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What makes a corporate responsibility (CR) program successful? Do an organization’s structure, staffing, budget impact success in achieving goals? What’s the effect of executive engagement in CR?
These are just a few of the questions CR Magazine and NYSE-Euronext have sought to answer over the past couple of years of research into CR practices. Thanks to strong response from the CR community, we’ve learned a few things about the state of corporate citizenship:
- Formal CR programs and lead CR roles are on the rise in organizations of all sizes and types: 72% of respondents have formal programs and 62% have lead CR roles.
- Dedicated budgets also are on the rise, and people say those budgets are rising: 60% have dedicated CR budgets, and 91% say those budgets have risen or stayed the same over the past two years.
- CEO valuation of CR is increasing: 86% of respondents say their CEOs believe CR is important; 72% of CEOs meet with CR leaders at least quarterly.
- Executive-level support for CR continues to grow: 66% of CEOs, and 34% of Boards, have driven a CR-related initiative in the past year.
- CR programs are expanding: 77% respondents say their CR programs will expand over the next three years through addressing more topics, increasing budget and staff.