It is a globally recognised accreditation
Dudley Building Society has become the first regional building society in the UK to achieve B Corp certification.
B Corp is a globally recognised accreditation that verifies companies that meet high standards of social and environmental performance, transparency, and accountability. Awarded by B Lab, a global non-profit organisation, B Corp companies commit to positively impacting all stakeholders – workers, communities, customers, and the planet.
Dudley Building Society is only the second building society in the UK – after Coventry Building Society – to be awarded B Corp status, achieving an overall score of 89.9. The median score for ordinary businesses that complete the assessment is 50.9.
🎉 We are B Corp certified!
— Dudley Building Society (@DudleyBS) July 19, 2024
✨ Dudley Building Society has become the first regional building society in the Uk to achieve B Corp certification; this just further showcases our dedication to transparency as a business.
🤔 To read more click here: https://t.co/KpfpNzDX0E pic.twitter.com/YBoHJRbJjZ
“We are passionate about making a positive impact on people’s lives and doing the right thing as a business,” said James Paterson (pictured), chief executive of Dudley Building Society. “That’s why we wanted to join a global movement of like-minded businesses and achieve B Corp certification.”
Paterson added that the B Corp principles align with the society’s strategic pillars – customer, capability, community, and climate. He noted that the certification highlights the society’s dedication to authenticity and transparency as a business.
“The B Corp assessment took an in-depth look at our practices, assessing our entire social and environmental impact across various measures,” he said. “Moving forward, we will aim to maintain, build on, and improve these practices to ensure that the society remains up to date with the highest standards.”
Paterson emphasised the society’s commitment to creating a sustainable future for both members and communities, using insights from the B Corp assessment to drive environmental, social, and governance (ESG) initiatives.
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