Society supporting data
Data presented here support the Society and financial performance sections of this report and include data from FY18 acquisitions.
Global sustainability initiatives: ERM's contributions FY16 - FY18 ($',000)
|Pro Bono Time 1||244||314||329|
|Matching Funds 2||222||203||133|
|Charitable Contributions 3||15||15||2|
|Operational Support 4||504||371||261|
|Percent of Profit 6||1.00%||1.05%||1.21%|
1 Pro bono hours are registered by consultants on approved projects. Pro bono time is calculated at 80 percent of hourly charge out rate.
2 Matching funds are made on a 75 cents for each dollar donated basis, for most employee donations in all regions. In FY18, a percentage of this budget was also used for "seed funding" as part of a new program to support longer-term partnerships with nonprofit organizations, particularly in geographies where employee-led fundraising is more challenging.
3 Charitable contributions made to organizations other than The ERM Foundation.
4 Operational support includes salaries and direct costs for employees responsible for the ongoing operations of the ERM Foundation and other professional support costs.
5 Membership fees for global sustainability-focused organizations, where ERM contributes to thought leadership activities.
6 Calculated from prior fiscal year’s Earnings Before Interest, Tax and Amortization (EBITA). Therefore, FY18 percentage calculated using FY17 EBITA figure, FY17 percentage calculated using FY16 EBITA.
7 Funds raised by employees to support the ERM Foundation and other charities/nonprofit organizations.
This information can be found on the Financial Overview section on our website (erm.com). FY18 data will be updated when finalized end of November.