Leading U.S. executives meeting Monday to discuss corporate philanthropy said shareholders lag well behind employees and customers in demanding that firms weave social goals into their businesses, according to Reuters.
Some 70 CEO’s at a New York session of the Committee Encouraging Corporate Philanthropy discussed the possibility of developing a social-responsibility index to educate investors on the potential value. Slightly more than half the participants said shareholder demand for information on firms’ philanthropic and community efforts had not changed in five years.
Companies are “not getting questions [from investors] around these kinds of topics,” Bob Moritz, chairman of PriceWaterhouseCoopers, said in an interview after the conference. “There is an effort needed to educate them both in terms what we’re doing but also why we’re doing it. This will not be revolutionary, it will be evolutionary.”