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By working with community colleges and state universities in Connecticut, Travelers offers students from
underserved populations paid full-year internships and
scholarships that cover the cost of tuition and books.
Each intern is also matched with a mentor, who provides career advice and support. Participating students
who complete their associate’s degree can apply to
Travelers for full in-state tuition for a bachelor’s degree. In Minnesota, scholarships are coupled with job
shadowing and career fairs. Travelers is working to expand the program to include internships and mentors.
In Baltimore, Travelers is partnering with Morgan State
University to create an actuarial sciences curriculum.
The insurer is also partnering with nonprofit organizations to help high-school students prepare for college.
“Students who will become the work force of the
future will benefit from our investment in this program,” says Hayes. “Likewise, our business will benefit
from our ability to recruit from a diverse pool of talented candidates. Finally, communities will benefit as young
citizens become effectively engaged in their own future
and participate as productive members of society.”
have to address the growing segment of the
population that’s at the bottom of the ladder.” His advice: Identify places of worship,
racial/ethnic-based organizations, public-housing groups, even parent-teacher associations that are engaged in the community,
and then meet with their leaders regularly
to determine their needs. “If companies are
genuinely interested in hearing the voice of
the people and getting an authentic sense of
what’s going on in a community, that’s the
way to do it,” Millett says.
ENVIRONMENTAL
SUSTAINABILITY
Green has long been the color
of money. But more recently, it’s
become the color of business
because sustainability is an op-
portunity for companies. It’s about managing
all of a company’s resources—people, prod-
ucts, facilities—in ways that sustain opera-
tions into the future. Compliance explains
some of the recent interest (in Europe, for
instance, regulations dictate what substances
can and can’t be used in the electronics and
chemicals industries), causing companies to
reengineer their manufacturing processes.
But compliance alone doesn’t explain the
sudden interest in the environment, says
Stephen Stokes of AMR Research, because
“manufacturers have been dealing with envi-
ronmental regulations for decades.”
Instead, it’s the public concerns of some
economists, politicians, business leaders
and scientists that globalization is having an
irreversible impact on the earth. The result:
Stakeholders are turning to businesses to
tackle climate change. A recent online survey
of 28,000 people worldwide by Nielsen
Media Research found that 87 percent of
the respondents considered it important
that the companies they do business with
