While many companies engage in corporate social responsibility just to be in good books with the authorities, at Stream Energy philanthropy is part of their culture. Stream, a hugely successful energy sales company, is fully dedicated to philanthropy; a culture the company has adhered to since it was established in August 2004 by Rob Snyder and Pierre Koshajki.
The Dallas based company recently established a welfare foundation dubbed, Stream Cares, to advance its philanthropy causes in Texas and the entire states of the U.S. Stream Energy is not one of those companies to just write a check and sit back in the offices hoping the check will solve everything. Rather, Stream, through its employees, is directly involved in the lives of the people they support.
This was the case in Houston, when Hurricane Harvey hit the region, leaving in its path, devastating effects that led to the loss of livelihoods of many people. Stream Energy was the first company to engage the victims of the hurricane, availing food, medicine and temporary shelters for the victims, besides helping them build their financial lives back up again.
The decision of Stream Energy to establish the charity branch, Stream Cares Foundation, although, not a common practice for many corporations, is a big stride towards fulfilling their social responsibility. The Stream Care Foundation will not only be beneficial to more people in the community but also gains Stream, massive accolades from customers and shareholders who feel they are part of a noble act in the community.
Having already established long-standing collaborations with notable charity groups such as the Red Cross and Habitat for Humanity, Stream Energy is better placed to spearhead to identify and support the most effective philanthropic causes.
Top on Stream’s list of noble causes is their goal to eradicate or contain homelessness in Dallas. To spearhead this cause, Stream came up with Hope Supply Co. Through the Hope project, Stream Energy is able to establish the number of homeless people in Dallas and direct their funding towards the cause. Additionally, Stream’s annual Splash for Hope initiative gives the company’s employees and associates an opportunity to directly be of service to the homeless, by serving them food and helping them get a roof over their heads