cover image: Corporate Citizenship in a Time of Uncertainty Updated 26 May 2023

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Corporate Citizenship in a Time of Uncertainty Updated 26 May 2023

30 May 2023

Corporate Citizenship in a Time of Uncertainty Updated 26 May 2023 Corporate citizenship departments are often considered the business world’s equivalent of first responders in times of crisis.1 The combination of an economic slowdown, high inflation, geopolitical instability, social upheaval, and recurring natural and man-made disasters has created an environment of unpredictability and volatilit. [...] Measure and Report on the ROI of Citizenship to the Company to Demonstrate Value During Economic Uncertainty Recent data from The Conference Board show that an economic downturn is the number one external factor that CEOs and C-suite executives around the globe expect to affect their businesses this year. [...] Promote Stronger Collaboration with Internal and External Stakeholders, to Improve Effectiveness, Efficiency, and Sustainability In a time of multiple crises, internal partnerships can ensure buy-in to the work corporate citizenship functions are undertaking, pooling of resources, and more effective harnessing of the company’s capabilities for societal impact. [...] 5 Corporate Citizenship in a Time of Uncertainty ConferenceBoard.org Embrace a Long-Term Global Perspective in Citizenship Efforts According to The Conference Board C-Suite Outlook survey of CEOs and C-suite executives, the impact of geopolitical volatility on business is a rapidly rising concern for CEOs worldwide. [...] Strengthen Governance and Management Practices for Citizenship to More Effectively Respond to Recurring Disasters and Challenges As documented in a recent series of briefs by The Conference Board, the governance and management of corporate citizenship have evolved in tandem with deeper shifts in how the function operates and engages.
Pages
11
Published in
United States of America

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