An investor benchmark has revealed that almost a quarter of the UK’s largest employers have improved their performance on workplace mental health overall in the past year.
CCLA Investment Management’s second Corporate Mental Health Benchmark- UK 100 ranks the largest UK listed companies across five overall performance tiers on their workplace mental health performance. The benchmark is targeted at investors and aims to provide them with data for corporate engagement on this issue.
It revealed that 24 out of 100 companies have risen up the rankings and 43% of companies recognise the link between fair pay, financial wellbeing and workplace mental health.
Since the inaugural benchmark in 2022, four out of 100 companies have made the top tier, with Centrica, Experian, HSBC and Serco Group performing strongest overall. The biggest improver, however, was Weir Group, climbing from tier four in 2022, to tier two in 2023.
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Peter Hugh Smith, CCLA’s CEO, said: “Healthy financial markets need healthy communities and the cost of mental ill-health among the corporate workforce is significant.
“For investors, it is very straightforward, we want to see companies taking positive steps to address this issue and we are confident that this will deliver a triple win – for employees, for employers and for investors. The risk of not doing so is too financially punitive.
“We have started the journey, the early results are positive, but it’s a long road ahead. Collectively as an industry we need to help companies to do more.”
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