September 29, 2016

How corporations can step up and be leaders in their communities

Allstate Chairman and CEO Tom Wilson appears with youth leader Jade Greear at a 2016 WE Day event in Illinois that gathered 15,000 students and educators to celebrate youth who are making a difference. Photo by Tim Hiatt for WE Day

The U.S. does not mandate corporate social responsibility, but as the concept has evolved over the years, consumers have come to expect a level of social, community, and environmental leadership from America’s largest businesses.

For Allstate chairman and CEO Tom Wilson, a sole emphasis on profits widens the trust gap between corporations and society. In an op-ed on The Washington Post‘s website Thursday, Wilson writes that corporations have an opportunity to be a force for good in their communities—which is in turn also good for business.

He also writes about this constantly evolving role of corporations in their communities:

The corporation of the next 100 years must take on societal problems. On their own, governments, social service and charitable organizations simply do not have the capabilities and resources to solve the problems of inadequate education, poverty or public fiscal insolvency. And most people agree: In a recent survey, 87 percent of young Americans said corporations should do more than just make money.

Read the full op-ed in The Washington Post.

The Renewal Project is made possible by Allstate.

The Renewal Project

The Renewal Project is an effort by Allstate to highlight, support, and celebrate ordinary people creating extraordinary community renewal.