Raytheon Recognized for Commitment to Community
Passionate employees who volunteer in local communities; a focused strategy addressing math and science education; and support for U.S. Armed Services have won Raytheon a place in
The Civic 50 ranking of most community-minded companies.
The annual survey conducted by the National Conference on Citizenship (NCoC) and Points of Light, and published by Bloomberg News, identifies and recognizes companies for their commitment to improve the quality of life in the communities where they do business.
Raytheon was evaluated on several criteria, including:
- How much financial and human resources are applied to civic improvement;
- Whether internal and external resources are activated to maximize community impact;
- How its community engagement activities support its business interests;
- How broadly community engagement is supported and institutionalized within the company's policies, systems and incentives; and
- How the company measures the social and business value of its community engagement programs.
Raytheon was highlighted in the report for integrating its civic initiatives into its business strategy and measuring the impact of those community engagement programs.
"The results of this year's Civic 50 survey show that even the most civically engaged companies are doing more to make community engagement a top priority and a permanent aspect of their business strategy," said Michael Weiser, chairman of the board, National Conference on Citizenship and Neil Bush, chairman of the board, Points of Light, in a joint statement. "These 50 companies are showing others in the private sector how to boost the bottom line and make the world a better place."
What is�The Civic 50?
Launched in 2012, The Civic 50 is a national initiative to survey and rank S&P 500 corporations on how they engage with the communities they serve and institutionalize these practices in their corporate culture. Specifically, The Civic 50 recognizes companies seeking to best use their time, talent and resources to improve the quality of life in the communities where they do business.
To identify the 50 most community-minded companies in the nation.
- The business sector plays a critical role in promoting community engagement.
- Working in partnership with government, nonprofits and individuals, corporate leaders should focus their community engagement programs (CEP) on solving community problems by effectively contributing the expertise and resources of their businesses and employees.
- A corporate culture of civic engagement is institutionalized when a business aligns its CEP strategy with its underlying business competencies.
Last Updated: 10/27/2014