Insurance giant IAG has been named as the company with Australia’s best workplace giving and corporate social responsibility policies, according to a survey conducted by volunteer-matching social enterprise GoodCompany.
The ‘Best Workplaces to Give Back’ survey asked companies across a range of sectors about their internal practices around workplace volunteering, payroll giving and community-based sponsorships.
They were also asked about CSR commitments across a range of social and environmental areas such as diversity, reconciliation action plans, green energy targets and recycling programs.
The aim of the survey was to encourage more companies to adopt innovative community-focused policies by recognising businesses that are leading the way in this area.
Each company was ranked based on three criteria: the size of its workplace giving or CSR programs, the broader context in which the programs were running and the unique social innovations adopted by the business.
IAG led the pack, with Origin, NAB, Westpac and Optus rounding out the top five spots in the survey. Each of the top five companies have demonstrated a strong commitment to volunteering, payroll giving, fundraising, sponsorship and other social initiatives.
Of the top 40 companies on the list, 88% offer paid volunteer leave, with 61.4% of the companies offering a budget to support volunteering. While the majority (65.9%) give employees a single day to volunteer, 21% offer two or more days.
Additionally, almost two-thirds (64%) of the top 40 companies offer payroll giving, with 81.2% matching the employees’ donations to some level and 15% offering uncapped matched giving.
GoodCompany CEO Ash Rosshandler said that he hopes that the ‘Best Workplaces to Give Back Index’ becomes an important accolade for companies to vie for, tapping into the natural competitiveness of Australian companies.
“We believe that this can become a real indicator of a company’s success. Just as their yearly profits are viewed as a success measure, so too will their focus on contributing to the community around them,” Rosshandler said.
The survey is also intended to provide a guide to nonprofits looking to partner with businesses that are receptive to their social mission, and to make it easier for potential employees to find a workplaces that share their social values.
“Many professionals are looking for workplaces with meaning. But it’s not easy to find out which companies share the same values as they do. They are keen to give back to communities that they feel passionate about,” Rosshandler said.
“We want charities to learn which companies can support them and in what ways. As GoodCompany works with over half of the companies listed, we also hope charities will contact us to see how we can best connect them to these companies to meet their funding, volunteering and sponsorship needs. It’s encouraging to see how important giving back to those in need has become to companies of all shapes and sizes in Australia.”
“This shows a deeper commitment to meeting the needs of charities as many of the skilled volunteering projects require more than a day to create an impact.”
The top 40 good companies:
6. Flight Centre Travel Group
10. Small Giants
11. Commonwealth Bank
12. CSL Limited
13. Toyota Australia
14. Fuji Xerox Australia
15. VIVA Energy Australia
16. Zurich Financial Services Australia
17. Corrs Chambers Westgarth
18. Pandora Jewellery
20. nbn co
21. Konica Minolta Australia
23. nib health funds
24. Pro Bono Australia
25. Netwealth Investments Limited
26. Event Hospitality & Entertainment
29. Spotlight Holdings Group
32. Stone & Wood Brewing Co.
33. Gilchrist Connell
34. Variance Infotech Pty Ltd
35. American Express Global Business Travel
36. QBE Insurance
38. Stone & Chalk
39. Synchronicity Consulting t.a. Spark Strategy
40. PageUp People Limited
For more information about the survey, visit www.goodcompany.com.au