Compass Group PLC provides food and support services. The Company’s segments include North America, Europe & Japan, and Fast Growing & Emerging. It provides breakfasts, lunches and dinners, and also offers hospitality services. The Company offers a range of soft support services, including cleaning, reception and some building maintenance. The Company delivers services in five sectors: business and industry; healthcare and seniors; education; defense, and offshore and remote, and sports and leisure.
Compass conducted a materiality assessment that led the company to identify several focus areas regarding its corporate social responsibility. Firstly, as a large distributor of foods to entities with enormous consumer bases, Compass has recognized the business and nutritional opportunities of providing healthier food options to its customers. Accordingly, Compass has reduced salt, sugar, and artificial trans-fats in many of its meals and strives to extend these efforts further. Compass has also shown a strong commitment to responsible sourcing practices; supporting sustainable seafood, Fairtrade, and locally sourced products. The company is part of the Roundtable on Sustainable Palm Oil and nearly three quarters of its fish is Marine Stewardship Council certified. In regards to the company’s employee base, Compass offers competitive benefits packages and engagement programs to its employees to reduce turnover within the company, the effects of which can be seen its retention rate of greater than 80%.
Although Compass has environmental reductions goals including energy and water efficiency as well as waste generation, these goals are only for the company’s corporate offices. Compass should expand its goals to include Scope 3 emissions, specifically to capture its transportation emissions, as the emission intensity of distribution is much larger than that of the company’s offices.
Industry: Consumer Discretionary
Country: United Kingdom
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.