A global investor benchmark has revealed that leadership, disclosure and public commitments on mental health are lacking in the world’s largest companies.
CCLA Investment Management’s Corporate Mental Health Benchmark (Global 100 Report) evaluates how 100 of the world’s largest listed companies are approaching and managing workplace mental health. The benchmark, said to be the first of its kind, is targeted at institutional investors, including the Local Government Pension Scheme.
Initial findings reveal a disconnect between corporate recognition of workplace mental health as a business issue and public commitments and disclosure. While nine in 10 companies recognise workplace mental health as an important business concern, less than half (49%) have formalised these commitments in a policy.
According to the report, only 19% of company CEOs have publicly signalled their leadership commitment on employee mental health and just 15% of companies have published objectives or targets for mental health.
David Atkin, CEO of the UN-supported Principles for Responsible Investment, said: “This CCLA Corporate Mental Health Benchmark Global 100 Report represents a vital tool for investors to engage with companies on a critical aspect of protecting workers. I look forward to seeing how companies respond to increased scrutiny of workplace mental health by institutional investors.”
The CCLA Corporate Mental Health Benchmark – Global 100, is the sister benchmark to the CCLA Corporate Mental Health Benchmark – UK 100 launched in May 2022. Both benchmarks will run annually and are supported by a coalition of 34 institutional investors, representing $7trn in total assets under management.
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