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Wates publishes five-year social value strategy

By 13/11/2020No Comments

Continuing its commitment to social value, Wates Group has announced that every one of its business units will achieve Living Wage Recognised Service Provider (RSP) status within five years.

This means that by 2025, all Wates clients will be requested to consider the Living Wage for their contracts, with a target of 80 per cent of all new contracts paying the real Living Wage.

Wates FM, the Group’s facilities management business, is already a Living Wage RSP and the Living Wage Foundation has now also confirmed Wates Residential as an RSP and Wates Developments as a Living Wage Employer.

The Living Wage pledge is part of Wates’ commitment to challenging inequality, one of three key themes comprising the company’s newly published five-year social value strategy, Creating Opportunities.

Alongside challenging inequality, the strategy focuses on inspiring and educating young people about careers in the built environment and supporting and scaling the social enterprise sector.

Creating Opportunities includes the following commitments and targets for 2025:

Challenging inequality

  • Create opportunities for those furthest from the workforce, employing at least one person from an identified group* on every Wates project
  • Lead the construction sector in striving for fairer payment by Wates Group achieving Living Wage Recognised Service Provider status (RSP).

Inspiring and educating young people about careers in the built environment

  • Inspire 25,000 young people about careers in construction and the built environment by 2025
  • Launch a new primary school engagement programme, Build Yourself: Junior, to help encourage children to consider construction as a career at a younger age.

Supporting and scaling the social enterprise sector

  • Spend £25 million with the social enterprise sector, resulting in a cumulative total of £45 million by 2025
  • Pilot a new Mentoring for Growth programme in 2021, supporting Wates employees so they can act as business mentors to help at least five identified Social Enterprises to achieve national scale by 2025.

Wates Group Chief Executive, David Allen said: “At Wates we are driven by our purpose of working together to inspire better ways of creating the places, communities and businesses of tomorrow. Delivering social value is intrinsic to that purpose and to our goal of being a progressive and responsible employer. By considering social value in our business decisions, including the way we employ staff, engage with communities and buy products and services, we can cultivate a more sustainable and inclusive society, and demonstrate that business done well can be a force for good. This social value strategy is rooted in our belief that how we do business, is as important as what we do.”

* identified groups: care leavers; ex-offenders; ex-Services; disabled; unemployed/NEET; homeless people

Webinar – Prioritising wellbeing in a Covid-secure workplace

FMJ has teamed up with Zip Water, creator of award-winning sustainable drinking water systems, to discuss the ways in which FMs can safeguard the provision of essential amenities within the workplace as we emerge into a new era of touch-free, socially distanced offices.

During the event, which will feature a panel of leading FMs and an FM services provider, we will discuss how FM professionals, office managers and HR managers can balance the need to manage shared spaces, such as staff kitchens, while maintaining a safe environment and meeting energy and waste reduction targets. This will include a look at some of the latest touch-free technologies; including apps to manage workflow and hands-free automation (e.g. automatic doors, taps etc).

Join us on Wednesday 25th November at 11:00am for an event which will address the ways FMs can meet their commitment to ensure the wellbeing of people as an integral part of their sustainability remit.

To register for the webinar please click here.

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