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Devon recognized as one of America's top community-minded companies
Dec 6, 2012 - From staff reports
OKLAHOMA CITY -- Devon Energy was recognized as one of America's most community-minded companies in The Civic 50 survey -- the first comprehensive ranking of S&P 500 corporations that best use their time, talent and resources to improve the quality of life in the communities where they do business.
Devon has a number of oil and gas fields in Wyoming, including one south of Riverton.
The survey was conducted by the National Conference on Citizenship and Points of Light, in partnership with Bloomberg LP.
An article about The Civic 50 looking at the philanthropic efforts of some of the top companies appeared in a November issue of Bloomberg Businessweek.
"We are pleased and proud to be recognized for our efforts to support the communities that surround our operations," said John Richels, Devon Energy president and CEO. "Our communities are important to us. We strive to be a good neighbor, and we're glad it shows."
Companies were evaluated on seven specific metrics: leadership, measurement and strategy, design, employee civic health, community partnerships, cause alignment and transparency.
Winning companies employed increasingly sophisticated tools to measure the impact of community engagement and alignment of these programs with their business' core competencies. More than two-thirds of the top 50 companies say they "frequently" or "always" use the professional skills of their workforce to address social issues and real community challenges.
Sixty-six percent of the top 50 say they have "mission-level" alignment with the community partners, meaning they work with them on the highest strategic level, not just on individual programs or events.