{"id":2031,"date":"2008-10-15T00:01:42","date_gmt":"2008-10-14T23:01:42","guid":{"rendered":"http:\/\/www.corporate-eye.com\/?p=2031"},"modified":"2021-01-04T14:17:18","modified_gmt":"2021-01-04T13:17:18","slug":"ftse-100-companies-and-the-breadline","status":"publish","type":"post","link":"https:\/\/www.corporate-eye.com\/main\/ftse-100-companies-and-the-breadline\/","title":{"rendered":"Celebrating the FTSE 100: action on the breadline"},"content":{"rendered":"<p><img decoding=\"async\" data-src=\"https:\/\/www.corporate-eye.com\/main\/wp-content\/uploads\/2008\/10\/blogactionday.jpg\" alt=\"Blog Action Day 2008\" title=\"Blog Action Day 2008\" width=\"180\" height=\"150\" class=\"alignnone size-full wp-image-2032 lazyload\" data-srcset=\"https:\/\/www.corporate-eye.com\/main\/wp-content\/uploads\/2008\/10\/blogactionday.jpg 180w, https:\/\/www.corporate-eye.com\/main\/wp-content\/uploads\/2008\/10\/blogactionday-150x125.jpg 150w\" data-sizes=\"(max-width: 180px) 100vw, 180px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 180px; --smush-placeholder-aspect-ratio: 180\/150;\" \/>Despite the recent financial madness, most FTSE 100 companies aren&#8217;t on the breadline &#8230; but many of them try to help those who are.<\/p>\n<p>There are a few whose social involvement statements are a little like the beauty queen&#8217;s vapid ambitions to work for world peace &#8211; all motherhood and apple pie; and a few whose statements go no further than that they support health and education projects. <\/p>\n<p>Don&#8217;t get me wrong: health and education projects are essential, and perhaps these companies subscribe to the view that charity should be conducted secretly, and don&#8217;t want to brag &#8230; but others provide a bit more detail, and if we dig a bit, we can see that there is some great work being done to try to alleviate poverty. <\/p>\n<p>And surely these big companies are ideally placed to help, if anyone can.<\/p>\n<h2>How can big business help pull people out of poverty?<\/h2>\n<p>There are several different ways that businesses provide assistance to individuals or to smaller businesses.<\/p>\n<h2>By donating cash or goods<\/h2>\n<p>Some companies donate hard cash or goods in kind to charities aimed at particular problems, such as disaster relief and homelessness. This is a direct route to alleviate poverty, but doesn&#8217;t necessarily solve a long-term problem. <\/p>\n<ul>\n<li>For example, Sainsbury&#8217;s donate food that is past the display date but before the eat-by date to various charities. This avoids waste and provides food for those in need &#8211; definitely a win-win.<\/li>\n<li>Or <a href=\"http:\/\/www.icap.com\">ICAP<\/a>, who donate money to VSO &#8211; in 2007, this was enough to send two teachers to Nepal, where &#8220;a single volunteer shares skills with people who go on to train hundreds more, and eventually change the lives of thousands&#8221;<\/li>\n<\/ul>\n<h2>By donating time<\/h2>\n<p>Some companies donate time by allowing their staff to volunteer in work time to support charities.  This type of action is often local and small-scale: one-off barn-raising type events, or fun fund-raising events &#8211; but can be regular literacy sessions at a school, for example. And there is no doubt that education is one of the best ways out of poverty. Again, this is a win-win game: staff feel good, the company gets credit, and the people they help get the benefit &#8211; and that could be several children who improve their literacy skills, and therefore their life-chances.<\/p>\n<h2>By donating expertise<\/h2>\n<p>Some companies donate expertise to build entrepreneurial abilities &#8211; a great way to lift people out of poverty.<\/p>\n<ul>\n<li>Several provide support for small entrepreneurs, such as:\n<ul>\n<li><a href=\"http:\/\/www.bg-group.com\/OnlineReports\/cr\/society.html\">BG<\/a>, who supported women in Brazil in developing their business skills and marketing their craftwork<\/li>\n<li><a href=\"http:\/\/www.sabmiller.com\/sabmiller.com\/en_gb\/Our+responsibility\/Our+10+sustainable+development+priorities\/Communities\/\">SABMiller<\/a>, who work to develop a culture of entrepreneurship among young people in South Africa by providing training, grants, mentorship and assistance during the set-up phase of a new business<\/li>\n<li>and Compass Group, who helped improve a Colombian fish breeding programme by teaching best safety practices and handling procedures.<\/li>\n<\/ul>\n<\/li>\n<li>Others provide financial support for entrepreneurs, such as Shell and AngloAmerican, both of whom support micro finance schemes.<\/li>\n<\/ul>\n<h2>What else could be done?<\/h2>\n<p>Here are some places where people are coming together to try to work out how business can help solve some of the issues around poverty:<\/p>\n<ul>\n<li><a href=\"http:\/\/www.transformingbusiness.net\/\">Transforming Business<\/a> is a research and development project based at University of Cambridge and is looking at how &#8220;the creative forces of free enterprise be effectively applied to the most pressing social, economic, and moral challenge of our time: the elimination of poverty&#8221;. It has an impressive array of advisers from big businesses, including many FTSE 100 or other multinationals<\/li>\n<li><a href=\"https:\/\/web.archive.org\/web\/20101213011343\/http:\/\/businessfightspoverty.ning.com\/\">Business Fights Poverty<\/a> is smaller scale, but is &#8220;a network for professionals passionate about fighting world poverty through good business&#8221;<\/li>\n<li>University of Cambridge (again!) offers a training programme called Business and Poverty Leadership. It&#8217;s not cheap, but is intended for Directors and Senior Managers with responsibility for business development, CSR, or business units in emerging economies (some scholarships available)<\/li>\n<\/ul>\n<h2>Not FTSE 100? Not even close?