FMJ Facilities Management magazine providing industry-specific intelligence to FM and property professionals
Working with Social Value Portal, Compass Group UK & Ireland has had its social value measured, resulting in a total social and local economic value of £591 million.
The majority of this figure is made up of the company’s local economic value (£587 million), employing over 17,000 of its 45,000 people within 15 miles of their homes.
Significantly, its work with apprenticeships, community support and social enterprises have also contributed towards its overall social value impact.
The social value measurement looks at the social, economic and environmental benefits of a business. Using the National TOMS Social Value Framework, the report assessed how the company’s activities and initiatives have been carried out and generated value for local people, communities and society in which they work.
As a result of the social value measurement, Compass has produced a ‘People and Communities Impact Report’, that outlines the work it is doing to support its employees, clients and communities.
Key social value highlights include:
- Over 8,263 weeks of apprenticeship training delivered to support 301 apprentices; with a further 600 apprentices being supported now
- £1.2 million spent with social enterprises in 2021 and a further £5 million spent in 2022
- Over £230,000 invested in mental health support for employees
- 7,260 hours of equality, diversity and inclusion training delivered
Chris Chidley, Compass Group UK & Ireland Social Value Executive Team Sponsor said: “As a large employer, we recognise we have the ability to change people’s lives, as well as have a positive impact on the communities in which we work.
“It’s been really interesting to have our social value measured and we are delighted to see the positive impact we are making in communities and for our clients around the country. We see this initial measurement as a great baseline to build on. We know we already do some great work, but having this insight helps us to identify where any gaps may be and areas that may require further focus. We are looking forward to seeing how our social value has further grown as a result of the activity we have carried over the past 12 months. Supporting both our communities and our people is central to who we are as a business.”
Guy Battle, CEO, at Social Value Portal added: “It has been great to see Compass fully embrace delivering social value as part of their business DNA. As a leading UK employer, the commitments being delivered through their Social Promise are phenomenal and demonstrate the significant positive impact organisations can have on local economies and society, which is especially important given the times we are living in.”
FMJ in conjunction with Grundon Waste Management is pleased to launch the 2023 waste management and recycling survey which examines the ways in which FMs approach their waste management responsibilities.
In this, the sixth year for the annual appraisal, we know there is a greater opportunity than ever for FMs to reappraise their waste and recycling operations and help their organisations meet the growing pressure to achieve ESG goals.
We want to learn how FMs have adapted to the legislative, economic and societal changes of the past year and how they plan to meet the latest waste and recycling targets.
In this survey we’ve posed a series of questions which include insights into FMs’ waste management strategy and targets, how they’re moving towards zero waste targets, and the importance of not just meeting compliance targets but also ESG goals.
The results of the 2023 survey will be published in FMJ magazine and form the basis of a white paper co-written by FMJ and the experts at Grundon on how to approach waste and recycling strategies.
To take part click here.
