Corporate philanthropy in Australia is thriving, according to a new article on QUT Business Insights. Over the past financial year, giving across large, medium and small enterprises has totaled $17.5 billion. Though larger businesses make up only 0.2 per cent of the Australian business population, they’re now more likely to give, and in greater amounts, than others, highlighting a significant change around ideas of corporate social responsibility.
“This is a significant shift from ten years ago,” says Associate Professor Wendy Scaife, director of QUT’s Australian Centre for Philanthropy and Nonprofit Studies (ACPNS) and the Giving Australia study. “Back then it was small businesses who cumulatively were the biggest givers in the country.