CECP, a coalition of corporate CEOs united in the belief that social improvement is an essential measure of business performance, has announced the winners of the 2015 Excellence Awards in Corporate Philanthropy.
Awarded to a company with revenues of at least $20 billion, the fifteenth annual Chairman's Award was presented to PepsiCo in recognition of its Safe Water Access program, a commitment announced in 2010 to provide access to clean water for three million people around the world by 2015. In announcing the award, CECP noted that PepsiCo had exceeded its original commitment and doubled its goal for the initiative to six million people by the end of 2015.
At the same event, the President's Award, for companies with less than $20 billion in revenues, was presented to PwC US for Earn Your Future, a multiyear, $160 million commitment to advance financial literacy and youth education with the goal of benefiting more than 2.5 million students and educators across the United States. At the halfway point of the initiative, PwC US has delivered more than 530,000 service hours and reached more than 1.2 million people.
The CECP board also announced the 2015 recipients of its Force for Good Awards, which were launched last year to honor CEO leadership and achievement in corporate societal engagement. This year's honorees are Merck chair and CEO Ken Frazier, who received the Founders Force for Good Award; Allstate Corporation chair and CEO Tom Wilson, who was presented with the Collaboration Force for Good Award; Chobani founder and CEO Hamdi Ulukaya, who received the Pacesetter Force for Good Award; and former Medtronic CEO Bill George, who was presented with the Lawrence A. Wein Legacy Force for Good Award.
"Global companies are judged not only by the shareholder value they create, but also by the positive contributions they make to society," said PepsiCo chair and CEO Indra K. Nooyi. "Great companies think in terms of quarters and generations to create value for all stakeholders."