Altria Group Inc. and Capital One named to list of top community-minded companies
Two Virginia companies, Richmond-based Altria Group Inc. and McLean-based Capital One Financial Corp. have been named to a list of the 50 most community-minded companies in the country.
The Virginia companies are part of The Civic 50, a list compiled by the volunteer service organization Points of Light in partnership with business and financial information company Bloomberg LP.
The objectives of the program, begun in 2012, are to recognize the most community-minded companies in the nation and provide a model for business managers and corporate social responsibility leaders.
All U.S. companies with revenue of $1 billion or more were invited to participate in 2014.
The 2014 survey consisted of quantitative and multiple-choice questions.
To calculate a corporation’s score, points are assigned in the following area: investment, integration, institutionalization and impact.
Investment looks at how extensively and strategically a company applies its resources to community engagement.
Integration examines how a company’s community engagement program supports business interests and integrates into business functions.
Institutionalization spotlights how the company supports community engagement through its institutional policies, systems, and incentives.
Impact scrutinizes how a company measures the social and business impact of its community engagement program.