Monday, February 04, 2008

New Survey Uncovers Discrepancies on Corporate Citizenship Issues


A survey released by the Boston College Center for Corporate Citizenship (BCCCC) and The Hitachi Foundation shows CEOs and other executives support responsible corporate citizenship, at least in principle. The third biennial 2007 State of Corporate Citizenship in the US, "Time to get real: Closing the Gap Between Rhetoric and Reality," studies what CEOs and other business executives say they believe about the importance of corporate citizenship and what policies are actually in place at their businesses.

The BCCCC describes corporate citizenship as the commitment of companies to minimize risks, maximize benefits, and be accountable and responsive to stakeholders, while supporting strong financial results.

Although 73% of the 751 top executives surveyed said that corporate citizenship needs to be a priority for businesses, only 39% of the businesses include corporate citizenship as part of their business planning. An even smaller percentage of these businesses (28%) actually have written corporate citizenship policies or statements.

See full Article.