Texas-based Energy company Stream Energy is one of the few corporations in America to have a foundation solely dedicated to community outreach. Through their “Stream Cares” foundation, the energy companies have managed to do an incredible amount of good for their respective communities. Most recently, Stream Cares was one of the first charitable foundations on the ground after the devastating events of Hurricane Harvey that left many without homes and food. There is no doubt that Stream Energy is changing how charity is done in the business industry.
Philanthropy is nothing new to Stream Energy, in fact, philanthropy is a huge part of their company culture, so much so that employees often volunteer to provide aid for those in their community. For example, one passion project for many Stream Energy employees is their work to aid the growing number of homeless children in the Dallas area. Every year in conjunction with Dallas-based Hope Supply Co. associates band together to not only provide these children with basic necessities such as food and school supplies but raise funds to give these children a day at a waterpark, a day where they can forget about their problems and just be children.
Although many high-level executives are attempting to emulate Stream’s foundation, Stream Energy still holds the advantage through their unique business model. Upon being hired by the company, associates are given the task of creating a number of networking groups within their community which then provides them with the ability to offer their potential customer’s fixed rate energy plans. So, how does this tie-up with philanthropy? It’s rather simple, see many of the associates like to keep in contact with their customers in order to ensure their continuing satisfaction with the service, through this method strong bonds are formed and the lines of company and community are blurred. The strategic moves of creating a company culture of philanthropy have no doubt increased the companies brand name value for years to come.