In addition to our responsibilities to shareholders, customers and employees, we believe that the contribution we make to the wider community at a Group and individual level is important.
The Charities Committee co-ordinates the charitable activities of the Group and includes members from major sites around the world. It aims to meet every month and seeks to manage effectively the Group’s approach to charitable support. The committee monitors the budget, distributes resulting funds and encourages employees in their charitable and community activities.
The e2v Foundation is a fund managed by Essex Community Foundation (ECF). It is currently valued at £168,266 (2015: £178,766) and no contribution was made to the fund in 2016. In line with the rules of the fund, £8,858 (2015: £8,700) is available for donation to good causes. During 2015/16, £2,210 of corporate sponsorship was donated. £1,000 of this was for Chelmsford Science and Engineering Society (CSES), and the remaining £1,210 was for local community activities.
Our Core Charities are associated with e2v sites around the world. We have selected 10 charities with connections to six sites. Funds were raised for these charities from a range of activities, totalling more than £4,800.
Colchester Treatment Centre is one of our Corporate Charities and raises funds to improve facilities for cancer patients at Colchester General Hospital. We made a donation of £10,000.
We recognise the importance of supporting our employees and the local community in their fundraising efforts. This year we made donations totalling more than £7,000.