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PEER DISCUSSION: ENVIRONMENT
— Meg McDonald, President, Alcoa Foundation
— Steven J. Solomon, Director, Corporate Relations, Exelon Corporation |
Key Takeaways:- Environmental philanthropy is a new and developing field, and there is a growing interest in this funding area. Many companies are just starting to develop their approach for their environmental funding initiatives.
- With regards to the environment, there is often a gray area between philanthropy and corporate social responsibility. Often, while working to 'green' the business, companies become interested in funding environmental causes.
- Adopting holistic environmental practices for all philanthropic programs, whether or not they are directly related to environmental funding, can create an opportunity for encouraging more grantees and business partners to consider environmental concerns. For example, when sponsoring an event, ensure that the nonprofit partner provides adequate recycling bins and creates minimal waste.
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