EasyJet 2011 Annual Report Download - page 38

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36
Corporate responsibility
Continued
easyJet plc
Annual report
and accounts 2011
Share schemes
We once again offered all our people the opportunity
to join its popular all-employee share plan, easyJet
Shares 4 Me. The plan has won five major awards to
date, and involves three elements: Save As You Earn
(SAYE); Buy As You Earn (BAYE) and Free Shares. Each
scheme is Her Majesty’s Revenue & Customs (HMRC)
approved and is open to all our people on the UK
payroll. For our people who are on non-UK payrolls,
international schemes have been established, with
similar terms and conditions to the UK scheme, albeit
without the UK tax benefits. Participation in the
scheme remains very strong, with over 80% of our
eligible people taking part in one or more of the plans.
Your benefits
Our UK people continued to be entitled to select from
a number of flexible benefits. This enables our people
to access programmes and savings which would not
be available to them on an individual basis. A “lifestyle
benefits” scheme also remained in the year offering
discounts on a wide range of products and services.
Our people make further savings in tax and National
Insurance for many of these benefits, through salary
sacrifice. easyJet’s National Insurance savings
contribute to the financing of the scheme, which is fully
outsourced.
easyJet Spirit Awards
In 2010 we launched a new employee awards scheme;
Spirit. This scheme rewards our people for their
commitment and hard work, and recognises where our
people go above and beyond to enable our business to
succeed. During the course of the year, we have
monthly, quarterly and annual recognising achievement
across the different communities within our business.
This year we also launched the easyJet Spirit Awards
Portal, a section of our intranet where employees can
recognise each other, and nominate their colleagues
for Spirit Awards. This has been really well received with
more than 5,000 nominations for Spirit Awards during
the first four months, representing an over 500%
increase on the number of our people formally
recognised during the previous year. We will be holding
our second annual awards event in February 2012.
Charitable donations
easyJet has continued to support the Alzheimer’s
Society as its European charity partner. Through
onboard collections we have managed to raise over
£800,000 for this charity.
Our charitable support also focuses on our employees
and their efforts to raise funds for local charities across
our pan-European bases. This has involved raising
funds for a number of different charities and has seen
our staff undertake numerous activities including, the
London and Paris marathons, and the Three Peaks
challenge to name a few.
Political donations
easyJet does not make donations to any political party.
This in not in line with our values and would be deemed
as inappropriate.
Gifts and gratuities
easyJet employees are sometimes sent gifts from
various companies throughout the year. In order to
provide clear guidance to employees and avoid
potential conflicts of interest, we have a strict policy
that prevents any employee accepting gifts over a
nominal value of £35. When required, easyJet holds a
staff raffle of all the gifts that are received. Every
employee across Europe is entered into the draw and
allocated a unique reference number. Numbers are
then drawn at random and winners have the gifts sent
directly to their home.
easyJet and the environment
Efficiency is in our DNA and this applies to our
environmental impact as well. We believe the most
important environmental issue facing the industry is
climate change and addressing our environmental
impact is part of our responsibility as an airline. As an
airline easyJet is constrained in what it can do in the
area of CSR as we are heavily constrained by the
technology available to us, the development of which
isa highly regulated and lengthy process.
Fuel is our largest single cost item, so we are heavily
incentivised to minimise its use and therefore CO2
emissions
As we grow we are replacing less efficient operators
and therefore reducing emissions on routes where we
are replacing capacity.