FCL retains Caring Company designation
May 27, 2019
Federated Co-operatives Limited is proud to be recognized as a national leader in community engagement and corporate giving with a 2019 Caring Company designation. This recognition is awarded to companies that donate an annual minimum of one per cent of their pre-tax profit to non-profit and charitable organizations. FCL donated $10.3 million to charities and communities in the 2018 fiscal year.
This is the third consecutive year that FCL has received the Caring Company designation, which is administered by Imagine Canada, a national charity advocacy organization. The recognition places FCL alongside major Canadian companies who have invested in social impacts, such as TELUS, CIBC, MEC (Mountain Equipment Co-op) and Loblaw Companies Limited.
The 2018 donations were generated through a combination of consumer-facing programs like Co-op Community Spaces, Fuel Good Day and the Co-op Give Card, and employee-led initiatives like FCL’s Community Investment Fund, FCL’s Community Builders program and local office fundraisers. While these donations included funds given by FCL on behalf of the CRS, the total does not reflect any independent donations made by local Co-ops within their communities. In addition to financial giving, this total also includes in-kind food donations made by FCL Distribution Centres to local food banks.
The Caring Company designation is a great achievement in corporate social responsibility and an encouraging reminder of Co-op’s commitment to support the communities where we live, work and play.