Government must support businesses that invest in their communities

31 March 2015

John Low, Chief Executive of the Charities Aid Foundation, said: "While political leaders are wooing business, they need to remember that long term economic growth is based  on sustainable businesses that support the communities that buy their products and where their employees live.

"Our research shows that fewer than a quarter of FTSE 100 companies donated one per cent or more of their pre-tax profits to charity - we need political leaders to show how they can support businesses that invest in their communities and help them to grow. That's good for business as well as charities - most people are more inclined to buy from firms that support good causes and talented people today want to work for businesses that have well articulated values and strong links with society.

"Business policy is about more than just tax, it's about encouraging companies to work in a better way that makes society and the economy stronger."

The CAF report Corporate Giving by the FTSE 100 showed:

  • The FTSE 100 gave £2.5bn to good causes in 2012
  • 73% of people think companies should be more open and transparent about their corporate responsibility
  • 61% say corporate responsibility is just a PR exercise
  • 69% think that businesses have an obligation to support the local community in which they operate
  • 44% think that businesses have an obligation to donate to charitable causes

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