Building consensus through collaboration
"CECP’s global efforts to advance transparency around reporting and benchmarking of corporate social investment are crucial to mount an effective response to the challenges facing business and society. The Global Compact strongly supports CECP's work which is fully aligned with our universal principles."
– Mr. Georg Kell, Executive Director, UN Global Compact
A multitude of people and organizations contributed resources and expertise to create the Global Guide.
Deloitte’s invaluable experience in designing global business impact standards and its extensive consulting, audit and tax knowledge make them an ideal consultant for researching and synthesizing the applicable tax codes, regulations, and reporting practices of firms around the world. Deloitte was engaged by CECP for the Global Corporate Giving Initiative on a pro bono basis. Barry Salzberg, CEO, Deloitte Touche Tohmatsu Limited is a member of CECP’s board of directors.
CECP is grateful to the following firms and institutions whose representatives reviewed our findings in December 2011 and provided feedback before the opening of the public comment period:
- AXA Financial
- Centro Mexicano Para la Filantropía
- Fosun International
- Royal Bank of Canada
- Social Venture Group (China)
Other Corporate Global Giving Organizations
CECP acknowledges the following organizations for their important work and significant contributions to the field of global corporate giving:
- United Nations Global Compact
- The Conference Board Research Working Group: Corporate Philanthropy With a Global Footprint
- The Council on Foundations: Global Grantmaking Institute
- The Council on Foundations: United States International Grantmaking (USIG)
- European Foundation Centre, AISBL
- The International Centre for Non-profit Law
- TechSoup Global
- Global Philanthropy Forum
- Taproot Foundation
- The Philanthropic Initiative
- Charities Aid Foundation
- Worldwide Initiatives for Granker Supports (WINGS)
- Donors Forum
- Sampradaan Indian Center for Philanthropy
- King Baudouin Foundation
Those who provided public comment
The public comment period was open from February 27th – April 9th. The analysis of all this input shaped the resulting Global Guide. Eighty comments were submitted with approximately 80 percent coming from companies and 20 percent coming from non-governmental organizations. Responses spanned North America, South America, Asia, and Europe. Our thanks to all those who took the time to review the proposed global valuation guidance and weigh in on the content.
Macquarie Group Foundation
“Macquarie Group Foundation has representatives located in several cities around the world with its headquarters based in Australia. With a multi-national reach in our giving, we are always keen to track and fully understand the value of our contributions worldwide. This is an excellent initiative which assists us in reaching a firmer understanding of how we compare to our peers across the field.”
“Even within our company there often times may not be full consensus on how to measure certain types of giving when reporting. With each foundation operating independently, there is a particular challenge in gathering relevant information to share as we seek collaborative partners in our efforts.”
“The key criteria in CECP’s Global Giving Initiative are highly aligned to our internal policies, allowing us to better benchmark where we stand as compared to other companies headquartered around the world.”
“Our company has operations in more than 50 countries and more than half of our employees work outside of the U.S. Given this, it is very helpful to have a consistent way to view benchmarking data on giving trends by other companies around the globe. We believe this adds to our effectiveness as a corporate citizen everywhere that we have facilities.”
Zurich Financial Services
"Zurich operates on a truly global basis, serving customers in more than 170 countries. And about as many disparate definitions seem to exist as to what constitutes a charitable organization, some for example impose income thresholds. As we continuously endeavor to better track and measure our global community investments, utilizing a single measurement across our group could significantly reduce the time invested into consolidating this data for our reporting."
“With a new standard, we would have the ability to quickly assess philanthropic value regardless of the country. Often times the legal definition of what constitutes public and charitable institutions is difficult to understand, even for those working on the inside.”