Vocabulary【Corporate Philanthropy】
CSR as corporate philanthropy
Philanthropy is a common CSR initiative for many corporations.
Many corporations provide charities and nonprofit organizations with financial aid.
This aid is given to many different areas, including social welfare, the arts, and education.
welfare: 福利
case study: Coca-Cola
In 2013, a devastating earthquake struck Ya'an, Sichuan.
Following the disaster, Coca-Cola mobilized its resources across Sichuan and Chongqing to provide relief.
They increased production of bottled water and shipped it to the affected area.
In addition, the company donated 8 million yuan to the China Women's Development Foundation.
The goal was to provide aid to women who were affected by the earthquake.
Through these CSR initiatives, Coca-Cola greatly improved its brand image and long-term profitability.
devastate: 摧毁
strike: strike, struck, struck, 侵袭
mobilize: 动用
relief: 救助
profitability: 利润率
case study: PNC's Grow Up Great
Another example of corporate philanthropy is PNC Financial Services' "Grow Up Great" program.
The program provides resources to underfunded schools in areas where PNC operates.
These resources include lesson plans, digital storybooks, and learning materials.
The goal of the program is to set disadvantaged students on a path to success in school and life.
After its founding in 2004, the program has used 137 million dollars in grants to serve 4.1 million children.
These CSR activities not only benefitted many children, but also improved PNC's financial performance, customer relations and community engagement.
underfunded: 资金不足的
grant: 拨款
case study: Google
Google is a prime example of a company that engages in corporate philanthropy.
It has donated money and resources to several programs which are involved in helping communities around the world.
Google has donated thousands of Raspberry Pi computers to children around the world to support computer science education.
In the program Code for America, it annually donates 3 million dollars to help develop civic technological solutions.
prime: 重要的
raspberry: 山莓(覆盆子)
cranberry: 蔓越莓
civic: 市政的
Question
- How might a corporation demonstrate corporate philanthropy?
> by donating to charity - In additional to bottled water, how else did Coca-cola contribute to the earthquake in Ya'an?
> it donated money to female victims - How does "Grow UP Great" fulfill its mission of setting children on the path to success?
> it provides educational resources to schools
corporate: 公司的
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