to these necessities is nearly impossible. WaterAid is stepping in to help. The international non-profit organization seeks to improve the availability of safe water, hygiene products, and sanitation services. Through its partners, the company provided 2 million people with safe water and 3 million people with sanitation last year.
WaterAid CEO Sarina Prabasi says that the impact of clean water reaches many levels of society—some that people may not often consider.The effect of poor water quality specifically worsens the quality of life for women. "In many countries not having safe water means a young girl is collecting water instead of going to school.
Philanthropy Is a Team Sport
CECP report makes case for alignment of goals
By Dennis Schaal
One philanthropy trend parallels developments in the Corporate Responsibility (CR) arena as a whole: As in CR, many corporations are aligning their philanthropy with business objectives.
The Committee Encouraging Corporate Philanthropy (CECP) identified the synergy between philanthropy and business goals in a new report, “Business’s Social Contract: Capturing the Corporate Philanthropy Opportunity,” which was based in part on research conducted by McKinsey & Co.
In the McKinsey survey, which drew responses from 536 C-suite officials representing companies in North America, Europe, Asia-Pacific and Latin America, 56 percent of “efficient philanthropists” stated that corporate philanthropy is a very or extremely effective means of meeting business goals compared with 7 percent of “all other philanthropists.
CECP report finds two-thirds of companies hiked philanthropy in 2007
By James C. Hyatt
Corporate philanthropy at many companies rose in 2007 despite an uncertain economy.Research by the Committee Encouraging Corporate Philanthropy (CECP) found that “giving by large, multinational corporations increased by 5.6 percent, from a median of $24.67 million in 2006 to a median of $26.05 million in 2007.”Among other findings:
- Two-thirds of companies increased their giving in 2007 over 2006, while 34 percent reduced giving; a similar survey a year earlier found 56 percent of companies boosted contributions in 2006 over 2005.
- 56 percent of companies reporting lower profits increased their giving.
- Of the eight companies in this sample who experienced losses in 2007, seven still increased their giving.
“The weakening economy did not seem to play a significant role for most companies’ giving in 2007,” the report said.
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