The Nordic gaming company, Paf, has pioneered an inventive method of corporate philanthropy known as the Employee 100k Good Cause Initiative. This initiative allows employees to allocate €100,000 ($109,260) toward diverse charitable causes and initiatives of their choosing.
Christer Fahlstedt, CEO of Paf, underscored the significance of enabling employee engagement in the decision-making process, saying, “We wanted to give employees a direct opportunity to influence where a sum of money should go. It is an initiative that is outside of Paf’s normal mission, but it is very close to our basic purpose.”
Every employee had the chance to nominate initiatives they deemed worthwhile, followed by a collective vote to select one among them. The allocation of funds to diverse charitable options was determined by the cumulative employee votes.
The CEO added: “It is important that everyone who works at Paf really feels that our main purpose is different and that it is something worth working for. At the same time, we all had the opportunity to end the year with a nice gesture.”
The allocation of €100,000 showcased a broad spectrum of causes that deeply connected with Paf’s employees. The top three encompassed support for children with cancer, aid directed to Ukraine, and assistance for animals. Prominent beneficiaries featured Barncancerfonden, a Swedish organization dedicated to eradicating childhood cancer, and Operation Aid, an NGO offering assistance to Ukrainians affected by the conflict.
These seasonal contributions constitute a segment of Paf’s extensive and continual philanthropic endeavors. Since 1966, the company has contributed over €400 million to various causes.
