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Corporations Can Compete for Best CSR Practices

microsoft
IMG: Peteri / Shutterstock.com

We’re seeing more and more corporations these days encouraging and becoming more involved in philanthropy. Corporate Social Responsibility is growing in the business world as the American public has come to expect companies to do their part and give back to the community.

Each year, the Ethical Corporation awards the Responsible Business Awards to corporations that are at the top of the CSR game. By receiving one of their many awards, corporations not only gain recognition as a leader in CSR, they also get the acknowledgment they deserve for their responsible business practices and have the chance to network with other like-minded responsible corporations.

Considering how many corporations have developed outstanding CSR programs in the past few years, awards like this are both competitive and inspiring. CEOs for companies like Microsoft, Moody’s, Starbucks, and Goldman Sachs have strongly encouraged philanthropic activity among employees through gift matching and promoting volunteer opportunities.

For example, one of the most innovative scholarship programs is Moody’s Mega Math Challenge, or M3. The competition is put on by Moody’s, which is run by CEO Raymond McDaniel. Any high school junior or senior can participate in the challenge, which asks students to use applied mathematics to solve real-world problems. Teams of 3 to 5 students work together for fourteen hours to solve the problem, using only publicly available resources and data. A total of $115,000 in scholarships will be awarded this year.

Companies competing for the Ethical Corporation’s Responsible Business Awards can be considered for several categories of CSR, including Best Employee Engagement, Best B2B Partnership, Lifetime Achievement Award, and more. The judging panel includes a variety of personalities and backgrounds, such as Daniel Franklin of The Economist and Mike Barry from Marks and Spencer. Last year’s winners include the likes of Heathrow, Timberland, Marks and Spencer, and Coca-Cola.

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Organizations Profiles

Moody’s Supports Women’s World Banking (WWB) Program

WWB
IMG: via WWB

Becoming an expert in microfinance is no easy feat, even if an individual has the resources to cover his or her education and training. Without resources, this task is extremely difficult. The Women’s World Banking Program (WWB) recognizes the obstacles women in difficult situations face in order to accomplish their goals. Microfinance is a career path that aims to help poor and near-poor households become self-sustaining and successful.The WWB provides micro-entrepreneurs and small businesses without access to banking services the financial support they need to succeed. Moody’s Corporation and CEO Ray McDaniel recognize the value that the WWB contributes to society and supports the organization.

To read more about the Women’s World Banking Program (WWB), click here!

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Profiles

Prominent People in Philanthropy: Raymond McDaniel

Moody's CEO Raymond McDaniel
IMG: via moodys.com

Raymond McDaniel is a heavy hitter in the world of philanthropy, if only because as CEO of Moody’s Corporation he is responsible for many of the decisions that the company makes in its corporate social philanthropy program.  However, he is quick to assure people who ask that,  while he may be in charge of the company, much of the support for the programs that Moody’s Corporation leads comes from the employees themselves.

“The apparatus that we have here for creating visibility around our programs, and that encourages employees to participate in the programs, works very well,” Raymond McDaniel explained to Leaders Online Magazine in an interview. “Our employees know that Moody’s is involved in it and that it’s a good thing to do. The participation levels are strong. So I very much support what we’re doing, but I don’t think I need to drive momentum behind this. We’ve already got momentum behind this.”

Read the rest of his profile here.