For-profit companies place more importance on sustainability and diversity programs than nonprofits, according to a recent survey by PNC.
Some 70% of for-profit business leaders said social responsibility across the board is a very high priority, compared with 59% of nonprofit leaders, the survey found. Meanwhile, 23% of for profits said it was somewhat important, as did 32% of nonprofits.
Of those that indicated that social responsibility was important, 32% of for profits said environmental sustainability was their top concern, followed by diversity, equity and inclusion (22%) and employee benefits (13%). Sustainability was also the most common top concern among nonprofits, at 19%, ahead of ethical business practices (10%) and community development and outreach (10%).
For-profit groups were also more likely to have sustainability initiatives or programs than nonprofits, at 79% versus 67%. Additionally, 76% of for profits indicted they have DEI programs, while 59% of nonprofits said so.
PNC commissioned a survey in December of 120 for-profit executives and 120 nonprofit leaders. Most of the entities had annual revenue of $50 million or more, according to the report.
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
Also, wealth.com enters Commonwealth's tech stack, while Tifin@work deepens an expanded partnership.
Back office workers and support staff are particularly vulnerable when big broker-dealers lay off staff.
The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.
The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
