- Leadership Perspective
- Sustainability At Lockheed Martin
- Stakeholder Engagement
- Performance Indicators
- GRI Index
- Governance and Ethics
- Engineering and Innovation
- Sustainable Sourcing
- Safety and Wellness
- Diversity and Inclusion
- Community Relations
- Supplier Diversity
- About this Report
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To increase the impact of our giving by aligning it with key societal issues and our business strategy.
In 2012, we initiated a wide ranging review of our charitable giving program. Our goal was to increase our positive impact in communities and ensure that our efforts align with key societal issues as well as our business strategy. We examined industry trends, interviewed executive management and surveyed external stakeholders. Based on this assessment, we shifted away from a 50/30/20 giving strategy —50 percent to Education, 30 percent to Customer and Constituent priorities and 20 percent to Community efforts—and now will primarily focus on two strategic giving priorities: STEM education, and military and veteran causes. This approach will be implemented over three years and will allow flexibility for donations to other important local community needs.
Lockheed Martin Philanthropic Contributions
Our employee giving totals are comprised of three elements: employee contributions to annual charitable campaigns, contributions to our employee disaster relief fund and contributions to our university matching gift program.
Annual Charitable Campaigns: We host a variety of charitable giving campaigns to encourage employees to make one-time or recurring donations to charitable causes in their communities via payroll deduction. Employee Disaster Relief Fund:
With offices around the world, our employees will inevitably be affected by natural or terroristic disasters.
We established a standing relief fund to assist employees based on an objective needs assessment in federally declared disaster areas or in the case of certain other disasters. Employees are encouraged to make contributions to build up the funds in preparation for disasters. University Matching Gift Program:
We sponsor a matching gift program for employee donations to colleges and universities. It recognizes the colleges and universities whose graduates contribute so greatly to our capability and growth. We match the tax-deductible portion of employees’ contributions dollar for dollar.
* The employee giving totals reflect employee portions only and do not include our University Match.
Employee Volunteer Hours
In 2012, we launched a new tool that allows employees to register volunteer hours. The tool offers increased reporting capabilities, but also requires details not previously required to track volunteer hours. As a result, total reported volunteer hours slightly decreased compared to previous years. Based on employee feedback, the Community Relations team refined the tool to increase future usability. Our overall employee population also decreased.
Where We Are Going
In the year ahead, we will strengthen our philanthropic giving program to align with our new strategic focus areas of STEM education and military and veteran causes. We will also seek quality partnerships that continue to make measurable impacts.
Additionally, we plan to increase our employee engagement and volunteerism efforts. For example, we’re enhancing an employee health and wellness campaign to get people involved in the American Cancer Society’s Relay for Life®, the American Diabetes Association’s Tour de Cure® and the American Heart Association’s Heart Walk®. These events target the top health issues faced by our employees and encourage employees to engage in their local communities.
|Top 10 Corporate Philanthropist, Volunteerism|
Ranked #1 in the Top 10 Corporate Philanthropist, Volunteerism, category of The Washington Business Journal
|Top 10 Corporate Philanthropist, Philanthropy|
Ranked #4 in the Top 10 Corporate Philanthropist, Philanthropy, category of The Washington Business Journal
|Outstanding Corporate Partner|
Named an Outstanding Corporate Partner by the Association of Fundraising Professionals, D.C. Chapter