Latest news with #corporatepurpose
Associated Press
21-05-2025
- Business
- Associated Press
CECP Summit 2025: Unleash the Power of Purpose
NEW YORK, May 21, 2025 /3BL/ - This week, Chief Executives for Corporate Purpose © (CECP) is bringing together nearly 200 senior social impact, corporate responsibility, and sustainability leaders from the world's leading global companies for the 22nd annual CECP Summit: Unleash the Power of Purpose. This vital network of corporate leaders is engaging and learning together at the event, navigating an agenda that delivered powerful insights on trends, strategic partnerships, and how purpose powers performance in business. The variety of session topics reflect the many complex issues companies are currently facing in social impact and sustainability including navigating socioeconomic change, employee engagement, strategic partnerships, non-financial reporting, the ROI of corporate foundations, disaster response, measuring social investments, and more. 'The leaders gathered at this week's CECP Summit play a pivotal role in bridging corporate purpose with business performance—strengthening customer loyalty, enhancing employee engagement, building brand trust, attracting top talent, and fostering investor confidence,' said Daryl Brewster, CEO, CECP. 'Through CECP's unparalleled insights, benchmarking, executive convenings, and strategic counsel, we empower these leaders to embed purpose into their company's strategy, driving long-term sustainable value while advancing their role as responsible corporate citizens in an increasingly complex world.' The Summit includes the presentation of the Charles H. Moore Award for Leadership in Corporate Community Engagement. The 2025 'Charlie Award' was presented to Joan Steinberg, Global Head of Philanthropy and President of the Morgan Stanley Foundation. The award is named in honor of CECP's founding Executive Director and is presented to senior leaders who exemplify perseverance in the pursuit of societal advancement, the trait for which Charlie Moore was best known. 'It is an honor to receive the Charles H. Moore Award, as Charlie championed the power of business doing well by doing good,' said Steinberg. 'I want to thank CECP for its partnership in pushing for more urgent action across sectors to help address the children's mental health crisis and fill the substantial funding gap on this critical issue.' Steinberg also serves as the CEO of the Morgan Stanley Alliance for Children's Mental Health, which was established in February 2020 to address the escalating crisis in children's mental health through growth capital, capacity building, seed funding, and thought leadership, reaching over 52 million people globally since its launch. After nine years in the nonprofit sector, Steinberg joined Morgan Stanley in 1997. She currently oversees the Firm's global philanthropic programs, including strategic planning and execution, employee engagement, and corporate and Foundation grantmaking. She has more than quadrupled the Firm's giving, created programs for over 80,000 global employees, and expanded the philanthropic geographic outreach to serve more communities. At the CECP Summit, attendees will receive the first look at data from CECP's 2025 Giving in NumbersTM Survey. Giving in Numbers is the unrivaled leader in benchmarking on corporate social investments, in partnership with companies. Over 24 years, CECP has created the largest and most historical data set on trends in the industry, shared by more than 650 multi-billion-dollar companies, representing more than $510 billion in corporate social investments over that time span. The Giving in Numbers report, based on the survey data, is celebrating its 20th anniversary this year by recognizing companies that have taken part every year in that timespan, telling their community investment story, and gathering their feedback on the future of the report. The CECP Summit offers an unparalleled line up of speakers including: CECP thanks its sponsors for their generous support of the CECP Summit: Blackbaud, Exelon, State Farm, Fidelity Investments, and Wynn Resorts. CECP also congratulates the 2024-2025 Company Spotlight honorees: Abbott, Amgen Foundation, Vanguard, Applied Materials, Bank of America, United Health Foundation, Best Buy, Cisco, Zoetis Foundation, Discovery Education, Otsuka, and Wells Fargo. On a quarterly basis, CECP selects companies for the Company Spotlight through a thoughtful information-sharing and communications-support process. Company Spotlights are shared over 2,000 affiliated corporate leaders, posted on the CECP website as case studies for other affiliated companies, and recognized at the CECP Summit. Following the conclusion of the 2025 CECP Summit, CECP will be posting on its website photos, videos, guest blogs, and an Executive Summary. The application process for the 2026 Charlie Award is open. Nominate a peer senior leader in corporate responsibility today. The deadline is August 30. The application can be accessed here or by emailing CECP. About Chief Executives for Corporate Purpose (CECP) Chief Executives for Corporate Purpose® (CECP) is the only nonpartisan business counsel and network dedicated to driving measurable returns on purpose. We promote responsible purpose-driven business as it increases customer loyalty, builds employee engagement, improves brand trust, attracts top talent, connects with strategic investors, and contributes to the bottom line. More than 200 of the world's leading companies seek to improve their return on purpose through access to CECP's solutions in research and insights, strategy and benchmarking, and convening and communications. With our companies, we harness the power of purpose for business, stakeholders, and society. For more information, visit ### CECP Media ContactKatie Leasor [email protected] Visit 3BL Media to see more multimedia and stories from Chief Executives for Corporate Purpose (CECP)
