The size of CR budgets

Wednesday, December 14, 2005

The size of CR budgets

How much do corporations spend per annum on operational CR? Here are six key findings from a recent survey* with over 600 respondents of small and large companies including Rolls Royce, BAE Systems, Barclays, Intel, Shell and Siemens:

- On average, CR budgets fall somewhere between US$100,000 and US$1 million.

- As expected, larger companies generally have larger CR budgets although 4o percent of respondents had a CR budget falling in to the US$100,000 to US$1 million bracket in both small and large companies.

- A plurality of companies with more than 10,000 employees (40 percent) spend just as much as a plurality of small companies (also 40 percent), suggesting that either smaller companies are overspending or larger companies are underspending.

- Six percent of small and large companies had NO CR budget

- When asked to give figures for full-time and part-time staff, vendors and consultants, more than a third of companies said they spent nothing on consultants and vendors.

- A quarter of companies spend between US$10,000 and US$100,000 on consultants and vendors.

* Statistics taken from the new Melcrum research report "How to structure the corporate responsibility function" by Jason Sumner.

Blogged on 6:41 PM by Upay

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