Charity Bank, the loans and savings bank for charities and social enterprises, today published its revised vision statement with an increased emphasis on responding to climate change.
The bank’s refreshed vision statement is for ‘a society that fosters vibrant communities and a healthy planet, enabling every individual to thrive.’
In support of their updated vision, Charity Bank also launched two green loan offers rewarding charities and social enterprises for using loan finance to buy or build an energy-efficient building or to improve the energy efficiency of their existing property.
- With the Energy Improvements Loan offer, borrowers can make energy improvements to their existing building without paying a loan arrangement fee.
- With the Sustainable Buildings Loan offer, borrowers can get £1000 or £2000 cashback when they buy or build an energy-efficient building.
Charity Bank’s CEO Ed Siegel said: “Charity Bank was built on the belief that positive impact should be at the heart of everyday banking. For 20 years we have supported charities and social enterprises that care for people as well as the planet. Given the evolving needs of the social sector and the people and communities they serve, now is the time to ask what more we can do?”
“During 2021, we undertook a review of Charity Bank’s vision, mission and values statements in consultation with a range of stakeholders, including shareholders, board directors, our co-workers and our customers. These refreshed declarations serve to sharpen our focus on positive social change as Charity Bank’s primary motivation. The addition of ‘healthy planet’ to our vision statement is worthy of note. Climate change is possibly the greatest social challenge facing our society today; therefore, a healthy planet merits explicit mention as one of our core aspirations.”
This follows Charity Bank’s commitment last year to assessing and disclosing the greenhouse gas emissions of their financed projects by joining The Partnership for Carbon Accounting financials (PCAF) and, earlier this year, joining Investors in the Environment (iiE) with a commitment to assess, disclose, and reduce their direct environmental impact.
Charity Bank’s New Purpose, Vision, Mission and Values
A better bank for a better world
A society that fosters vibrant communities and a healthy planet, enabling every individual to thrive
To support and strengthen impact-driven organisations that improve people’s lives, whilst empowering savers and investors to put their money to work for positive social change
Working in Harmony
Being the Change
About Charity Bank
Charity Bank is the loans and savings bank owned by and committed to supporting the social sector. Since 2002, we have used our savers’ money to make more than 1,100 loans totalling over £400m to housing, education, social care, community and other social purpose organisations.
Nothing in this article constitutes an invitation to engage in investment activity nor is it advice or a recommendation and professional advice should be taken before any course of action is pursued. Loan applications are subject to credit assessment. This does not affect your credit score. We may seek to recover any property or assets provided as security if you do not keep up repayments on your loan. Rates depend on individual/business circumstances.