Compass Group PLC

Description

Compass Group plc is a UK-based multinational contract foodservice company which provides great food to millions of people every day. It was founded in the year 1941 as Factory Canteens Ltd and its headquarters are situated in Chertsey, United Kingdom. It has a substantial area of operation and cover 45 countries across the globe. The company is listed on the main market of the London Stock Exchange since 2001 and is also a constituent of the FTSE 100 index.

The company entirely focuses on its core competency, which is food. It aims to untap the potential growth prospects in the food services market and create a competitive advantage over its rivals in terms of food deliver and services to its clients and consumers. The growth strategy of the company is to enhance its digital presence, increase labour flexibility, rationalise labour costs, and minimise food wastage. It aims to expand its operations through organic growth as well as acquisitions. A wide range of sectors are served by the company, which include business and industry, hospitals and senior living facilities, education from kindergarten to colleges and universities, sports and leisure including exhibition venues and major specialist events, as well as Defence, Offshore & Remote sectors. The company offers both food services and support services to its clients. The food services include dining solutions and new seasonal dishes provided to the clients with excellent hospitality at low cost. Its support services include cleaning hospitals, managing remote camps, reception services at corporate headquarters and so on.

Compass Group plc has a comprehensive Environmental, Social, and Governance (ESG) framework in place and it aligns itself with the UN Sustainable Development Goals. It aims to minimize the impact of its business activities on the environment and create long-term value for the business as well as the wider community.

It has also set a well-defined framework of corporate governance and aligns itself with the 2018 UK Corporate Governance Code. Its board has set up separate committees for audit, remuneration, nomination, corporate responsibility, disclosure, general business, and treasury. It has an ethical code of conduct for running its business operations and promotes a culture of trust, transparency, accountability, equality, and diversity. Apart from fulfilling all its corporate responsibilities, the company also fulfils its environmental and social responsibilities and complies with international best practices and guidelines to create a sustainable business.