Community investments FY19 - FY21 ($',000)1
|Pro bono time - ERM Foundation2||331||269||132|
|Pro bono time - Strategic partners3||281|
|Proportion of Profit8||1.05%||1.00%||0.82%|
|Employee contributions9, 10||141||198||69|
1 From FY21, the presentation of information has changed. In-kind support has been moved from Direct contributions, with pro bono support to Strategic partners listed separately.
2 Pro bono hours are registered by consultants on approved ERM Foundation projects. For ERM Foundation projects, pro bono time is calculated at 80 percent of hourly chargeout rate.
3 From FY21, the pro bono time of ERM employees provided to ERM's strategic partners has been split out from in-kind support to provide visibility to this contribution.
4 In-kind support includes salaries and direct costs for employees responsible for the ongoing operations of the ERM Foundation. Prior to FY21 pro bono time provided by ERM to external partners was included in this calculation.
5 Matching funds are made on a 75 cents for each dollar donated basis, for most employee donations in all regions. From 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.
6 Charitable contributions made to organizations other than The ERM Foundation.
7 Membership fees for global sustainability-focused organizations, where ERM actively contributes to thought leadership activities.
8 Calculated from prior fiscal year’s Earnings Before Interest, Tax and Amortization (EBITA).Therefore, FY21 percentage calculated using FY20 EBITA figure etc.
9 Funds raised by employees to support the ERM Foundation and other charities/nonprofit organizations.
10 In FY21, there was a reduction in funds disbursed due to the impacts of the pandemic.
This information can be found in the Financial Overview section on our website (erm.com). FY21 data will be updated when finalized in late 2021.
Please click here for more information