Verisk has adopted a three-tiered approach to reinforce the company’s commitment to social responsibility through philanthropy: major sponsorships, community grants, and our Matching Gifts Program.
Verisk seeks unique philanthropic opportunities with leading organizations whose mission and activities complement Verisk’s expertise and brand. The company awarded multiyear gifts in 2015 to GeoHazards International (GHI) and Girl Stats and, in 2016, to the Global Village Energy Partnership.
Verisk became a major sponsor of GHI, which promotes the adoption of modern building codes, land use planning, science and engineering education, and innovative risk reduction techniques among the world’s poor and underserved communities.
The organization is using an initial portion of Verisk’s gift to fund a feasibility project in Bhutan, a small, earthquake-vulnerable country in the eastern Himalayas. The project seeks to determine the feasibility of manufacturing and installing “earthquake-protective desks” in Bhutan’s schools to improve the level of protection for children in the largely adobe and unreinforced masonry structures. Prototypes of earthquake-protective desks—each sheltering two children—have proven to withstand exceptionally heavy loads while still being light enough for children to move as needed.
In addition to Verisk’s funding, AIR Worldwide will help assess the vulnerability of Bhutan’s existing school buildings and provide probable damage and casualty estimates to quantify the benefits of the desks and prioritize their placement.
Watch the following video to learn more about the GHI program and how inventors Arthur Brutter and Ido Bruno worked with local carpenters and welders to manufacture the desks. Watch their story and the results of a dramatic “crush” test highlighting the strength of the desks.
Verisk’s sponsorship will enable the rebranding and innovative strategic redesign of the public online platform currently known as Girls Discovered. First created in 2009 through collaboration between the United Nations Foundation, Verisk Maplecroft, and a private foundation, the platform provides comprehensive data, analytics, and maps illuminating the challenges faced by adolescent girls and young women—an issue of global consequence affecting governments, policy makers, and businesses. Leading companies worldwide recognize the correlation between the status of women and economic development and consider women’s and girls’ rights to be an important factor in supply chain risk.
Verisk’s support, coupled with project management leadership from subject matter experts at Verisk Maplecroft and skilled volunteers elsewhere in the company, will help develop new data and indicators for topics including:
Please visit the new platform and website (www.girl-stats.org) to learn more.
Energy 4 Impact
A multiyear gift to Energy 4 Impact will help support sustainable energy in developing countries, with particular emphasis on Africa. To date, the organization's initiatives have provided more than 12.5 million people with access to clean energy. Through the use of low-carbon technologies, an estimated 9.1 million fewer tons of carbon dioxide have been emitted into the atmosphere. And by supporting the development of a wide range of businesses, Energy 4 Impact has helped create more than 8,100 jobs in Africa. Verisk’s gift will also provide an opportunity for our colleagues at Wood Mackenzie to engage directly with the company, learn more about the application of sustainable energy solutions in Africa, and share relevant expertise and data in support of Energy 4 Impact initiatives.
Verisk awarded financial grants to a variety of local and national organizations, either serving communities where our businesses are located or otherwise addressing important challenges of interest to our employees.
Grant recipients include:
Matching Gifts Program
Through this long-standing program, Verisk has helped support thousands of qualifying charitable and educational organizations by matching individual gifts made by employees and their spouse/partner (up to $5,000) and retirees (up to $2,500). The program also matches aggregate amounts contributed by employees through their participation in group fund-raising events, such as the “Jeans Friday” program. These events help numerous organizations, including the International Rescue Committee, the Boys and Girls Clubs of America, and the United Way.
We’ve recently expanded eligibility to include organizations outside the United States that are registered in England and Wales with the Charity Commission, in Scotland with the Scottish Charity Regulator, and with the Charity Commission for Northern Ireland.