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The Social Value Portal has measured the social impact of Compass Group UK & Ireland’s work for 2022 at £718 million, this includes a 40 per cent increase in social value, now worth £7 million. This investment has been achieved by positive interventions and activity the company has taken in relation to its people, community support and social enterprises.
As one the UK’s largest employers, an additional £711 million of local economic value has been generated, as a result of the company employing over 19,000 of its 45,000 people within 15 miles of their homes. This is an increase from £590 million in 2021.
Social value measurement looks at the social, economic and environmental benefits of a business. Using the measurement framework, the Social Value TOM System ™ 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.
Key social value impact highlights for 2022 included:
- Over 1,500 employees on career pathways
- Over 600 apprenticeships underway
- 14,000 hours of Diversity & Inclusion training provided
- More than 300 contracts paying Real Living Wage
- Spent £3 million with social enterprises
- Over 800 hours spent on mental health campaigns
- Donated 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.”
Guy Battle, CEO, at Social Value Portal said: “Having worked with Compass Group UK & Ireland for nearly two years, we have seen first hand the organisation’s inspirational approach – and ongoing commitment – to delivering Social Value for the many communities in which it operates.
“Behind every single pound of the £718 million, there is a life: a person, a family and a community that will benefit. This in turn leads to a stronger, more resilient and productive society – which is what Social Value is all about.”
