Environmental, Social, and Governance Framework (ESG) Overview
ESG (Environmental, Social, and Governance) is a framework used by organizations to evaluate sustainability and ethical impact. Incorporating ESG practices can lead to improved reputation, workforce, risk management, access to capital, and business resilience. Compass is committed to environmental stewardship and social responsibility, aligning with an ESG Strategy Group and Sustainable Advantage. The ESG Policy has been updated to reflect current commitments and practices, with a focus on governance, environmental, and social initiatives.
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Environmental, Social and Governance Framework (ESG) October 2023 1
Exec Summary ESG (Environmental, Social, and Governance) is a framework used by organisations, investors and other stakeholders to evaluate the sustainability and ethical impact of an organisation's operations and practices. ESG factors are considered beyond traditional financial metrics when assessing the overall performance and value of a company. Companies that integrate strong ESG practices into their business strategies often enjoy benefits such as improved reputation, thriving workforce, reduced risk exposure, access to capital, and long-term business resilience. As a responsible organisation with care at the core of it s values, Compass seeks to ensure it is providing environmental stewardship so current and future generations can enjoy a good quality of life and in working together as a community, we wish to instil an ethos of environmental and social responsibility to our children, colleagues and stakeholders. An ESG Strategy Group led by Senior Leaders will meet on a quarterly basis, informing the direction of travel for the overarching strategy. On a monthly basis, JW/SH will meet with Sustainable Advantage (our ESG partners) to hold ourselves accountable and review performance against targets. The ESG Policy has been updated to reflect current commitment and practice in relation to ESG at Compass. As part of our Social strand, we need to make a decision on which charity we wish to align ourselves to.
Environmental, Social and Governance Framework (ESG) Mission ETHOS: By embracing inclusivity and nurturing well-being, we encourage involvement with others and the environment and offer many paths to learning and achievement. Our ethos is encapsulated by our ESG strategy. Vision ETHOS SOCIAL GOVERNANCE ENVIRONMENT NET ZERO PROJECT Eco Warriors Environmental Group Waste Energy Environmental Protection Transport Carbon
Sustainable Advantage Assessment Framework The ESG Strategy group will adopt this framework to drive actions for change There are 13 material segments which collectively comprise 110 topics. To provide an overview of current ESG performance, we were assessed across all material environmental, social and governance and ESG integration topics.
Some examples of how we currently we commit to ESG: GOVERNANCE ENVIRONMENTAL SOCIAL Carbon emission reduction plan Diversity, Inclusivity and Equality Policy management Environmental Policy Line Management Development Policy communication and training Company Vehicle telematics Skills and Career Development Corporate purpose Procurement of renewable or low carbon (nuclear) energy Health and Wellbeing Employee Code of Conduct Employee Engagement Whistleblowing Policy Energy awareness green champion appointed Pay Equity Cyber Security programme Pay Levels Risk management and monitoring Waste data collection Ways of Working Business continuity E-Cars Retention Gender pay gap SMART office People Policies Internal compliance frameworks Digital meeting technology to reduce carbon footprint Health and Safety Case activity framework Customer Engagement and Satisfaction Safeguarding benchmarking panel meetings Training on sustainable practice Community Engagement Reg 44 Safeguarding HR Safety Service checks
How are we measured? Internal ESG Focus Group and Targets ESG Performance Tracker (hosts the Graphite metrics) Sustainable Advantage Assessment Framework Policy
Latest Compass ESG Assessment Results A total of 42 areas of ESG risk areas were considered. No areas flagged as red or amber. Eight areas were flagged as green advisory and 29 were flagged as green. Five areas in blue were scoped out as not material to Compass. A green advisory flag indicates recommendation for further work to be undertaken however is not considered a significant risk. The areas that require focus are: Supplier Vetting Retention & Engagement Whistleblowing Customer Engagement (systems and Litigation) Risk Management Community & social impact
ENVIRONMENTAL HIGHLIGHTS SOCIAL HIGHLIGHTS GOVERNANCE HIGHLIGHTS Policy Management Human Capital Environmental Management Compass Community strives to promote diversity, inclusivity and equity within the company. The children with whom Compass works represent a wide array of backgrounds and cultures. Compass understands it is important to nurture diversity within its workforce so that children and employees alike understand they are meaningfully represented Compass Community is mindful of its environmental impacts and has an Environmental policy in place to ensure a responsible approach Compass Community reviews and updates its policies regularly Compass Community has created and deployed its Think Sustainable, Act Responsible training course. The course serves to educate employees on corporate environmental programmes and initiatives taking place at Compass and how they, as individuals, can contribute positively. The course focuses on constructive action to improve their personal carbon footprints Responsible Business Conduct Compass supports multiple employee engagement groups dedicated to disability awareness, anti-racism, faith, mental health and ESG Compass Community has a suite of responsible business policies in place Compass Community is deeply committed to the wellbeing of its people. The company has recently added Medicash to its healthcare scheme, has launched a Mental Health Duvet Day and is now offering employees a Festive Half Day each year to be used by employees to celebrate/prepare for the holiday or festivity most meaningful to them as individuals Compass Community calculates its Gender Pay Gap, with no significant gaps identified Energy Compass Community s cyber security programme is Cyber Essentials accredited, demonstrating best practice The majority of Compass sites procure renewable electricity. Compass has plans to transition all sites to renewables soon. In addition, Compass has an energy consumption reduction plan in place. Solar panels have been installed at HQ Compass Community is committed to becoming a Disability Confident Level 1 employer. Compass is in the process of relaunching job descriptions to ensure they are as inclusive as possible. Compass is currently making plans to expand its job vacancy posting locations to include gov.uk recommended job posting sites that are specifically designed to harness those with disabilities ESG Management and Performance Greenhouse Gas Emissions Compass Community supports and contributes to six of the United Nations Sustainable Development Goals Compass Community reports its GHG emissions annually. It has a detailed plan in place to reduce emissions and has an established Net Zero date to which it has committed Compass Community has a strong ESG Committee in place. The committee comprises seven actively interested volunteers from all areas of the company, including senior management Compass Community is committed to paying all employees the Real Living Wage Foundation rate Fleet Compass Community proactively publishes annual ESG Impact Reports and Net Zero emissions reduction reports Health & Safety Compass has redesigned its driver training programme, ensuring all drivers now understand how to operate their vehicles in a safe and environmentally friendly way Compass Community sets annual ESG targets and is transparent with its stakeholders in relation to progress toward set targets A Health & Safety management system is in place, supported by a highly bespoke H&S policy Telematics are installed in 100% of Compass Community s vehicles Compass Community is in the process of implementing effective systems to capture and report material ESG metric data to stakeholders annually Compass Community has pledged to only purchase vehicles from local retailers, reducing the amount of carbon used to transport vehicles from point of sale to residential homes or schools
Recent Developments and Coming Soon Delivered Anti-Bribery Training for Senior Mgr s and relevant staff. Responsible Procurement and Partnerships Policy Updated Supplier Code of Conduct Policy & Ethical Business Policy Revised Environmental, Social and Governance Policy, Environmental Policy Recent Developments Distributed Terms of Reference for Operations Board Members Broadened cohort of staff attending project group Collating data to develop reporting on mode of transport, distance and working arrangements on our colleagues. Implementation of ESG Strategy Group Implementation of a Community Investment Register External Whistleblower provider ESG Survey Coming Soon Finalised DD Report Identify charity partners All managers to attend Think Sustainable Act Responsible Training Solar Panels in some homes, offices and schools (where applicable) Charging points in some offices Use green suppliers for eco friendly products
