Corporate Responsibility (CR) is an integral part of our culture and, in order to ensure it is embedded within our business and managed and dealt with at the appropriate level, Philip Mallinckrodt, an executive Director of the Schroders plc Board oversees this area.
We have policies in place to ensure that we behave in a socially responsible way in its day-to-day activities and, as a major investor, we monitor the activities of the companies in which we invest and use our influence as a shareholder to encourage these businesses to act responsibly.
If you have any comments on what we have done so far or on how we can improve further, then please email us at email@example.com
Identifying, retaining and developing a deep pool of talent is one of our key strategic goals.
We recognise that good communication is important to ensure that employees are engaged and committed to the firm and our strategic goals. We communicate regularly through a variety of channels, including management briefings, an in-house magazine and TV channel, and online news articles.
Annual employee meetings are also held to facilitate the exchange of views with senior management and discussion of the progress made by the Group. In the UK, an Employee Forum provides an additional channel to represent employee views to management.
Competitive remuneration is one of the keys to achieving this goal and our approach to remuneration is explained in the Remuneration report of our 2013 Annual Report.
We are committed to minimising the environmental impacts of our operations and to delivering continuous improvement in our environmental performance.
In 2013, we used DEFRA’s conversion factors to calculate our CO2e emissions for all office locations. In 2012, we used DEFRA’s conversion factors for UK reporting, and either local conversion factors or guidelines from the UN for all other office locations. The total CO2e emissions data disclosed is consistent with our Carbon Disclosure Project submission which will be externally verifi ed during 2014.
Our total carbon output has decreased by 11 per cent, which reflects our continued investment in energy efficiency measures. Building on this, we have set ourselves further targets from 2013 and we hope to reduce energy consumption in the London office by a further 10 per cent. by the end of 2017, and to reduce greenhouse gas emissions by 10 per cent. over the same period.
In 2013, we donated £1.0 million (2012: £1.2 million) to charitable causes around the world, which included discretionary donations of £300,000 to charities involved with social welfare.
Our approach to charitable giving focuses on employee choice, and we support and encourage employees to raise money for the charities that matter most to them. These fundraising efforts are matched by the firm up to £2,400 per employee, per year.
We also operate payroll-giving schemes in a number of our offices. In the UK, 25 per cent. (2012: 25 per cent.) of employees donated in this way in 2013, and the firm made charitable matching donations of £311,000 (2012: £280,000) to support these. We once again received the Payroll Giving Quality Mark Platinum Award from the Charities Aid Foundation in recognition of this achievement.
In keeping with our focus on employee community involvement, employees in many of our offices are encouraged to take up to 15 hours of paid leave each year to volunteer their time to work with a charity of their choice. If the volunteering they wish to do takes place outside working hours, our employees can claim 'volunteer time matching' to secure a donation for the charity they work with.
More information including stories, case studies and videos on our charitable activities can be found on our website www.schroders.com/cr.