Media Release: 2014 WA Corporate Giving Index
Community investment for sustainable futures
West Australian companies are building sustainable futures through awareness, education and employment programs.
Corporate community investment programs are becoming an important part of company strategies with an increased focused on the shared value of supporting community, and development of long term partnerships that enhance a community, service or Not-for-Profit organisation. Foundations and Grants programs are being created to better manage giving programs, creating more structured long-term partnerships with Not-For-Profit organisations; transitioning from year-by-year programs to 3-5 year partnerships.
In the 2014 WA Corporate Giving Index (Index), 22 companies and organisations showcase their corporate community investment and community partnerships. Across the participating companies the Index profiles programs that support: Arts; Community Infrastructure; Digital Accessibility; Education; Environment; Health; Homelessness; Indigenous; Mental Health; National disaster relief and recovery; Regional sustainability; and Youth.
Since early 2012, Giving West, in collaboration with LBG Australia & New Zealand (LBG), have developed and encouraged WA companies to participate in the Index. The Index is based on a simplified version of the LBG methodology capturing cash, time and in-kind as a percentage of total community contribution; as well as pre-tax profit contribution percentage. Of the companies that supplied contribution data in 2014, they reported on average 55.4% Cash, 17.2% Time and 26.7% In-Kind contributions, as a percentage of the total contribution the company has invested in community.
“By showcasing WA corporate giving statistics and programs, we hope to encourage greater discussion and growth in corporate community investment and its measurement. Companies are in a position to develop a stronger corporate giving culture; leading to better and more sustainable impacts in the WA community” said Kevin MacDonald, CEO Giving West.
Nationally in the 2014 LBG annual benchmark report member companies reported over $188 million in community investments through the standardised LBG model. For the first time since 2008, social welfare received the lion’s share of contributions (25%) ahead of education/young people (22%) and health (16%) which have dominated previous year’s reviews.
“Our members are also becoming more strategic in their investments; they are increasingly looking for true partnerships with mutual benefits. In 2014, 61% of contributions were made towards long-term projects as opposed to one-off charitable donations which comprised 25% of donations, with commercial initiatives at 15%,” said Simon J Robinson, LBG Director.
Full details of the WA corporate giving index report can be found at:
The WA Corporate Giving Index is produced annually. For more information on how to sign up to the WA Corporate Giving Index please contact Giving West
For more information on LBG's annual review report, methodology or membership please contact LBG Australia & New Zealand: www.review.lbg-australia.com
Photo credit: The West Australian