Charity Bank
Kent, United Kingdom
December 2014
Deposit bank - Developed Markets
Service with Minor Environmental Footprint
United Kingdom
About Charity Bank Charity Bank is the loans and savings bank owned by and committed to supporting the social sector. Since 2002, Charity Bank have used its savers’ money to make more than 1,200 loans totalling over £450m to housing, education, social care, community and other social purpose organisations across the UK. Charity Bank bring together passionate savers, who want their savings to make a difference, with organisations seeking loans to create real change in the lives of people, communities, and the planet. Charity Bank is more than just an ethical bank – they’re fuelled by a dedication to foster positive change in everything they do. They only provide loans to organisations actively working to improve the world around them, and all their shareholders are charities and social purpose organisations. As a result, every loan, deposit, and investment with Charity Bank is working for social good. Whether you need a loan to make the world a better place or want your savings to drive positive social change, Charity Bank is here for you. To find out more, visit the Charity Bank website: charitybank.org
Overall B Impact Score
Governance 21.9
Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Workers 34.1
Workers evaluates a company’s contributions to its employees’ financial security, health & safety, wellness, career development, and engagement & satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.
Community 29.4
Community evaluates a company’s engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity & inclusion, economic impact, civic engagement, charitable giving, and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Environment 10.1
Environment evaluates a company’s overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company’s operations and, when applicable its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Customers 37.4
Customers evaluates a company’s stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels. In addition, this section recognizes products or services that are designed to address a particular social problem for or through its customers, such as health or educational products, arts & media products, serving underserved customers/clients, and services that improve the social impact of other businesses or organizations.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.