Investor Alert

May 19, 2020, 12:01 p.m. EDT

Leading Global Companies Gather Virtually to Drive Solutions to Society's Greatest Challenges

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

May 19, 2020 (3BL Media via COMTEX) -- SOURCE: CECP: Chief Executives for Corporate Purpose

NEW YORK, May 19, 2020 /3BL Media/ - Chief Executives for Corporate Purpose (CECP) is virtually hosting hundreds of corporate leaders from across the U.S. and around the world for the 2020 CECP Summit: Strength in Solutions . The event, the 17 [th] CECP Summit, brings together corporate responsibility professionals who drive societal investment strategies at the world's largest companies during a time when connections and collaboration are propelling social innovations to tackle immediate and future needs.

Companies addressing the current Covid-19 crisis and moving towards recovery and resiliency find a renewed purpose of how they can contribute. CECP's Summit attendees will hear from peers and practitioners who are taking a long-term view while responding to stakeholder needs in the moment.

"These corporate leaders have a shared experience with other corporate colleagues," said Kari Niedfeldt-Thomas, Managing Director, CECP. "CECP's Summit provides a virtual experience to discuss how they are leading on BOTH addressing health and safety issues with the virus, AND continuing to champion the issues on which they have invested their skills and resources for years, such as mental health, reskilling their workforce, cancer research, domestic violence, and financial literacy."

"As the world thinks about recovery and the next normal, leading companies are redefining how they invest in society," said Daryl Brewster, CEO, CECP. "With the right actions, companies will be remembered for being a force for good in society at a critical time in a way that drives sustainable value. While companies are experiencing the pandemic in different ways, coming together at CECP's Summit brings the type of inspiration and collaboration we need."

The Summit includes the presentation of the Charles H. Moore Award for Leadership in Corporate Community Engagement , this year awarded to Lata Reddy,Senior Vice President of Diversity, Inclusion & Impact at Prudential Financial and Chair of The Prudential Foundation. The "Charlie Award"-named to honor CECP's founding Executive Director-is presented to senior leaders who exemplify perseverance in the pursuit of societal advancement, the trait for which Charlie Moore is best known.

Recognized for her capacity to harness the power of capital markets to drive financial and social mobility, Reddy has combined diversity strategies, impact investments, philanthropy, corporate contributions, and employee engagement to promote inclusive economic opportunity and sustainable growth in communities throughout the world. She oversees a yearly grantmaking budget of $40 million through The Prudential Foundation, a $20 million corporate contributions budget and an impact investing portfolio that recently reached $1 billion assets under management. Now, in the wake of COVID-19, Lata and her team have supported response efforts to care for employees and communities across the United States, but especially in their headquartered city of Newark NJ.

"For more than 20 years, it has been my privilege to advance Prudential's purpose to help solve the financial challenges of our changing world, and to work toward eliminating systemic barriers in order to drive social and financial mobility for all," said Reddy. "In the wake of COVID-19, when people around the world are reeling from the impact of this pandemic, Prudential's mission of uplifting communities is of paramount importance."

The 2020 CECP Summit will also celebrate this year's Company Spotlights , including Abercrombie & Fitch Co., Alcoa, Carlson and CWT, Cisco, CSAA, HSBC, KPMG, Macquarie, Regeneron, State Farm, and Tata Consultancy Services. These companies were recognized throughout the year for their work in the areas of CECP's Pillars of Excellence: innovation, CEO leadership, measurement, partnership, narrative, and long-term focus.

The CECP Summit offers an unparalleled line-up of speakers responding to issue areas of interest to companies, including:

  • Barbara Humpton, CEO, Siemens USA joins Daryl Brewster, CEO, CECP for an honest conversation on what lies ahead for business in a post-Covid-19 environment.

  • Carla Harris, Vice Chairman, Managing Director and Senior Client Advisor, Morgan Stanley on what it means to lead, how that has changed, and how to do it authentically.

  • Darren Walker, President, Ford Foundation on the fluid nature of progress and how to keep moving to build a more equitable future.

  • Lars Kurznack, Long Term Value Creation Lead, KPMG on how companies who blend short- and long-term thinking in their business and corporate strategy can deliver superior and more stable financial performance than their peers.

  • Lata Reddy, Senior Vice President, Diversity, Inclusion & Impact and Chair of The Prudential Foundation, Prudential Financial, Inc. will share her perspective on how leaders of large companies can encourage cross-sector partnerships to rebuild local economies to be more equitable, resilient, connected, and innovative after Covid-19.

  • Aria Finger, CEO & Chief Old Person, DoSomething.org on the core tenants of engaging Gen Z in a company's brand purpose, specifically around mental health.

Breakout sessions will feature a variety of topics:

  • Cross-Functional Corporate Purpose Collaboration

1 2
This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.