Associated Press
14-05-2025
- Business
- Associated Press
Annual Benevity State of Corporate Purpose Report Finds Purpose Remains a Strategic Contributor to Business Success
CALGARY, Alberta, May 14, 2025 /3BL/ - Today, Benevity Inc. released its fifth annual State of Corporate Purpose Report during the Benevity Live! conference in Palm Springs, California. The report shows that while corporate social responsibility (CSR) has become significantly more complex and cross-functional, it continues to be a measurable, strategic contributor to business success and 2025 report reflects a defining moment for corporate purpose, with nearly two-thirds of companies having significantly shifted their corporate purpose strategies in the past year, tapping into new opportunities, and increasing budgets while responding to rising scrutiny and regulatory shifts. 'This year's data reveals a deep tension in the corporate purpose space–one where CSR leaders are clear on the business value of their investments but are struggling with how to execute it to its maximum potential in a charged environment,' said Sona Khosla, Chief Impact Officer of Benevity and Head of Benevity Impact Labs. 'CEOs have a vital role to play in maintaining corporate trust and building business resilience by sustaining investment in purpose or risk declining revenue and loyalty from increasingly discontented employees and customers.' For the fifth consecutive year, the State of Corporate Purpose study was conducted by Benevity Impact Labs, a social innovation lab and research hub. The annual survey included more than 500 corporate impact leaders from around the globe. The data shows that corporate social impact is maturing as it becomes an enterprise-wide endeavor but remains a critical strategy for building business and employee resilience. According to the 2025 Benevity State of Corporate Purpose Report, as external pressures and complexities increase in the CSR and social impact space, several key trends are at work and expected to influence and shape corporate purpose perspectives, strategies, and implementations in 2025. 'Leaders across the board are adjusting the way they talk about corporate impact. They are still doing the work but are adapting their narratives to meet the moment and working more cross functionally to do so,' said Khosla. 'In 2025, corporate communications will be a key partner for CSR teams. Two-thirds expect to engage with corporate communications teams more, and 30% expect to do so a lot more.' 'More than 23 million volunteer hours were tracked across the Benevity Enterprise Impact Platform in 2024,' said Candace Worley, Chief Product Officer for Benevity. 'Volunteering is emerging as a critical component of building more resilient companies and cultures as we continue to experience the increasing pace of both technological and workplace change.' 'In an era of distrust and polarization, these numbers represent a real opportunity for companies to lean into ERGs as a powerful and authentic way to sustain inclusion efforts amidst a changing regulatory and legal environment and strengthen business resilience,' said Khosla. 'As everyone works through the opportunities that responsible AI can offer, our State of Corporate Purpose study found that 82% of companies believe nonprofits require more corporate support to bridge the AI gap,' commented Ian Goldsmith, Chief AI Officer for Benevity. 'As corporations advance their AI capabilities, they have a unique opportunity to offer technical expertise, fund AI-driven tools, and provide skill-sharing with nonprofit partners.' Insights for navigating the current environment and trends in the 2025 State of Corporate Purpose Report included: driving efficiency and measurement into core CSR programs, strengthening internal and external narratives around CSR to more clearly connect purpose to company values, maintaining employee choice in giving and volunteering, and investing in more holistic direct support for nonprofits and communities infrastructure needs. This week at Benevity Live!, further insights offered by Khosla, other Benevity executives, and impact practitioners from around the world focused on the challenges and opportunities for CSR and social impact today – and how purpose is connected to business success. The full 2025 Benevity State of Corporate Purpose Report may be found Benevity Benevity, a certified B Corporation, is the leading global provider of social impact software, providing the only integrated suite of community investment and employee, customer and nonprofit engagement solutions. Recognized as one of Fortune's Impact 20, Benevity provides a robust, all-in-one SaaS platform designed to simplify and scale CSR and social impact programs. The platform unifies giving, volunteering, grants management, and employee mobilization - empowering companies to connect purpose with measurable business results. Benevity has processed more than $18.5 billion in donations and 99 million hours of volunteering time to support 513,000 nonprofits worldwide. The company's solutions have also facilitated 1.5 million acts of goodness and managed grants worth $18 billion. For more information, visit About Benevity Impact Labs Benevity Impact Labs is a social innovation lab that brings new data, research and insights to help companies, nonprofits and individuals accelerate their impact and inclusion efforts. With unparalleled access to the world's most iconic brands, Benevity Impact Labs combines Benevity's robust data and insights with third-party research to report on the top trends shaping corporate purpose and to provide measurable proof of the value of social impact. Media Contact:Indrani Ray-Ghosal│ Press & Analyst Relations │ 1.647.574.9559 │ [email protected]
