The the UK’s largest food-and-support services business, Compass Group UK & Ireland, has generated over £2.1bn in social and local economic value over the last three years, the company has revealed.
In 2023, a social and local economic value of £838.1m was achieved – an increase of 42% from 2021 – that represented an average contribution of more than £16,000 in social value per Compass employee.
Since then, the company has generated £17.2m of social value through interventions such as investment in skills, community support and social enterprise engagement.
Validated by Social Value Portal using the Social Value TOM System*, the figures reflect the company’s continued focus in this area, an effort that led to an increase in local employment and positive actions in relation to its people, community support and social enterprise engagement.
As one the UK’s largest employers, £831.5m of Social and Local Economic value was generated as a result of the company employing 44% of its workforce within 15 miles of their homes.
Key Social Value impact highlights include:
- 3,469 new weeks of apprenticeships delivered
- Over 17,000 weeks of apprenticeship upskilling delivered
- Over 600 apprenticeships underway
- Investment in apprenticeships and skills development
- Support to get people into employment and school engagement programmes.
- Over 32,000 hours of Diversity & Inclusion training undertaken
- More than 330 contracts paying Real Living Wage (RLW) – an additional 20,000 workers now in receipt of RLW or above
- Launched a new career hub specifically for people who are from a range of backgrounds who are facing barriers to entry into the job market
- Spent £4.4m with social enterprises
- Donated over £295k and fundraised over £176k
- Provided 106k children with culinary and nutritional workshops
- Created an industry leading climate Transition Plan reporting a -9.4% absolute reduction in emissions (Scope 1, 2 and 3) inclusive of 20% business growth (FY19 – FY23)
Commenting on the company’s Social Value impact, Robin Mills, CEO, Compass Group UK & Ireland, said: ‘Our ongoing commitment to delivering social value for the many communities in which we operate is part of our DNA.’
‘The progress we have made is a result of the many hard-working people we employ across our business and in the communities in which we operate.’
Guy Battle, CEO, at Social Value Portal said: ‘As one of the UK’s largest employers, Compass has harnessed its extensive operational reach to drive positive change across the nation.
‘Their approach exemplifies true social value, not just a commitment in a bid, or a one-off initiative, but an organisation-wide ethos that is woven into business strategy. From their supply chains and corporate policies to their climate, social and wellbeing promises, they are aiming high and playing a key role in the development of the social value economy.’
To read the full report visit here.
www.compass-group.co.uk