HP Recognized for Its Civic Engagement by Bloomberg and Points of Light
HP is among the top companies named in Bloomberg Businessweek’s “The Civic 50,” the first scientific evaluation of companies that best use their time, talent and resources to improve the quality of life in the communities where they do business.
HP ranked No. 28 on the list of S&P 500 companies that were surveyed by the National Conference on Citizenship and Points of Light, groups that promote civic engagement. Companies were judged on seven criteria:
- Program structure and the metrics used to evaluate its success
- Involvement of top leadership
- Participation of corporate departments in program activities
- Working with partners such as nonprofits
- Contributing to employees’ personal growth
- Alignment of causes with core competencies and workforce skills
- Ability to communicate their work to the public and share best practices
According to Bloomberg, winning companies employed 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 said they “frequently” or “always” use the professional skills of their workforce to address social issues and real community challenges.
At HP, we apply our knowledge and expertise to make an impact in the areas of education, entrepreneurship and health. In 2011, HP employees and retirees gave more than 744,000 hours to volunteer projects and those employees who participate in skills-based volunteer events organized by HP or HP employees are 59 percent more likely to feel that HP is a “great place to work.”
Since 2007, HP and our employees have also donated $30 million through the Hewlett-Packard Company Foundation, which matches employee gifts up to $1,000 per employee each year to qualified nonprofits.
The entire scorecard of America’s most community-minded companies was published in the Nov. 12-18 issue of Bloomberg Businessweek. For more on The Civic 50, visit here: http://www.businessweek.com/interactive_reports/civic_50_2012.html.
