Named a Leading Global Brand in Corporate Responsibility and Social Investment
In the largest corporate social engagement survey of 258 companies, CECP findings reveal stable rates of corporate giving across the US
New York, NY—CECP: The CEO Force for Good, in association with The Conference Board, has released their annual Giving in Numbers Report which names Time Warner Inc. an industry leader in corporate giving and corporate social responsibility programs. The Giving in Numbers Report is one of the largest, most robust and internationally-recognized report on corporate social engagement.
Time Warner ranked in the top 25% of companies in the Giving in Numbers Report when measured based on total giving. Companies in the top 25% reported giving at least $53 million in 2016. The median total giving in 2016 among all 258 respondents was $19 million.
“At Time Warner, it is in our company culture to serve and strengthen the communities in which we live, and we have supported our most valuable resource, our employees, in doing this important work.” said Lisa Quiroz, Senior Vice President, Cultural Investments. “I am very proud of the causes and organizations Time Warner championed over the course of 2016, and I am especially proud of our groundbreaking work in supporting greater diversity in arts and culture. We are honored by this recognition.”
“This last year has been marked by unprecedented global challenges and widespread uncertainty, yet the business community has consistently stepped up when called to task,” said Daryl Brewster, CEO, CECP. “Giving in Numbers delivers vital lessons on how leading companies are effectively addressing social issues, and plots a course for corporations in pursuit of social equity.”
Time Warner and its Divisions are committed to supporting and investing in a number of nonprofits that support a broad range of artistic, cultural and humanitarian causes. The Company also invests philanthropic dollars in funding organizations and initiatives that expand access and cultivate opportunities for diverse artistic communities around the country.
The Company also provides year-round volunteer opportunities, initiatives and events for employees. Home Box Office, Turner and Warner Bros. each host dedicated volunteer days and weeks, providing coordinated volunteer activities with local and global nonprofit organizations attended by thousands of employees across the Company. The “Volunteer Time Program” lets employees take up to 40 hours of paid time each year to volunteer and contribute to nonprofit organizations, while under its Employee Grants program Time Warner matches employees’ charitable donations dollar for dollar up to a specified amount. Time Warner also sponsors employees and their families and friends who participate in fundraising events such as the Bronx Zoo’s Run for the Wild. Funds from the run/walk event directly support the efforts of the Wildlife Conservation Society.
A tradition for over 30 years, Time Warner honors employees who have made exceptional contributions to public service in their local communities and around the world through its annual Richard D. Parsons Community Impact Awards, named after former Time Warner chairman and CEO Richard D. Parsons, an advocate for underserved communities, philanthropic causes and charitable institutions. Winners of the Community Impact Awards receive a financial donation to the charitable cause of their choice.
Giving in Numbers has been the leading study on the funds, resources, and skills that companies invest in globally to solve pressing societal challenges for over ten years. Read the full Giving in Numbers report here: http://cecp.me/CECPGIN
About Time Warner Inc.
Time Warner Inc., a global leader in media and entertainment with businesses in television networks and film and TV entertainment, uses its industry-leading operating scale and brands to create, package and deliver high-quality content worldwide on a multi-platform basis.
About CECP: The CEO Force For Good
CECP is a CEO-led coalition that believes that a company’s social strategy—how it engages with key stakeholders including employees, communities, customers, and investors—determines company success. Founded in 1999 by actor and philanthropist Paul Newman to create a better world through business, CECP has grown to a movement of more than 200 of the world’s largest companies that represent $7 trillion in revenues, $18.6 billion in societal investment, 13 million employees, and $15 trillion in assets under management. CECP helps companies transform their social strategy by providing customized connections and networking, counsel and support, benchmarking and trends, and awareness building and recognition. http://cecp.co/