Firms Slow to Act on Employee Mental Health

A new benchmark report from UK charity investment manager CCLA says there is a disconnect between firms recognising and addressing workplace mental health issues. The CCLA Corporate Mental Health Benchmark Global 100 evaluates current practice globally to help firms create better conditions for employees and to inform engagement and monitoring activities by investors. 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. Only 15% of companies have published objectives or targets for mental health, while 19% have assigned day-to-day operational responsibility for implementing their mental health policies. The new benchmark follows the launch in May of the CCLA Corporate Mental Health Benchmark UK 100, launched in May 2022. Both will run annually and are supported by a coalition of 34 institutional investors, representing a combined US$7 trillion AUM, all of which are signatories to the CCLA Global Investor Statement on Workplace Mental Health. “By directing resources thoughtfully, not only will you improve the quality of your people’s lives, but you will also build a workforce that is more productive, more resilient and more profitable,” said Amy Browne, Stewardship Lead, CCLA.

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