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Hasbro named one of most ‘community-minded’ companies

BLOOMBERG FILE PHOTO/ MICHAEL SPRINGER
A STATUE OF Mr. Potato Head greets visitors to the corporate headquarters of toymaker Hasbro Inc. in Pawtucket.
Posted 11/9/12

PAWTUCKET – Hasbro Inc. was recognized in The Civic 50 survey as one of the country’s most community-minded companies along with companies such as IBM, Citigroup and AT&T.

Hasbro was selected in the top 10 on the inaugural ranking of S&P 500 corporations that best use their time, talent and resources to improve the quality of life in the communities in which they do business.

“Hasbro is honored to be recognized alongside some very deserving companies as a member of the inaugural Civic 50,” Brian Goldner, Hasbro’s president and CEO, said in a statement. “For nearly 90 years, Hasbro’s commitment to civic engagement has been part of our DNA, and we remain focused on providing our employees’ talent and our company’s resources along with an element of fun to help empower children worldwide.”

Companies were evaluated using several elements, including leadership, measurements and strategy, design, employee civic health, community partnerships, cause alignment and transparency.

Hasbro, which ranked 10th overall, ranked 5th for design, 10th in measurement and strategy, 13th in both leadership and community partnerships, 14th in employee civic growth, 26th in cause alignment and 30th in transparency. IBM ranked first overall.

The Civic 50 survey was conducted by the National Conference on Citizenship and Points of Light in partnership with Bloomberg LP.

To see the full list of companies, visit: www.businessweek.com.

“The results of The Civic 50 show that what is good for business can also be good for the community,” Michael Weiser, chairman of NCoC and Jackie Norris, executive director of Points of Light Corporate Institute, said in a joint statement. “Rather than passively write checks to charities or philanthropies, the top corporations are actively aligning their resources and professional skills with the needs of community partners.”

“The Civic 50 reveals which companies are truly innovative, and we are hopeful that these examples will inspire other companies to make a difference in communities,” the statement said.

During 2011, Hasbro provided nearly $16 million in product and financial support to charitable organizations worldwide. The company’s philanthropic work focuses on “helping children overcome critical life challenges, bringing them joy and inspiring them to make their mark on the world through service,” said a company release.

The company’s Team Hasbro employee volunteer program gives employees four hours of paid time off per month to volunteer with child-focused organizations in the communities where they live or work.

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