We invest in our communities because it is the right thing to do. Reinvesting in the sustainability of our local cities is meaningful not only to those directly impacted, but also to our people.
Our people want to be part of an organization that cares about them and their professional development. But they also want to be part of a firm that cares about the world in which we all live. (For example, 80% of new recruits say they want to do something that is socially responsible.) Giving makes us better people. And better people make us a better firm.
We believe PwC can play a transformative role in addressing today’s social, business, and environmental challenges. In 2008, we began thinking more strategically and refined our overall CR approach, which continues to grow and evolve. In recent years, for example, we have worked to focus our financial giving in a way that is more aligned with our primary cause area of youth education and developed meaningful partnerships with charitable organizations that can rely on more significant contributions and multiple touch points throughout the year. Together, these efforts have led to our firm donating 54% more money to fewer organizations – from 4,700 organizations in FY08 to 1,400 in FY11.
Even in tough economic times, we have continued to focus on our communities, offering our people numerous opportunities to develop and apply their leadership skills beyond their everyday work. Our partners and staff are active in the community on their own time and sit on hundreds of non-profit boards across the country. Additionally, we provide our staff with 10 hours of paid time off each year to volunteer at organizations of their choice and unlimited paid time off for firm-sponsored community programs. Leveraging the collective power of our 33,000 partners and staff, in FY11, our people volunteered over 80,000 hours, valued at nearly $18.3 million.