IN THE SPOTLIGHT
According to the Grant Thornton International Business Report, U.S. private companies rank highest in donating to community causes and charities and in participating in community activities.
When asked what drives them to adopt a corporate responsibility policy, 65% of companies around the world listed recruitment and retention pressures, and 63% listed cost management concerns.
In the U.S., 59% listed recruitment and retention pressures and 53% ranked cost management as the most important drivers. Only 21% of U.S. companies - the lowest ranking of all the countries surveyed - said saving the planet was an important driver.
The most common CSR initiative undertaken in the last year was actively promoting work force health and well-being.