This figure includes a 40% increase in social value, now worth £7m, achieved by actions the company has taken in relation to its people, community support and social enterprises.
The other £711m of local economic value has been generated, as a result of the company employing more than 19,000 of its 45,000 workforce within 15 miles of their homes. Compass is one of the UK’s biggest employers.
Social value impact highlights for 2022 include:
• Over 1,500 employees on career pathways
• Over 600 apprenticeships underway
• 14,000 hours of diversity and inclusion training
• More than 300 contracts paying Real Living Wage
• Spent £3m with social enterprises
• Over 800 hours spent on mental health campaigns
• Donations of £175,000 to local charities
• Providing 80,000 children with culinary and nutritional workshops
Chris Chidley, Compass Group UK & Ireland social value executive team sponsor said: “Social value is an important part of our DNA. Over the past two years our teams have worked to embed a social value mindset into our business.
“Our people work hard to provide great quality food and support services to all our clients and increasingly we are also providing more support to the local communities in which we live and work in too.
“As a business, we have made a commitment to support one million people with opportunities and change their lives through job creation, education, training, community and charitable engagement by 2030, through our Social Promise.
“This is seeing us drive real change. I am incredibly proud of what our teams do day in and day out. Thank you to all of them for the contribution they have made in delivering such a positive social impact.”
Social value measurement looks at the social, economic and environmental benefits of a business. Using the measurement 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.