Investor Information

Our vision is to be the world’s most trusted workforce and specialist STEM solutions group - trusted by our people, our customers and investors in equal measure.

If you have any investment questions, please email Investors@Impellam.com

 

Our strategy

 

Our strategic objective

Virtuosity makes the difference and will drive market-beating value creation.

 

Our strategic advantage

We believe we retain customers, people and investors for longer than our competitors because we’re trusted to do what we say we are going to do. We work collaboratively across our diverse portfolio with a shared vision, mission, style and language that we call ‘Virtuosity’. This enables us to deliver differentiated, integrated solutions to our customers, and to find good work for our people.

Our strategic scope

We work with customers who value engaged, fulfilled and purposeful people.

These people allow us to take our share of the economic value we create as we help them build a better business.

We are a leading workforce and STEM talent solutions group enabled by market-leading brands.

Our offering works across a broad spectrum of industries and job categories.

Our offering is delivered through diverse brands and services across North America, UK & Europe and APAC.

To further support our mission, and to find exciting opportunities for our people, we also invest in, and operate with, specific clients in other regions.

We have a unique, differentiated and collaborative model.

This integrates both our regional and specialist segments into a full end-to-end workforce solutions platform for our customers’ permanent, contingent, managed services, RPO and Statement of Work (SOW) spend. Our work is important, and we get it done.

Our Priorities and What They Mean

Enable Our Virtuosos

Enable Our Virtuosos

Our Virtuosos do what they do best enabled by reliable technology. We’ll get out of their way and make sure they are leading more of the Group, futureproofing the portfolio and delivering new, incremental revenue streams.

Improve Resilience

Improve Resilience

We’ll improve our resilience by investing in technology to drive efficiencies and productivity. We’ll enter new growth markets and economies organically to defend our key high-road client relationships.

Transform Our Portfolio

Transform Our Portfolio

We’ll accelerate our Managed Services growth by selectively integrating our Managed Services brands across our major geographies. This will make it easier for our high-road customers to access our talented and engaged people. We’ll refine our workforce and specialist recruitment solutions portfolio and will build scale in growing global verticals. At the same time, we’ll respond to macro trends and develop new business lines in new verticals opened by the gig economy.

Our Integrated, Collaborative Business Model

Our mission

Through the power of work, we build better businesses and help people lead more fulfilling lives.

Our vision

To be the world’s most trusted leading workforce and STEM talent solutions group, trusted by our people, our customers and our investors in equal measure.

Our culture of Virtuosity

We are united by one purpose, one culture, one driving force. We call it Virtuosity. It’s why we’re different. It’s our determination to do even more and to always be ambitious and brave for our customers and candidates.

Our customers see our Virtuosity every day in our innovation and creativity. We are close to our customers, and because we care, we forge strong, meaningful and trusted partnerships.

They see it in our authenticity, in the way we keep our promises and in how we break down the barriers to unleash people’s potential. None of this would be possible without a culture based on trust. That’s why we have an ambitious vision to be the world’s most trusted workforce and specialist recruitment solutions group, trusted by our people, our customers and our investors in equal measure.

We trust our Virtuosos and give them the freedom and autonomy to do the right thing, to adapt and see the possible in the impossible. We make sure people make the difference.

By keeping our promises, we retain our clients, candidates and our people for longer and reap the benefits of that longevity. We never want to give a client reason to leave Impellam.

The Beautiful Basics

We make sure that ‘the Beautiful Basics’ are in place and deeply embedded across our collaborative portfolio. ‘Beautiful Basics’ are caring for the smaller details, as well as the bigger ones. Doing the common, uncommonly well. They are the difference Impellam’s people make through our day-to-day actions to deliver on our promises.

Entrepreneurial Virtuoso leaders

All our businesses share a culture of Virtuosity which embeds a collaborative Group-wide culture, based on trusted behaviours, delivered by entrepreneurial Virtuoso leaders who can drive our competitive advantage and deliver on our promises to all our stakeholders.

Clients

We are close to our customers, and because we care, we forge strong, meaningful and trusted partnerships to find people for good work and help them build better businesses. We retain them, continuing to listen and partner with them to extend the scope and tenure of our services, and in doing so, open up more opportunities for organic growth.

Candidates

From the outset, we listen to our candidates and find them good work that fulfils them and matches their aptitudes, skills and aspirations. We reward our candidates fairly, retain them by treating them well, and by finding them work that interests and develops them. In turn, this encourages them to refer more people and good work to us.

Colleagues

We employ people who care about our mission and our craft, and we develop them, so they have the right skills and experience to do their job by being Virtuosos in their field. We free up our Virtuosos and give them more influence so they in turn develop a culture of Virtuosity across the Company. Ultimately, we trust them to stay close to their customers and candidates, to make the right decisions, collaborate and deliver on their promises.

