It becomes the UK’s first B Corp certified building society
Coventry Building Society has announced that it has achieved B Corp certification, becoming the first UK building society to do so.
B Corp is a globally recognised certification for companies that meet high standards of social and environmental performance, accountability, and transparency. Over 6,000 companies of different sizes, in different sectors and from different countries, have achieved B Corp certification so far.
“We’re all immensely proud of achieving B Corp certification,” remarked Steve Hughes, chief executive at Coventry Building Society. “It feels good to be the first building society to do so and, after almost 140 years, it’s fantastic that Coventry Building Society is still achieving firsts and being recognised for doing things in the right way.
“B Corp is about understanding the impact businesses have in the world, and the recognition that people and place matter. Our members, our people, and our communities are central to what we do, and there is a strong link between our values as a mutual and the principles of being a B Corp.”
We’re proud to have become the first Building Society in the UK to be certified as a B Corp. It shows that, after almost 140 years, we’re still leading the way in doing things the right way 💙
— Coventry Building Society (@CoventryBS) July 17, 2023
Find out more here: https://t.co/MVdChBnadi#ItFeelsGoodToBFirst pic.twitter.com/fdRLSJSv00
Hughes added that Coventry’s longstanding support for communities across the country and its focus on colleagues gave it a strong foundation.
“But B Corps also need their products, services, and the way they do business to benefit everyone,” he pointed out. “And that is the true nature of the mutual model: to be run for the long-term benefit of members and communities.
“This achievement doesn’t change the fundamentals of what we do or why we do it, but it emphatically underlines our focus on becoming a force for good for our people, members, customers, suppliers and communities.”
