Sustainability news - June 2016
Our sustainable travel week
As a responsible business we support our people to travel sustainably. During our annual sustainable travel week we asked our people how they travel to work so we can focus support on the right areas.
Over 1500 of our people responded. Public transport was the most popular with active travel (walking, running and cycling) coming second meaning 84% of responders are travelling sustainably.
We supported Carers' week
It's estimated that one in nine people in the UK have caring responsibilities. That could be as many as 600 of our people, so we were proud to support Carers Week 6 - 10 June We held an event to bring together employers, caring charities and colleagues to share best practice and discuss some of the challenges faced by carers.
Our commitment to provide a working environment where our carers' are valued and supported means we are accredited as a Carer Positive Employer. We work to encourage other employers to support their carers' and to take up the accreditation.
Our statement at the WPP AGM
As stewards of our clients' investments we consider the impact on profitability of investee companies when environmental, social and governance (ESG) issues are not managed effectively.
In June our Head of Stewardship and ESG Investment, Euan Stirling, attended the AGM of WPP plc. Euan gave a statement providing our views on succession planning for CEO Sir Martin Sorrell and our concerns regarding his remuneration arrangements. This action followed our statement at the 2015 AGM, and subsequent engagement on these topics. At the AGM, together with 33.5% of shareholders, we voted against WPP's remuneration report. Euan said WPP's current remuneration plan could hand Sorrell more than 15 times his £1.15m salary. "We expect that is more than would be required to recruit, retain or motivate even someone with the redoubtable talents of Mr Sorrell."