Investors

We take care to create relationships with investors and we build on the trust we create by delivering sustainable earnings.

Suppliers

We build strong partnerships of mutual trust with our suppliers, many of whom are also our clients. Our long-term relationships with our suppliers enable us to fill more jobs for our clients, and by building an engaged recruitment supply chain, which is passionate about finding the right candidates with the right skills, we can reduce the cost of recruitment; reduce the time to hire; provide timely market insight and drive innovation.

Responsible business

Our commitment to sustainability underlines our responsibility to build long-term value for all our stakeholders, supported by sound policies, good governance and positive actions.

Colleague engagement and communications

All 1,700 Impellam people across the world are connected by Workplace, an internal social network. Workplace combines the structure of a traditional intranet with the capabilities of Enterprise-wide Social Networking software: a place to organise and disseminate information securely, and where our people can connect, communicate and collaborate. Our Group CEO holds quarterly strategy briefings with all our people and connects with them on a regular basis through Workplace, using video and written updates, wellbeing check-ins, a monthly newsletter, live Q&A sessions, and other multimedia to provide strategic information and financial updates. Our managers hold regular one-to-one meetings with their people in addition to team meetings, wider business-area conferences and town halls to facilitate sharing of information, consultation, and two-way communication, supported by tools like OpenBlend, a coaching platform.

The Virtuoso Alliance (our shadow board) operates alongside the Leadership Team to provide opinions, ideas, insight and observations on the world in which we operate. Its 12 members make sure our Group CEO and the Leadership Team remain connected to our colleagues and in turn our customers and candidates. The Impellam communications model and associated technology means we can connect with our colleagues quickly, wherever they are. The platform and communication strategy facilitates faster knowledge sharing, communication and collaboration. This dynamic approach to communications is key to our strategy and culture of enabling our Virtuosos to achieve our vision of becoming the world’s most trusted staffing company.

We actively encourage diversity in the workplace and have a wide and varied colleague base with a variety of social and ethnic groups represented at all levels of the business. We believe that breaking down the barriers that have traditionally restricted access to the labour market will encourage job opportunities for all. Our Business Resource Groups (BRG) and Unity Council include representation from our key regions: North America, APAC, and UK & Europe. Under the direction and leadership of our Group CEO the BRGs bring together ED&I leadership and governance balanced with Group-wide, regional and brand-specific actions. Our strategy is based on data, qualitative intelligence from a global survey, participation from regional committees and aims to make Impellam a more diverse and inclusive business wherever we operate. We continue to be recognised for our ED&I efforts receiving several accolades in the year. In 2022, Guidant Global was ranked as the top EMEA talent solutions provider for diversity and inclusion (D&I) in the TALiNT Partners Talent Solutions Power List as well as being named Disability Confident Leader.

We provide our people with a multi-faceted and agile development pathway to enable high performance and increase retention of our people and customers alike. Our approach to sustainable development is through fostering a culture of curiosity. We offer a blend of digital ‘on demand’ learning complemented by live digital coaching and in-person resources. The ‘Initiate and ‘Enhance’ learning collections encourage people to be freed from old habits, unlock their potential, and thrive through change. In 2022, we refreshed our leadership development programme and launched the ‘Inspire Collection’. As a result, 65% of our managers have embarked on this personalised learning journey focusing on the key areas of Virtuoso leadership – emotional intelligence, coaching and leading change.

At the heart of our integrated, collaborative business model is a virtuous circle of making and keeping promises, engendering trust and loyalty. By keeping our promises, we retain clients, candidates, colleagues and investors for longer, and reap the benefits of that longevity. Our culture of Virtuosity is created by passionate people who are committed and driven to find better ways to deliver the right solutions. We make sure that the ‘Beautiful Basics’ are in place and deeply embedded in all of our businesses, all of the time, and we invest to sustain and enhance our business, underpinned by innovation in our combined portfolio of services.

As part of the Group’s mission to find people fulfilling work, we strongly oppose modern slavery in all its forms and will try to prevent it by any means that we can. We expect anyone who has any suspicions of modern slavery in our business or our supply chain to raise their concerns without delay. In line with the Modern Slavery Act 2015, we annually review internal and external measures to ensure we are doing what we can to prevent slavery and human trafficking in our businesses and in our supply chains. Our policy is available on our website at www.impellam.com.

We are committed to meeting all the requirements of relevant health and safety legislation. Formal policies are in place throughout the Group and they are regularly reviewed and updated to reflect changes in legislation and best practice. The Group requires all colleagues to comply with these.

We have a commitment to carrying out business fairly, honestly and openly. We also have zero tolerance towards bribery. Our Bribery Policy is in place to provide relevant guidance and information to all our people in compliance with the law relating to bribery and corruption, in particular the Bribery Act 2010 (‘the Act’). We are determined to maintain our reputation as a business that will not tolerate fraudulent or corrupt dealings – whether they are attempted against us from outside, from within our own workforce, or towards our clients or suppliers.

