Associated British Foods plc
Company characteristics
| Assessed report publication year | |
|---|---|
| Financial year end | 16/09/23 |
| Sector | Consumer Staples |
| Head office | United Kingdom |
| Primary listing | London Stock Exchange |
| GBP market cap | 15981103761 |
| Net profit margin | 5.41% |
| CEO tenure | 18.5 years |
| Employee count | 133,487 |
| FRF draft assessment response |  |
Reward scrutiny
| Living wage accredited | |
Living wage (calculation for operating regions) | |
|---|---|---|---|
| Living hours accredited | |
Tax reporting (GRI 207) | |
Remuneration policies
| Remuneration committee 100% independent |  |
Remuneration committee discretion applied | |
|---|---|---|---|
| Director from workforce | |
Trade union relations (disclosure) | |
| Worker consultation on top pay (disclosure) | |
80%+ shareholder support on pay | |
Reward outcomes
| CEO total pay (GBP) | 4,100,000 | CEO total pay change | 79.35% |
|---|---|---|---|
| CEO pay ratio (to median employee) | 166:1 | Percentage point increase in maximum variable remuneration | 25% |
| Pension award parity between CEO and wider workforce | |
Pay of the next highest exec compared to CEO | — |
| Gender pay gap (mean data) | 28.20% | Gender pay (women % in top quartile) | 35.50% |
| Ethnicity pay gap (disclosure) | |
Total dividend (GBP) | 460771852.8 |