“The Civic 50” Published in Bloomberg Businessweek and
Businessweek.com
MCLEAN, Va.--(BUSINESS WIRE)--Nov. 8, 2012--
Capital One Financial Corporation today was recognized as one of
America’s top five most community-minded companies in The Civic 50 survey
– the first comprehensive ranking of S&P 500 corporations that best use
their time, talent and resources to improve the quality of life in the
communities where they do business. The survey was conducted by the
National Conference on Citizenship (NCoC) and Points of Light, the
nation’s definitive experts on civic engagement, in partnership with
Bloomberg LP.
An article about The Civic 50 looking at the philanthropic
efforts of some of the top companies appeared in the November 12-18,
2012 issue of Bloomberg Businessweek. The full Civic 50 ranking
is posted on www.businessweek.com
at www.businessweek.com/interactive_reports/civic_50_2012.html.
“We believe that strong companies and strong communities go hand in
hand. Wherever we do business, our associates are committed to helping
expand economic opportunity and enhance community well-being,” said
Richard D. Fairbank, Founder, Chairman and Chief Executive Officer of
Capital One Financial Corporation. “Our efforts have always been about
much more than simply writing a check. Our approach to community
engagement, which we call Investing for Good, allows us to use the full
range of our financial and human resources to concentrate on community
needs that we’re best equipped to address. The Civic 50 award is
a true testament to our associates who – together with our community
partners – bring to life the very meaning and spirit of Investing for
Good.”
“NCoC is proud to be part of The Civic 50 launch," said Ilir
Zherka, Executive Director of NCoC. "The Civic 50 demonstrates
that the best companies in America are deeply committed to strengthening
their respective communities. Leaders of these companies are aligning
the expertise of their companies and people with the needs of their
communities, and then measuring the impact of their programs. NCoC hopes The
Civic 50 will spur companies throughout our country to do the same.”
"As a company committed to community engagement and improvement,
Bloomberg is proud to have partnered with the National Conference on
Citizenship and Points of Light on this important ranking," said Norman
Pearlstine, Chairman, Bloomberg Businessweek and Chief Content
Officer, Bloomberg LP. "The Civic 50 is a pioneering
addition to the Bloomberg Rankings inventory. It features a
comprehensive, transparent methodology to identify companies that have
taken a leadership role in developing and implementing civic engagement
programs. We believe it will raise awareness of the importance of a
civic consciousness through the U.S. corporate world."
Capital One was evaluated on seven metrics: leadership, measurement and
strategy, design, employee civic health, community partnerships, cause
alignment and transparency. Through the company’s Investing for Good
efforts, Capital One is committed to strengthening the economic
prosperity of individuals, families and businesses in the communities
where it operates. This holistic approach utilizes philanthropy, lending
and investing, volunteerism and sponsorships to achieve impact. In 2011,
Capital One supported more than 1,800 nonprofit organizations, and its
associates served more than 192,000 hours through company-sponsored
volunteer activities. To learn more about Capital One’s Investing for
Good efforts, please visit http://www.capitalone.com/investingforgood.
Civic 50 companies employed increasingly sophisticated tools to
measure the impact of community engagement and alignment of these
programs with their business’ core competencies, the survey found. More
than two-thirds of the top 50 companies say they “frequently” or
“always” use the professional skills of their workforce to address
social issues and real community challenges. Sixty-six percent of the
top 50 say they have “mission-level” alignment with their community
partners, meaning they work with them on the highest strategic level,
not just on individual programs or events.
“Today, in the aftermath of Hurricane Sandy, we can see clearly how much
corporate America pitches in – with expertise, talent, time and money –
to help communities meet critical needs,” said Jackie Norris, executive
director of the Points of Light Corporate Institute. “In times of
disaster and in relative calm, The Civic 50’s work is
transformative, innovative and critically important.”
About Capital One
Capital One Financial Corporation, headquartered in McLean, Virginia, is
a Fortune 500 company with approximately 1,000 branch locations
primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia,
and the District of Columbia. Its subsidiaries, which include Capital
One, N.A., and Capital One Bank (USA), N. A., offer a broad spectrum of
financial products and services to consumers, small businesses and
commercial clients. We apply the same principles of innovation,
collaboration and empowerment in our commitment to our communities
across the country that we do in our business. We recognize that helping
to build strong and healthy communities – good places to work, good
places to do business and good places to raise families – benefits us
all and we are proud to support this and other community initiatives.
Source: Capital One Financial Corporation
Capital One Financial Corporation
Shelley Solheim, 917-589-6203
shelley.solheim@capitalone.com