LBG Canada releases the 2011 Annual Benchmarking Report
CALGARY, AB- With over $335 million invested into Canadian communities and 24,000 people contributing 238,689 volunteer hours across the country, the 2011 LBG (London Benchmarking Group) Canada benchmarking cycle represents significant growth. Today, the 37 participating companies together set the highest standard in community investment management, performance measurement and reporting in Canada.
Recently it was announced the American retail chain, Target, will be arriving in Canada. As consumers anxiously await the discount retailer’s arrival, Canadian companies such as Sears and HBC are preparing for the entrance of foreign retail competition.
While companies look to differentiate themselves among their US rivals, LBG Canada believes investing in communities is a valuable way for established retailers to stand apart from foreign competitors.
A quick overview on how to value your social investments
As the facilitator of LBG Canada, SiMPACT is aware of the many challenges community investment professionals often face day-to-day. Whether it is lack of staff support or handling a large number of requests for funding, a common stressor we also hear from professionals is how to respond when their CEO asks: What is the ROI of our community contributions?
Re: Globe & Mail Article: Sustainability performance a new essential
Often the primary focus of sustainability is environmental progress, but as the article states, social and governance are just as important to understanding a company’s overall management quality. Readers may not be aware, but there is a growing network of Canadian companies who come together to put the appropriate metrics in place to measure social performance indicators, around community investment and employee volunteering programs in particular.
(3BL Media / theCSRfeed) CALGARY, AB – On April 6 & 7, approximately fifty community investment professionals from a variety of Canadian corporations will gather at the annual LBG Canada Benchmarking Meeting, to examine how to maximize the value of their investments, measure their results and gain insight into the newest trends on strategic giving.
Once a year, the LBG Canada community comes together to discuss their management and measurement challenges, and to explore topics of interest at the Annual Benchmarking Meeting. The 2011 meeting will take place on April 6th & 7th, in Calgary, and will offer two dynamic sessions on Social Finance - New Tools to Invest in the Community and Investing in Aboriginal Communities.
Many companies have begun their response to the disaster in Japan. As contributions are made and initiatives undertaken, companies are faced with decisions about what portion of their budget to allocate and how they intend to mobilize their employees as part of the response.
In regards to these two decisions, LBG Canada, a group of companies representing the highest standard in community investment, reviewed how they responded in 2010 and found some applicable trends.
LBG Canada is a growing national network of over 100 Canadian community investment professionals working together to share best practices in community investment management, measurement and communications. Launched in 2005, LBG Canada provides companies with the tools & resources to improve the way community investment teams plan, evaluate and articulate the value of their programs.