Time Warner Inc. Recognized by CECP: The CEO Force For Good
November 06 2017 - 11:35AM
Business Wire
Named a Leading Global Brand in Corporate
Responsibility and Social Investment
In the largest corporate social engagement
survey of 258 companies, CECP findings reveal stable rates of
corporate giving across the US
CECP: The CEO Force for Good, in association with The Conference
Board, has released their annual Giving in Numbers Report
which names Time Warner Inc. an industry leader in corporate
giving and corporate social responsibility programs. The Giving in
Numbers Report is one of the largest, most robust and
internationally-recognized report on corporate social
engagement.
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Time Warner ranked in the top 25% of companies in the Giving in
Numbers Report when measured based on total giving. Companies in
the top 25% reported giving at least $53 million in 2016.
The median total giving in 2016 among all 258 respondents was $19
million.
“At Time Warner, it is in our company culture to serve and
strengthen the communities in which we live, and we have supported
our most valuable resource, our employees, in doing this important
work,” said Lisa Quiroz, Senior Vice President, Cultural
Investments. “I am very proud of the causes and organizations Time
Warner championed over the course of 2016, and I am especially
proud of our groundbreaking work in supporting greater diversity in
arts and culture. We are honored by this recognition.”
“This last year has been marked by unprecedented global
challenges and widespread uncertainty, yet the business community
has consistently stepped up when called to task,” said Daryl
Brewster, CEO, CECP. “Giving in Numbers delivers vital lessons
on how leading companies are effectively addressing social issues,
and plots a course for corporations in pursuit of social
equity.”
Time Warner and its Divisions are committed to supporting and
investing in a number of nonprofits that support a broad range of
artistic, cultural and humanitarian causes. The Company also
invests philanthropic dollars in funding organizations and
initiatives that expand access and cultivate opportunities for
diverse artistic communities around the country.
The Company also provides year-round volunteer opportunities,
initiatives and events for employees. Home Box Office, Turner and
Warner Bros. each host dedicated volunteer days and weeks,
providing coordinated volunteer activities with local and global
nonprofit organizations attended by thousands of employees across
the Company. The “Volunteer Time Program” lets employees take up to
40 hours of paid time each year to volunteer and contribute to
nonprofit organizations, while under its Employee Grants program
Time Warner matches employees’ charitable donations dollar for
dollar up to a specified amount. Time Warner also sponsors
employees and their families and friends who participate in
fundraising events such as the Bronx Zoo’s Run for the Wild. Funds
from the run/walk event directly support the efforts of the
Wildlife Conservation Society.
A tradition for over 30 years, Time Warner honors employees who
have made exceptional contributions to public service in their
local communities and around the world through its annual Richard
D. Parsons Community Impact Awards, named after former Time Warner
chairman and CEO Richard D. Parsons, an advocate for underserved
communities, philanthropic causes and charitable institutions.
Winners of the Community Impact Awards receive a financial donation
to the charitable cause of their choice.
Giving in Numbers has been the leading study on the funds,
resources, and skills that companies invest in globally to solve
pressing societal challenges for over ten years. Read the full
Giving in Numbers report here: http://cecp.me/CECPGIN
About Time Warner Inc.
Time Warner Inc., a global leader in media and entertainment
with businesses in television networks and film and TV
entertainment, uses its industry-leading operating scale and brands
to create, package and deliver high-quality content worldwide on a
multi-platform basis.
About CECP: The CEO Force For Good
CECP is a CEO-led coalition that believes that a company’s
social strategy—how it engages with key stakeholders including
employees, communities, customers, and investors—determines company
success. Founded in 1999 by actor and philanthropist Paul Newman to
create a better world through business, CECP has grown to a
movement of more than 200 of the world’s largest companies that
represent $7 trillion in revenues, $18.6 billion in societal
investment, 13 million employees, and $15 trillion in assets under
management. CECP helps companies transform their social strategy by
providing customized connections and networking, counsel and
support, benchmarking and trends, and awareness building and
recognition. http://cecp.co
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Time Warner Inc.Catherine Mirra 212-484-7439Director, Corporate
CommunicationsCatherine.Mirra@timewarner.com
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