Raytheon named one of America's most community-minded companies
Support for U.S. armed service members, a strategy addressing math and science education and passionate employees who volunteer in local communities have won Raytheon a place in the Civic 50 ranking of the most community-minded companies for the third year in a row.
The annual survey, which is conducted by the Points of Light Corporate Institute in partnership with Bloomberg LP and True Impact, identifies and recognizes companies for their commitment to improve the quality of life in communities where they do business.
“Corporate civic engagement is on the rise, and it’s being led by the forward-thinking businesses included on the Civic 50 list,” said Neil Bush, Chairman of Points of Light. “The correlation their efforts showcase between community engagement and employee retention, productivity and overall bottomline benefits continues to prove that businesses that do good, do well.”
Raytheon was evaluated on several criteria, including community investment, community-business integration, supportive institutional policies and impact measurement.
Raytheon’s community focus is evidenced by the breadth of its initiatives, including:
- Empowering through education, especially through working with members of the armed services as they transition back to civilian life. The company provides scholarships and professional mentoring to student veterans and supports information technology training for wounded warriors.
- iVolunteer, Raytheon’s employee volunteer program, which has seen more than 575,000 hours logged by employees in support of their local communities over the past three years.
“Raytheon's culture of service is grounded by our mission to support the men and women of the armed services, educate the next generation of scientists and engineers, and innovate for a sustainable future,” said Thomas Kennedy, Chairman and CEO of Raytheon Company. “We are committed to demonstrating leadership by placing a high value on corporate responsibility, and are honored to be recognized by Bloomberg and Points of Light for the third consecutive year.”
What is The Civic 50?
The Civic 50:
Launched in 2012, The Civic 50 is a national initiative to survey and rank all companies with revenue of $1 billion or more based on how they use their time, talent and resources to improve the quality of life in the communities where they do business.
To identify the 50 most community-minded companies in the nation.
- The business sector plays a critical role in promoting community engagement.
- Working in partnership with government, nonprofits and individuals, corporate leaders should focus their community engagement programs on solving community problems by effectively contributing the expertise and resources of their businesses and employees.
- A corporate culture of civic engagement is institutionalized when a business aligns its community engagement programs with its underlying business competencies.
Last Updated: 04/26/2016