Every year, 12 billion working days are lost to depression and anxiety, another effect of the extensive global mental health crisis. Research shows that every $1 invested in treatment for depression and anxiety results in a $4 return in better worker health and productivity. An updated benchmark on global mental health is supporting Mercy Investment Services and other responsible investors in their company engagements.
In October 2023, Churches, Charities, and Local Authorities Investment Management (CCLA) released its 2023 Global Mental Health Benchmark, which assessed 110 companies on their management commitments and public reporting on employee mental health services. Key takeaways from the report include:
- The average company score improved slightly from 25% in 2022 to 28% in 2023.
- Nineteen companies progressed to a higher performance tier, including Mercy-engaged Walmart.
- The report showed an almost universal recognition of mental health as an important business concern. Eighty-four percent of benchmarked companies (up from 72%) have formal mental health awareness initiatives, and 78% (up from 72%) provide internal or external services.
- Recommendations for further improvement include disclosure of management mental health training, converting policy commitments into action with objectives, and improved public disclosure on how companies support and advance workplace mental health.
Mercy Investment Services will use the benchmark in its ongoing engagements with companies regarding employee mental health, including three of the benchmarked companies: Walmart, McDonald’s, and Procter & Gamble.