In March 2018, patch.com documented Stream Energy as one of the giant US-based company that cares about the community it serves. The proclamation was made after Stream launched Stream Cares Foundation, a charity that would help the destitute victims of Hurricane Harvey.
A Spotlight on Stream Energy’s New Foundation
Stream’s management says that it launched their charity organization to reinforce their philanthropic activities. They have been supporting important causes like healthcare, education, and women empowerment since their inception.
Stream Cares Foundation will help Hurricane Harvey’s victims to start a new life after Harvey’s floods swept their homes, valuables, pets, and even their loved ones. In particular, the charity would help the victims to reconstruct their homes, as well as start economic projects that would mend their financial health.
Speaking after the initiation of the charity, Stream Energy’s senior management attested that their company’s generous act was a classic illustration of corporate philanthropy. Moreover, the management acknowledged that giving back to the society was part of their brand.
While Stream Cares Foundation’s primary role is to support the underserved community, CSR experts say that the act would improve Stream’s reputation. Furthermore, it would enhance customer loyalty, as well as woo prospect consumers.
About Stream Energy
Stream Energy is a direct marketing company that was founded in 2005. The company specializes in telemedicine, virtual healthcare, telecommunication, and other crucial consumer services.
Besides, the direct selling company focuses on home services, renewable energy, investing, natural gas, and protective services.
What is direct marketing? It is a business strategy whereby a company promotes its products or those of its affiliates directly to the consumer. The process does not involve a middleman. Instead, it directly persuades a potential customer to visit the manufacturer’s website, and or make a purchase.
In less than two decades, Stream Energy has made tremendous achievements. It generates annual revenues of up to $8 billion, and it is honored as one of the most reputable electric retailers in the United States. At present, Stream serves New York, Ohio, Texas, Maryland, Georgia, and some select US states. It hires about 500 employees.