Abstract
This study aims to analyse the role of corporate volunteerism in the framework of corporate social responsibility of enterprises. After reviewing the active components in the employee volunteering concept, we present the steps taken at the European level in this area, focusing on Spain’s situation. We start with a search and comparison of information on the topic published by the major Spanish listed companies. This first approach verifies that the data are disclosed from various sources and presented heterogeneously. Then, we identify the sector that concentrates a more significant number of employees in volunteer activities. Subsequently, we focus on this sector to explore the type of volunteer activities these companies reveal according to Spanish legislation. The study sheds light on corporate governance practices, especially the disclosure of information about this activity type.
Highlights
Corporate volunteerism has benefits for enterprises, their employees, non-profit organisations and the government
This paper aims to investigate the involvement of employees in corporate volunteering in major Spanish listed companies
This study examined the role of corporate volunteerism in the framework of corporate social responsibility in the IBEX35 Spanish companies
Summary
Corporate volunteerism has benefits for enterprises, their employees, non-profit organisations and the government. Corporate volunteering can improve the working environment, job satisfaction or professional loyalty (Barkay 2012; Basil et al 2009; Caligiuri et al 2013, 2019; Caligiuri and Thoroughgood 2015; Licandro et al 2018; Sajardo Moreno and Bonet 2014). This practice has even been shown to reduce absenteeism (Siddhartha and Priyanka 2012). It allows them to access otherwise unattainable funds, media, technology and resources (Lemonche 2011) It develops the feeling of a shared social project (Jané 2007), increasing the joins between the volunteers and the non-profit organisation. It satisfies economic, cultural, educational or health social needs that would not be carried out if the volunteering did not exist (Sajardo Moreno and Bonet 2014) and, improves the quality of life of the community (CODESPA and European Volunteer Centre 2013), so these practices improve the welfare state
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