What Community Engagement Means at PIMCO
At PIMCO, we understand that it’s our responsibility to effect meaningful social change, both as members of an organization and as part of our larger communities. With this in mind, we recently took measures to evolve our community engagement platform, giving people access to a broad set of tools to help them engage and build purpose beyond their day-to-day roles. Our new, fully integrated framework, which aligns focus with firm leadership, personal interests and the sustainable development goals of hunger and gender equality, is: Purpose at PIMCO.
First launched in 2007, PIMCO’s original volunteer programming was limited, supporting 23 events across various business locations. Now, more than 10 years later, our program opportunities and engagement levels have blossomed; in 2018 we mobilized 2,453 unique volunteers, including family and friends, who donated more than 14,000 hours of service back to the community. As a firm, our family of 2,600 professionals across 17 global offices engages in volunteer opportunities throughout the Americas, Europe, and Asia.
Purpose at PIMCO is our refreshed corporate citizenship program that builds on our past community work, while also delivering on our commitment today to strengthen, strategically align and focus our engagement efforts, while leveraging PIMCO’s values and core business to drive meaningful impact. We’ve also taken steps to holistically integrate Purpose at PIMCO with the goals of PIMCO’s Inclusion, Diversity and Culture teams and environmental, social, and governance philosophy within our Corporate Responsibility department. This broader collaboration enables us to better assess employee engagement and retention as an ROI strategically linked to PIMCO’s core business strategy, and as a tool to attract and retain top talent.
Tools of Engagement
Purpose at PIMCO operates through three distinct pillars: PIMCO Gives, PIMCO Acts and PIMCO Advocates. These pillars help us engage our clients, develop cross-sector partnerships, maintain focus on impact metrics, and support our PIMCO colleagues while fostering meaningful social change.