October 9, 2009
Businesses Support Corporate Citizenship Efforts During Recession
Despite the recession, U.S. businesses continue to focus on corporate citizenship practices, according to a study by Boston College’s Center for Corporate Citizenship and The Hitachi Foundation. Fifty-four percent of business leaders report that attention to corporate citizenship efforts is even more important in a recession.
The study, 2009 State of Corporate Citizenship in the United States, reveals that the majority of U.S. companies are not making major changes in their corporate citizenship practices. Among those which made changes, 38 percent reduced philanthropy/giving, 27 percent increased layoffs, and 19 percent….
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