<\/h2>\n<p>Here are some initiatives that you could consider as an individual or very small company (big ones welcome too):<\/p>\n<ul>\n<li>\n<a href=\"http:\/\/www.mentori.org\">Mentori<\/a> &#8211; (online) offer time as a business mentor to an entrepreneur in a developing country<\/li>\n<li><a href=\"http:\/\/www.skillsventure.com\">Skills Venture<\/a> &#8211; (offline) offer time as a business mentor, combined with a holiday, as a working holiday or as a sabbatical &#8211; even as a team-building venture.<\/li>\n<li><a href=\"http:\/\/www.kiva.org\/\">Kiva<\/a> &#8211; offer micro loans to individual entrepreneurs. There are many of these organisations, but Kiva is perhaps the best known.<\/li>\n<\/ul>\n<p>How can your organisation help? Something for us all to ponder, I think.<\/p>\n<p>Last year&#8217;s Blog Action Day post, on the environment: <a href=\"https:\/\/www.corporate-eye.com\/main\/techniques-for-enticing-the-green-investor\/\">Techniques for enticing the green investor<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite the recent financial madness, most FTSE 100 companies aren&#8217;t on the breadline &#8230; but many of them try to help those who are. There are a few whose social involvement statements are a little like the beauty queen&#8217;s vapid ambitions to work for world peace &#8211; all motherhood and apple pie; and a few [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[23],"tags":[791,54,794,793,792,314,795],"class_list":{"0":"post-2031","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-csr","7":"tag-blog-action-day","8":"tag-corporate-social-responsibility","9":"tag-entrepreneur","10":"tag-microfinance","11":"tag-poverty","12":"tag-responsibility","13":"tag-training","14":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Celebrating the FTSE 100: action on the breadline - Corporate Eye<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.corporate-eye.com\/main\/ftse-100-companies-and-the-breadline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Celebrating the FTSE 100: action on the breadline - Corporate Eye\" \/>\n<meta property=\"og:description\" content=\"Despite the recent financial madness, most FTSE 100 companies aren&#8217;t on the breadline &#8230; but many of them try to help those who are. There are a few whose social involvement statements are a little like the beauty queen&#8217;s vapid ambitions to work for world peace &#8211; all motherhood and apple pie; and a few [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.corporate-eye.com\/main\/ftse-100-companies-and-the-breadline\/\" \/>\n<meta property=\"og:site_name\" content=\"Corporate Eye\" \/>\n<meta property=\"article:published_time\" content=\"2008-10-14T23:01:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-01-04T13:17:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.corporate-eye.com\/main\/wp-content\/uploads\/2008\/10\/blogactionday.jpg\" \/>\n<meta name=\"author\" content=\"Lucy Nixon\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@lucynixon\" \/>\n<meta name=\"twitter:site\" content=\"@lucynixon\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lucy Nixon\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.corporate-eye.com\/main\/ftse-100-companies-and-the-breadline\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.corporate-eye.com\/main\/ftse-100-companies-and-the-breadline\/\"},\"author\":{\"name\":\"Lucy Nixon\",\"@id\":\"https:\/\/www.corporate-eye.com\/main\/#\/schema\/person\/d273bf7421dc8f5fec96785876b760e2\"},\"headline\":\"Celebrating the FTSE 100: action on the breadline\",\"datePublished\":\"2008-10-14T23:01:42+00:00\",\"dateModified\":\"2021-01-04T13:17:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.corporate-eye.com\/main\/ftse-100-companies-and-the-breadline\/\"},\"wordCount\":768,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/www.corporate-eye.com\/main\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.corporate-eye.com\/main\/ftse-100-companies-and-the-breadline\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.corporate-eye.com\/main\/wp-content\/uploads\/2008\/10\/blogactionday.jpg\",\"keywords\":[\"Blog Action Day\",\"Corporate social responsibility\",\"entrepreneur\",\"microfinance\",\"poverty\",\"responsibility\",\"training\"],\"articleSection\":[\"Corporate social responsibility\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.corporate-eye.com\/main\/ftse-100-companies-and-the-breadline\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.corporate-eye.com\/main\/ftse-100-companies-and-the-breadline\/\",\"url\":\"https:\/\/www.corporate-eye.com\/main\/ftse-100-companies-and-the-breadline\/\",\"name\":\"Celebrating the FTSE 100: action on the breadline - 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