NEWPORT BEACH, Calif., June 21, 2017 (GLOBE NEWSWIRE) -- PIMCO has been recognized as one of America’s most community-minded companies in the 2017 Civic 50 list. This annual initiative from Points of Light – the world’s largest organization dedicated to volunteer service – identifies the top 50 companies who invest their time, skills and other resources to improve the quality of life in the communities where they do business. PIMCO was first included in this list in 2016.
The Civic 50 winners were announced at the Points of Light Conference on Volunteering and Service in Seattle where leaders in volunteerism and civic engagement gather to discuss social innovation, cross-sector collaboration and how citizen engagement can drive change.
“In the fifth year of honoring the most community-minded companies in the nation, The Civic 50 truly highlights the commitment to community and civic engagement of America’s leading brands,” said Jennifer Lawson, president of networks at Points of Light . “By elevating critical stakeholder voices from employees, customers and communities into their mission statements, The Civic 50 companies are putting themselves at the center of change to create more enduring and sustainable business models.”
The Civic 50 winners are public and private companies with U.S. operations and revenues of $1 billion or more, and are selected based on four dimensions of their U.S. community engagement program:
- Investment: How extensively and strategically does the company apply its resources to community engagement in the United States, including employee time and skills, cash, in-kind giving and leadership?
- Integration: How does the company integrate their U.S. community engagement programs into key business functions, including employee engagement, marketing/PR, diversity and inclusion, recruiting, stakeholder relations and skill-development?
- Institutionalization: How does the company support community engagement in the United States through organizational policies, systems and incentives?
- Impact: How does the company measure the social and business impact of their U.S. community engagement program?
Emmanuel Roman, PIMCO CEO and PIMCO Foundation Board President said, “We are honored to be recognized in the Civic 50 again this year. We have a strong culture of service at PIMCO and believe in the transformative impact that can be achieved through giving back. To be included alongside 49 other remarkable companies, all champions of corporate engagement, is something we are immensely proud of.”
The Civic 50 survey was administered by True Impact , a company specializing in helping organizations maximize and measure their social and business value. The survey instrument consists of quantitative and multiple-choice questions that inform the Civic 50 scoring process. The Civic 50 is the only survey and ranking system that exclusively measures corporate involvement in communities.
To learn more about The Civic 50, to see a full list of the winners and to access the highlights, trends, benchmarking data and best practices from the 2017 Civic 50, please visit www.Civic50.org .
About PIMCO PIMCO is a leading global investment management firm, with offices in 11 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.
About Points of Light Points of Light, the world’s largest organization dedicated to volunteer service, mobilizes millions of people to take action that is changing the world. Through affiliates in 250 cities and partnerships with thousands of nonprofits and corporations, Points of Light engages four million volunteers in 30 million hours of service each year. We bring the power of people where it’s needed most. For more information, visit www.pointsoflight.org .
Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.
Contact: Laura Batty PIMCO – Media Relations 949-720-6374
