ADECCO GROUP ISSUES ITS FIRST TAX TRANSPARENCY REPORT

EUR 5.4 billion tax contribution in 2021, supporting the economies of the countries where we operate

Press release, Zurich, Switzerland, 18 May 2022

ADECCO GROUP ISSUES ITS FIRST TAX TRANSPARENCY REPORT

 

The Adecco Group has today published it's first Tax Transparency Report, evidencing global tax payments of nearly EUR 16 billion over 2019-2021 inclusive, and EUR 5.4 billion in 2021.

Approximately half of all payments are payroll and social security taxes.

Coram Williams, Chief Financial Officer of the Adecco Group, commented:

"At the Adecco Group, we believe that contributing to public finances through paying taxes responsibly is an integral part of achieving our purpose, to make the future work for everyone. For most countries, tax contributions are the main source of government funding. By seeking to comply with both the letter and spirit of applicable tax laws, we ensure we pay our share so that governments can fund critical public services such as education, infrastructure and health care. As such, it represents an important part of the Group's overarching approach to ESG and one way how we as a business contribute towards the achievement of the UN Sustainable Development Goals."

"In order to build trust and accountability, we want to be transparent with our stakeholders and strengthen their understanding of how we create value through the taxes we contribute, and the underlying approach we take. The result is the Adecco Group's first Tax Transparency Report."


Download the report


About the Adecco Group

 

The Adecco Group is the world’s leading talent advisory and solutions company. We believe in making the future work for everyone, and every day enable more than 3.5 million careers. We skill, develop and hire talent in around 60 countries, enabling organisations to embrace the future of work. As a Fortune Global 500 company, we lead by example, creating shared value that fuels economies and builds better societies. Our culture of inclusivity, entrepreneurship and teamwork empowers our 38,000 employees. The Group is headquartered in Zurich, Switzerland (ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN).

 

In the case of discrepancies between the English and other language versions of this press release, only the English version shall be deemed valid.

 

For further information please contact:

 

The Adecco Group Press Office

media@adeccogroup.com
+41 (0)44 878 87 87

 

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