British Banking Bigwig Urges Renewed Corporate Giving

January 25, 2011 at 8:46 PM Leave a comment

A former chairman of the UK’s Lloyds Banking Group argues for recommitment to corporate philanthropy in the wake of credit crunch, particularly from the financial sector.

Philanthropy on its own will not – and should not – restore the damage to the reputation of banks or rebuild their moral capital: the scale of that task should not be under-estimated. But, along with commitment to best business values, it has a part to play for companies wanting to regain the trust and respect of communities in which they operate.

The headline promises “a new philanthropy” but the financier, Victor Blank, seems more to argue for a renewed philanthropy.

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Entry filed under: Corporate Philanthropy & CSR.

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