GRI 201-1
Community investments FY18 – FY20 ($’,000)
FY18 | FY19 | FY20 | |
Pro bono time1 | 329 | 331 | 269 |
DIRECT CONTRIBUTIONS | |||
Matching funds2 | 133 | 183 | 185 |
Charitable contributions3 | 2 | 12 | 12 |
In-kind support4 | 261 | 297 | 492 |
Membership5 | 122 | 182 | 216 |
Total | 847 | 1,005 | 1,175 |
Percentage of profit6 | 1.21% | 1.05% | 1.00% |
EMPLOYEE CONTRIBUTIONS | |||
Employee fundraising7 | 141 | 141 | 198 |
1Pro bono hours are registered by consultants on approved projects. Pro bono time is calculated at 80 percent of the hourly chargeout rate.2Matching funds are made on a 75 cents for each dollar donated basis, for most employee donations in all regions. A percentage of this budget is also used for seed funding as part of a program to support longer-term partnerships with nonprofit organizations, particularly in geographies where employee-led fundraising is more challenging.3Charitable contributions made to organizations other than the ERM Foundation.4In-kind support includes salaries and direct costs for employees responsible for the ongoing operations of the ERM Foundation and other professional support costs as well as time provided by ERM to external partners.5Membership fees for global sustainability-focused organizations, where ERM actively contributes to thought leadership activities.6Calculated from prior fiscal year’s Earnings Before Interest, Tax and Amortization (EBITA). For example, FY20 percentage is calculated using FY19 EBITA data.7Employee fundraising refers to the donations that have been disbursed during the financial year. This includes some donations received in previous years, but not disbursed until FY20. During FY20, a higher percentage than usual of reserves of employee fundraising from the United Kingdom and United States were disbursed, which accounts for the sharp increase in employee fundraising in FY20 compared to FY19. |
GRI 201-1
This information can be found in the Financial Overview section on our website (erm.com). FY20 data will be updated when finalized in late 2020.
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