Added: 22 April 2015
Ipswich Building Society wins Trading For Good's Responsible Business Award
Ipswich Building Society has been awarded a Responsible Business Award and launched its Trading For Good Social Value Report at the Trading for Good East of England event held in Ipswich. Paul Winter, CEO of the Society, spoke at the event to share his experience of how larger organisations can support SMEs in being socially responsible.
Trading for Good is a digital platform that helps businesses to measure and report on the social value they have created as well as demonstrating the impact this has on the health of society. It was created in 2012, emerging out of the Government's "Every Business Commits" agenda focused on five key priorities for sustainable business behaviour.
In order to be eligible for the award an organisation must submit details of at least five responsible business activities within a 12-month period, including five outside endorsements. Ipswich Building Society far exceeded this having completed 21 responsible business activities and received seven endorsements within the given timeframe.
Some of the initiatives and activities conducted by the Society include: a Beachwatch in Aldeburgh for the Marine Conservation Society where staff and members cleared and surveyed 13kg of litter; Executive Volunteering at REACH Community Projects during which the Ipswich Building Society executive team helped to develop the charity's strategy and business plan (contributing to the Society's target of 900 volunteer hours in 2015); the launch of its Money Metrics programme which provides financial education for Year 10 students in local schools and contributes to the Society's target of 950 financial education hours; and its commitment to ensuring all employees earn the Living Wage.
Paul Winter, CEO of Ipswich Building Society, said: "Social value is not an initiative, it's a way of doing business. Ipswich Building Society is dedicated to understanding and caring for the needs of its membership, staff, local businesses and the environment. Investment in local communities is essential to helping grow the skills and the economy of the areas which businesses rely on for their own prosperity. Supporting the local community is something we have done since our foundation and it's my priority to lead the Society to achieve continued success."
Kay Allen, Founder of Trading for Good, said: "It's important to measure the impact organisations like Ipswich Building Society have had on local communities and demonstrate the contribution this makes to improving the wellbeing and economic growth in society. In doing so, it helps businesses to understand the interdependency that is created between employees, customers and the local community as well as helping to rebuild consumer trust in businesses. Through its volunteering, community initiatives, financial education programme and support of local good causes, Ipswich Building Society contributes greatly to the communities across Suffolk and it's important this is recognised."