Entergy Recognized Among Most Community-Minded Companies
Entergy Corp. has been named a 2020 honoree of The Civic 50 by Points of Light. For the fifth consecutive year, the company has been recognized as one of the 50 most community-minded companies in the United States.
Entergy claims this recognition reinforces its business strategy to grow a world-class energy business that delivers long-term, sustainable value for its customers, employees, communities, and owners.
“Entergy’s commitment to community service is demonstrated by the generosity with which our employees lift up and help those who are hurting, especially in times of crisis,” said Leo Denault, chairman and CEO of Entergy Corp. “Through virtual volunteerism, providing financial support to nonprofit partners, and countless acts of kindness, our employees have stepped up to help our neighbors impacted by the COVID-19 pandemic. As a company, our focus has been to help vulnerable customers who have been impacted economically by providing US$1.3 million in shareholder-funded grants to nonprofit partners that are helping those customers weather the storm of COVID-19.”
Entergy has long promoted a culture of community involvement and volunteerism. Through its Community Connector program, the company offers 16 hours of volunteer paid time-off and volunteer grants, based on the number of hours served, to all employees. Since tracking began in the Community Connectors volunteer portal in April 2008, Entergy employees and retirees have given more than one million hours in volunteer service. In 2019 alone, employees contributed 115,000 volunteer hours valued at US$3.7 million.
Entergy shareholders commit US$18 million to US$20 million each year to programs dedicated to improving Entergy communities in the areas of education, workforce development, arts, health, and environment.
“Points of Light believes that now more than ever, companies must drive transformative social change around the world,” said Natalye Paquin, president and CEO, Points of Light. “We thank Entergy for their investment, and look forward to supporting them in innovating and expanding this work.”
The Civic 50 sets the national standard for superior corporate citizenship and showcases how companies can use their time, skills, and resources to impact their communities. It is the only survey and ranking system that exclusively measures corporate involvement in communities. Honorees are public and private companies with U.S. operations and revenues of US$1 billion or more, and are selected based on four dimensions of their U.S. community engagement program including investment, integration, institutionalization, and impact.