Corporations are recognizing their mutual interests in partnerships with NGOs and governments to address vital global challenges. Collaborations include companies bringing valuable resources to bear in helping to develop regional economies in emerging and dynamic markets where corporations seek to establish or expand their presence. In particular, companies are engaging in global pro bono, also known as international corporate volunteering (ICV), to foster leadership development among their employees, while also improving health care, education, and business success among local enterprises.
Deirdre White, president of PYXERA Global, points out that ICV is a “rapidly growing trend that improves the company’s triple bottom line,” meaning people, planet, and profits. In fact, over the past five years, the number of companies engaging in ICV programs has increased from just a handful to several dozen Fortune 500s and multinationals today. PYXERA Global partners with leading companies worldwide to facilitate ICV programs in more than 70 countries.