Employee Giving and Volunteerism
- Xcel Energy employees, contractors and retirees contributed $2.766 million to the 2011 United Way campaign, surpassing our goal of $2.725 million. This total was matched by the foundation, resulting in $5.532 million raised for local United Way agencies.
- We had our best United Way campaign ever in 2011, surpassing our overall dollar goal by 2 percent and hitting our goal a month earlier than 2010. In 2011, we rolled out a robust weekly United Way campaign reporting system to all vice presidents and above to provide real-time information on employee contributions in various parts of the company. This allowed leaders to target their communications more effectively, rallying employees or thanking them for their participation.
- We match employee and retiree charitable contributions of $50 or more dollar for dollar through our Matching Gifts program. Gifts are matched up to $750 for nonprofit organizations and up to $2,000 for higher education institutions.
- Our Dollars-for-Doing program encourages and supports employee volunteerism by making dollar donations for each hour employees volunteer. The foundation matches up to 100 hours per employee each year at a rate of $10 per hour.
- Full-time employees are eligible for 40 hours per year of Volunteer Paid Time Off. The total number of hours volunteered through this program increased by 33 percent in 2011.
- In late 2011, we launched a survey for employees and retirees to better understand their thoughts and behaviors relating to charitable giving. Results will be available in 2012.
Contribution to Economic Development »
About the Report
We published our first corporate responsibility report (formerly known as the Triple Bottom Line report) in April 2005, with the contents covering the 2004 calendar year, and we have published a similar report in each following year. Our report is based on Global Reporting Initiative (GRI) G3 Sustainability Reporting Guidelines, the most widely used sustainability reporting framework in the world. Additionally, we incorporate the GRI's Electric Utilities Sector Supplement indicators wherever possible.