Allstate Recognized as One of America's Top 15 Community-Minded Companies
Commitment to applying core business competencies to social impact programs extends philanthropic reach to millions
Allstate was recently recognized as one of America's most community-minded companies in The Civic 50 survey – the first comprehensive ranking of S&P 500 corporations that best use their time, talent, and resources to improve the quality of life in the communities where they do business. The survey was conducted by the National Conference on Citizenship (NCoC) and Points of Light, the nation's definitive experts on civic engagement, in partnership with Bloomberg LP.
"Allstate has a deep commitment to society," said Vicky Dinges, vice president of social responsibility with Allstate. "Support of issues that align with our core business competencies, such as teen safe driving and financial empowerment for domestic violence survivors, allows us to have greater impact. This approach enables us to reach more than 100,000 domestic violence survivors each year and work toward reducing teen driving related deaths 50 percent by 2015."
"NCoC is proud to be part of The Civic 50 launch," said Ilir Zherka, Executive Director of NCOC. "The Civic 50 demonstrates that the best companies in America are deeply committed to strengthening their respective communities. Leaders of these companies are aligning the expertise of their companies and people with the needs of their communities, and then measuring the impact of their programs. NCoC hopes The Civic 50 will spur companies throughout our country to do the same."
"As a company committed to community engagement and improvement, Bloomberg is proud to have partnered with the National Conference on Citizenship and Points of Light on this important ranking," said Norman Pearlstine, Chairman, Bloomberg Businessweek and Chief Content Officer, Bloomberg LP "The Civic 50 is a pioneering addition to the Bloomberg Rankings inventory. It features a comprehensive, transparent methodology to identify companies that have taken a leadership role in developing and implementing civic engagement programs. We believe it will raise awareness of the importance of a civic consciousness through the U.S. corporate world."
"Today, in the aftermath of Hurricane Sandy, we can see clearly how much corporate America pitches in – with expertise, talent, time and money – to help communities meet critical needs," said Jackie Norris, executive director of the Points of Light Corporate Institute. "In times of disaster and in relative calm, The Civic 50's work is transformative, innovative and critically important."
Companies were evaluated on seven specific metrics: leadership, measurement and strategy, design, employee civic health, community partnerships, cause alignment and transparency. Winning companies employed increasingly sophisticated tools to measure the impact of community engagement and alignment of these programs with their business' core competencies. More than two-thirds of the top 50 companies say they "frequently" or "always" use the professional skills of their workforce to address social issues and real community challenges. Sixty-six percent of the top 50 say they have "mission-level" alignment with the community partners, meaning they work with them on the highest strategic level, not just on individual programs or events.
An article about The Civic 50 looking at the philanthropic efforts of some of the top companies appeared in the November 12-18, 2012 issue of Bloomberg Businessweek. The full Civic 50 ranking is posted on www.businessweek.com at www.businessweek.com/interactive_reports/civic_50_2012.html.
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The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer, serving approximately 16 million households through its Allstate, Encompass, Esurance and Answer Financial brand names. Widely known by its slogan "You're In Good Hands With Allstate®," Allstate offers insurance products (auto, home, life and retirement) and services through Allstate agencies, independent agencies, and Allstate exclusive financial representatives, as well as via www.allstate.com and 1-800 Allstate®. As part of Allstate's commitment to strengthen local communities, The Allstate Foundation, Allstate employees, agency owners and the corporation provided $28 million in 2011 to thousands of nonprofit organizations and important causes across the United States.