Chief Energiser Phillip Ullmann has made his mark transforming the family business, Cordant Group, into a social one. In 2017, he introduced a set of measures to reflect that — including capping executive pay and its dividend. Two years later, Ullmann and his team wrote Cordant’s Social Impact Report, mapping a five-point strategy to improve work opportunities with a focus on purpose, not profits, and launching a campaign to implement the real living wage. Cordant Group was acquired by Twenty20 Investors in 2020; while Ullmann remains chief energiser, he established Covenant Advisory, an independent consultancy that advises business leaders on their social purpose.
