LBG Canada
AUDIT
Involvement in LBG Canada ensures a consistent definition of community investment across investment styles, industries, sectors and diverse operating environments. Each cycle, every LBG Canada company participates in a detailed, line-by-line audit of their entire community investment portfolio to ensure the definition is applied consistently.
The purpose of the annual audit (or benchmarking) is to assist each company in demonstrating value of their portfolio of cash, in-kind, employee volunteering & giving and program management costs. The results allow both LBG Canada companies and external audiences to be confident that figures stated in reporting and communications are a true reflection of the value of the community investment portfolio.
With this information in hand, the community investment professional is equipped to ADVISE senior management on tactics designed to ACHIEVE the goals of current strategy.
2012 Highlights
$358 Million
Total Contributions Reported
$76 Million
Value of Leveraged Resources
0.87%
Contributions as a % of Pre-tax Profit
0.19%
Contributions as a % of Total Revenue
98%
LBG Canada companies supporting an Employee Giving & Volunteering Program in some form
The third-party review enables assessment of the current situation and allows confidential, informed company comparison to peers and emerging best practice.
The annual audit enables best and emerging management practice examples to be transferable and relevant to community investment professionals everywhere. This is a unique approach within the community investment and broader corporate social responsibility arenas in Canada.
