SOURCE: Shared Value InitiativeDESCRIPTION:
Each year, Fortune publishes the Change the World List to celebrate companies and leaders that embrace corporate purpose and recognize how it can add value to business and society.
Fortune’s Change the World list recognizes companies that have had a positive social impact through activities that are part of their core business strategy. We prioritize companies with annual revenues of $1 billion or more. Fortune writers and editors, with help from the Shared Value Initiative, evaluate the companies by these four factors:
- Measurable social impact: We consider the reach, nature, and durability of the company’s impact on one or more specific societal problems. This category receives extra weight.
- Business results: We consider the benefit the socially impactful work brings to the company. Profitability and contribution to shareholder value outweigh benefits to the company’s’ reputation.
- Degree of innovation: We consider how innovative the company’s effort is relative to that of others in its industry and whether other companies have followed its example.
- Corporate Integration: We consider how integral the initiative is to a company’s overall strategy, and how well that strategy is communicated through the ranks and elsewhere.
Applications must be received by 11:59pm ET on Thursday, July 15, 2021. You can learn more and apply here.
Note: COVID-19 continues to change the reality on the ground for many businesses and the communities they serve. We welcome applications related to COVID-19, but also encourage submissions about corporate efforts that existed before and/or outside of the pandemic and address issues independent of it including but not limited to racial and gender equity, the climate crisis, the future of work and income inequality.
The 2021 Change the World List will be published on Fortune.com on or around Monday, October 11. You can see last year’s list here.
There is no cost to apply for the 2021 Fortune Change the World List.
Tweet me: Applications for the 2021 @FortuneMagazine Change the World List are open! The list celebrates companies that embrace corporate purpose & recognize how it can add value to business & society. Learn more & apply today: https://bit.ly/3eZFpZ3 #SharedValue #ChangetheWorld #Purpose
KEYWORDS: Shared Value Initiative, Fortune, Change the World List, business strategy