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Corporate Social Responsibility
News
4.21.2006 ET
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CSR News from:
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Companies Seek Greater Impact Through Community Programs
(CSRwire) Calgary-- SiMPACT Strategy Group announced today that ten companies
have launched LBG Canada, a member-driven association of
companies seeking to maximize the impact of their corporate community
involvement programs.
The companies leading LBG Canada's development are: ConocoPhillips
Canada, Direct Energy, Enbridge Inc., EPCOR, First Calgary Savings, Home
Depot Canada, Petro-Canada, TELUS, TD Bank Financial Group and
TransCanada Corporation. Their work is founded upon twelve years
of development by the London Benchmarking Group (LBG) in the UK.
"There is a growing corporate interest in maximizing the impact of
corporate community involvement - for the community partner and for the
business. Using the LBG Model is a big step towards ensuring this is
achieved," said Stephanie Robertson, Founding President of SiMPACT. "The
LBG is a structured process that includes goal-setting, clarity on the
investment required to achieve a desired outcome and then performance
measurement of the result. In adopting this approach, LBG Canada members
create more value, which they can communicate to key stakeholders more
effectively."
"Centrica, Direct Energy's parent company, has been a member of the LBG in
the UK since 2000. This has resulted in significant improvements in
community program management, evaluation and reporting," said Jasmina
Mihajlovska, Director of Corporate Social Responsibility. "The LBG Model
is a proven framework that enables us to gain a better understanding of
the combined impact of our investments through consistent valuation and
performance measurement."
Used by more than one hundred companies in the UK to value community
investment at local, national and international levels, use of the LBG is
also expanding to Australia, USA, Czech Republic, Italy, with initiatives
also in development in Spain, Germany and France.
"What has been missing up to now is a consistent approach for companies to
measure and report on the impact of their community investment programs,"
said Mel Wilson, Associate Partner, PricewaterhouseCoopers LLP. "The LBG
Model offers this approach."
For more information please visit: www.lbg-canada.ca.
BACKGROUND:
Ten companies have launched LBG Canada, a member-driven
association working towards a higher standard in the management, valuation
and performance measurement of corporate community involvement programs in
Canada.
The LBG Model the most comprehensive and widely-used management framework
to manage, value, measure and benchmark corporate community involvement
programs internationally. ConocoPhillips Canada, Direct Energy,
Enbridge Inc., EPCOR, First Calgary Savings, Home Depot Canada,
Petro-Canada, TELUS, TD Bank Financial Group and TransCanada
Corporation are integrating the LBG Model into their community program
management systems.
About the LBG Model
The Model is a business management framework used by more than one hundred
companies in Britain. Its use is expanding internationally to countries
such as Australia, the USA, the Czech Republic, Italy, France, and now
Canada.
Launched in 1994 by six London-based corporations (Marks & Spencer,
Unilever, BP, Diageo, IBM, Whitbread), the founders sought to ensure that
their community program investments were creating value. Today, the LBG
Model is an internationally-recognized program development and performance
measurement framework, as well as an accounting standard to value all
investments into community programs including cash, in-kind goods, staff
time and program management costs. In Canada, use of the LBG Model is
facilitated by the SiMPACT Strategy Group.
Use of the LBG Model enhances a company's ability to report their
community investments and program results in a globally-accepted,
accurate, and standardized fashion. Use of the Model will enhance
corporate responsibility (CSR) and/or sustainability reporting. It can
also enhance reporting to standards such as Global Reporting Initiative
(GRI) as well as responses to CSR and sustainability questionnaires.
About SiMPACT Strategy Group Inc.
SiMPACT Strategy Group Inc. is a specialist agency in social impact
management and is based in Calgary, Alberta. SiMPACT's President,
Stephanie Robertson, initiated LBG Canada after working
closely with many of the 100 + blue-chip members of the London
Benchmarking Group. Between 1999 and 2004 Stephanie was a
consultant with The Corporate Citizenship Company in London, England and
led the development of the Business in Society Program at London Business
School.
SiMPACT's expertise includes tracking and managing social impact across
the business to building in-house expertise on management tools such as
the London Benchmarking Group (LBG) Model and social return
on investment (SROI) analysis. LBG Canada is now part of a
growing international group of companies using the LBG Model
for the management, valuation and performance measurement of their local,
national and international community programs.
For more information: Visit: www.lbg-canada.ca or contact Blythe
Butler, Communications and Program Development, SiMPACT Strategy Group,
(403) 444-5682, blythe@simpactstrategies.com.
For information on the London Benchmarking Group in the UK visit www.lbg-online.net.
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