Powerday social value contribution climbs to £12.5million
Powerday has increased the company’s social and local economic value (SLEV) contribution by over £1.1 million this year, reaching a high of £12.5m through our core business and community support programmes for the latest financial year.
Our greatest contribution lies in promoting local skills and employment, with £8.8million of value derived from employing over 81.4% of our team within a 15-mile radius of our head office at Old Oak Sidings. Employees have been further supported with £32,000 worth of wellbeing initiatives, £8,000 worth of apprenticeships, £6,000 worth of equality, diversity and inclusion training, and over £4,000 worth of support to reduce the gender pay gap.
Charlotte Bones, HR & People Advisor, says: “These social value figures reflect our investment in creating decent work opportunities in our local area and in supporting our employees to enable them to flourish.”
With our strategic focus on moving waste up the waste hierarchy and keeping materials in the circular economy, we have also made a significantly increased contribution through recycling over 32.000 tonnes of hard-to-recycle wastes. This represents a staggering 150%+ increase on the previous year, largely due to our partnership with Plasterboard Recycling Group.
Anthony Davitt, Sales Director says: “This huge increase in recycling reflects our efforts to support clients in reducing the environmental impact of their waste and demonstrates how we are delivering social value through our everyday business.”
Our continued commitment to supporting our local communities, and in particular improving health and wellbeing for disadvantaged young Londoners saw us deliver over £268k of value to our communities. This included £240,000 supporting wellbeing initiatives in the community, over 1,000 hours spent supporting voluntary, community and social enterprises (VCSEs), £70,000 donated directly to these organisations, and 144 hours spent on local school and college visits.
Edward Crossan, CEO says: “We are proud to have delivered increasing social value contributions every year since reporting with the Social Value Portal. We remain committed to being a responsible business, helping to protect our planet, and improve the lives of our employees and the communities around our sites.”
Powerday’s social, economic, community and environmental contribution is measured using the TOMS national framework and verified by Social Value Portal. This latest report covers the financial year August 2022 to July 2023 and represents our fourth year of reporting through this independent system. In these four years of reporting, we have delivered over £44million in social value. For every pound our clients spent with us in that period, £0.20 has contributed towards the wider community.
We were pleased to have awarded this contract to Powerday. They have delivered their services efficiently and reliably, achieved high recycling rates and 100% recovery, meeting our requirements throughout the project. They have been easy to deal with, reasonable and fair. We have been particularly impressed with their account management and waste reporting capabilities
Dave France, Project Director, Ecoworld Ballymore