The index was developed by Giving West in collaboration with the London Benchmarking Group Australia & New Zealand (LBG), shows companies in WA continue to support community. As a percentage of the total contribution made to community, on average 54.2 per cent of support is in cash donations, 33.4 per cent in volunteer and pro-bono support while 12.4 per cent of support was through in-kind contributions.
“We’ve asked a selection of Western Australian owned or based companies to demonstrate, how despite a downturn in the economy, they continue to support community.” Mrs Veedikint said
Ajilon, Atlas Iron, Azure Capital, Bankwest, Deloitte, KPMG, Rio Tinto Iron Ore, Wesfarmers, and Woodside Energy feature in the 2015 WA Corporate Giving Index. The Index, which is based on a simplified version of the LBG methodology, captures cash, time and in-kind support as a percentage of the total community contribution of the companies as well as pre-tax profit contribution percentage.
“The report goes to show that corporate giving is not something Western Australian companies are doing only when times are good or for extra publicity. For many companies giving is aligned with their values, their strategy and very much a part of their corporate culture.
“In the last five years we’ve seen many Western Australian companies build volunteer programs, grant programs and sector collaborations on social issues and regional programs. The WA Corporate Index provides just a few examples of these amazing corporate community investment programs.
“The Index is not just a report to showcase corporate giving statistics and programs; it is a way to encouraging greater discussion and growth in corporate community investment and its measurement.
“We hope to encourage more WA companies to share their giving story, to provide new, innovative and leveraged solutions to create and maintain a better WA for all West Australians.” Mrs Veedikint said
For more information on the WA Corporate Giving Index please contact Giving West