Monument Wealth Management
Small Business Nominee
Brittany Dewberry, Brand Manager
1. Why do you believe CSR strategy is important for a company?
Corporate social responsibility is important on so many levels – for the employees, the company and the greater good.
If one person can impact a cause, think about how much of a difference a whole team can make. CSR can get more people involved in community service than would have otherwise participated, benefitting the greater good. Individuals who may not have volunteered on their own would give it a try in a fun, group setting, and might find it very fulfilling, becoming inspired to volunteer on their own or with friends and family.
CSR is important for a company’s teambuilding, brand and growth. Working on a productive project together outside of the office can be a great experience for a group and allow people to bond in a more casual atmosphere. Helping the community creates positive publicity for your company and may even build your business through expanding your network and sharing a passion with current and future clients and business advocates.
While CSR has a lot of benefits, don’t forget it’s the actual strategy and thought behind it that allows you to maximize the benefit of your team’s efforts for both your company and the cause.
2. Do you believe that the CSR work you participate in should be affiliated with the work you/your company does?
It certainly makes sense to align your CSR mission with your company’s mission! If you, your employees and your clients are already interested in, knowledgeable and passionate about your industry then it is smart to shape your CSR efforts around your work. However, I believe it’s also a great opportunity to find out about your Team’s outside interests; see what speaks to them most, and honor it to show your appreciation for them.
3. What makes your company stand out compared to other companies participating in CSR?
Our CSR efforts don’t just focus on volunteering for or donating to one non-profit or one cause - that’s just a piece of it. We like to think our CSR efforts that led to our Northern Virginia Chamber of Commerce Outstanding Corporate Citizenship nomination are from applying our mission of deeply impacting lives to four main areas of focus: Our Families, Interns, Clients and Community.
To be socially responsible, we believe we must start with nurturing our own families. That’s why we have flexible policies that allow us to come and go as needed for appointments and to care for family and friends. We also have flexible benefit packages that allow us to customize our benefits to meet our individual and family needs.
Next is our internship program, through which we host anywhere between 3 and 15 interns per year. We want to help these college and high school students gain experience and valuable mentorship while also helping to shape the future of the financial industry for the better.
Our CSR of course is very much about our clients. As an independent firm and Registered Investment Advisor, we are true fiduciaries, always putting our clients’ interests first. As Financial Planners we help many local business owners and individuals identify their goals, and help them set a plan to achieve those goals.
We care for our community through volunteering and making donations to local, national and worldwide non-profits, both individually and as a team. A list of non-profits our company has been involved with as a Team is located on our website.
4. Do you believe contributing back to the community allows your company to have a deeper connection with its clients/customers?
Of course. We believe a major reason our clients originally decide and continue to work with us is because of our culture…and a large part of our culture is our CSR in the four areas outlined above. We also gain deeper connections and occasionally partner with our clients who are involved in non-profits and on Boards, to support their cause. Many clients choose to give back to the community financially, which is where our financial planning comes in - we advise them on the most effective ways to make charitable contributions with the biggest impact.
5. What advice would you give to companies trying to participate in CSR?
Get ideas from your Team – what are your employees passionate about, and why? You’ll likely learn a lot about them, and if you all share a mission, it will be a fulfilling experience.