Impellam brands individually work with charities that support local communities and come together as a group when a big impact is needed.

Following the invasion of Ukraine, Impellam people quickly mobilised a cross-brand taskforce to help displaced Ukrainian people find jobs in the UK. A digital campaign was quickly launched, complete with a chatbot in Ukrainian, and a Ukrainian national was brought into the team to provide additional support to those arriving in the UK with CV writing and interviews. Many people have been supported to navigate job seeking in a new country. All profit from placing refugees, combined with an employee donation match scheme, has generated £27k for the International Red Cross.

Other community support initiatives have included inspiring the next generation of STEM talent with school visits, mock interviews and learning to code, work with HMP Drake Hall on inmate rehabilitation, taking part in Impellam-sponsored Pride marches and cleaning beaches in the UK and Australia.

Impellam people have an additional day of paid leave that they can use specifically for volunteering. They have used this time to raise money for charities through running, swimming, cycling and walking, as well as making donations to foodbanks around the UK to help with the cost-of-living crisis.

A colleague from Guidant Global beat his own world-record finishing time for completing the London Marathon in a nonracing wheelchair, raising money for WhizzKids.

Although we are a service-based organisation with no manufacturing facilities and limited transportation requirements, we are still committed to following environmental best practices in the day-to-day conduct of our business. This includes the use of sustainable and/or recyclable materials when available. A regular review of the potential impacts on the various businesses is undertaken and parts of the Group have achieved certification to ISO 14001 in relation to their environment management systems.

This year we have calculated our environmental impact across Scope 1, 2 and 3 (selected categories) emission sources for the UK only. Our emissions are presented on a location basis (using the UK grid emissions intensity) and our emissions are 894,249 kgCO2e (2021: 969,569 kgCO2e), which is an average impact of 442 kgCO2e per £m revenue (2021: 582 kgCO2e per £m). We have calculated the emission intensity metrics on both a revenue and colleague basis, which we will monitor to track performance in our subsequent environmental disclosures. The methodology used to calculate the Greenhouse Gas (GHG) emissions is in accordance with the UK Government GHG Conversion Factors for Company Reporting (2022).

Our focus in the past year has been to extend and encourage working behaviours that are less impactful, which has resulted in us being able to continue to rationalise our property footprint which continues to decrease as leases expire. Where the need for a physical location remains, we have looked to share spaces across multiple operating businesses and increasingly utilise serviced offices and workspaces. Most businesses have also reduced the amount of time they’re physically in the offices, which itself drives reductions in energy consumption.

Whilst not directly affecting the Scope 2 emissions reporting, the Group completed its first full financial year of purchasing 100% renewable electricity generated only through wind, solar and hydro for all of its UK operations.

The business has also had in place an electric vehicle salary sacrifice scheme available to all UK employees and to support this initiative have invested in and installed nine EV Charging Points at the UK Head Office.

Finally, the Group intends to fulfil its promise of achieving Carbon Neutrality and we will be offsetting our carbon emissions as stated above utilising the PAS2060 framework which will be published on our website in due course.

The business remains committed to achieving Net Zero by 2050 and work will continue on the development and delivery of a Net Zero strategy this year. The Group will also continue to implement and formalise new processes in preparation for our first TCFD reporting cycle in 2024, as well as participating and reporting under the third phase of the Energy Savings Opportunity Scheme (ESOS) throughout the year. The business will continue its process of removing all company provided vehicles with the aim of having no owned or leased vehicles by the end of 2023 and will continue to offer the EV scheme to all employees.

TCFD reporting is important to effective ESG and climate risk management. It will also help us to meet the growing stakeholder demand to understand how climate change could affect Impellam as well as the effects our operations have on the climate.

In 2022 we continue the initial steps on the roadmap to TCFD reporting and will include the required TCFD disclosures when Impellam falls in scope for the financial year 2023. The Group will continue to monitor the significance of climate related risks (including existing and emerging regulatory requirements), implement mitigating activities, and disclose in line with materiality to the Group. At present, these risks are not considered to have a material impact for the Group.

  Emission Source 2022 2021
Scope 1 (kgCO2e)

Natural gas Company and leased vehicles Heating oil

Gas Combustion

198,801

185,295

99,656

237,835

Total Scope 1 (kgCO2e)   384,096 337,491
Scope 2 (kgCO2e) Electricity 283.044 576,976
Scope 3 (kgCO2e) Colleague cars 227,109 55,102
Total kgCO2e   894,249 969,659
Total energy usage (kWh)   4,299,344 4,631,709
Normaliser KgCO2e per £m revenue 442 582