39 We build brands and products with a social purpose. We work to create long-term value to society through employment, financial investment, product innovation and taxes. This section covers the Sustainable Development Goals 8, 9 and 10 and the WEF Metric Prosperity. Employment We seek to attract, retain, motivate and reward our people by establishing and maintaining a suitable, competitive salary and benefit programme, while remaining mindful of our financial responsibility to our shareholders. To help our people with the cost of living crisis, we applied an enhanced in-year salary increase for our lower earners (applied from July 2022) and a further annual salary increase for all employees from 2023, bringing forward the application from April 2023 to January 2023. In line with our positive business principles, we have a salary sacrifice that allows senior employees in the UK to lease fully electric cars. More information can be found on page 30. Economic contribution We report corporation tax payable in the UK and overseas in our entity accounts and consolidated group financial statements. We also annually report our total corporate taxes paid and payable across the whole Pentland Group on a country-by-country basis to relevant tax authorities. Our economic contribution in respect of taxation covers business taxes, indirect taxes including VAT, goods and services taxes and customs duties and employment taxes. Pentland Brands was cash generative in FY2022 for the year at 39.6 million year to date (excluding Speedo North America). Government economic contribution We received UK Government funding for two new job placements via the Kickstart Scheme (as of April 2022), designed for young people receiving Universal Credit. Indirect economic impacts Supply chain delays, the Ukraine invasion and the cost of living crisis all impacted our retail operations in 2022. Lockdowns in China in the first quarter of 2022 resulted in supply chain delays and the invasion of Ukraine by Russia resulted in us pausing our trading in Russia. We worked to swiftly and smoothly mitigate these risks. More information on these risks can be seen on page 17. Prosperity Employment wealth and generation prosperity
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