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News Cambridge & Counties Bank achieves B Corp Certification for a UK bank Published: 19th June 2023 Share Cambridge & Counties Bank has achieved B Corp Certification, one of the most comprehensive and prestigious independent assessments that a business is meeting high standards of verified performance, accountability, and transparency. Cambridge & Counties Bank becomes one of the very few banks in the UK to become a Certified B Corporation. The assessment is run by B Lab UK, a non-profit network. In order to be certified, a company must demonstrate high social and environmental performance by achieving a B Impact Assessment score of 80 or above and passing an in-depth risk review. Cambridge & Counties Bank itself scored 92.8, outperforming the banking sector on its impact on the environment, customers, and its people. As a Certified B Corporation, Cambridge & Counties Bank has adopted specific wording into its Articles of Association to reflect a commitment to creating a material positive impact on society and the environment and to consider the impact of its decisions on all of its stakeholders, including employees and suppliers. B Corp Certification status supports the bank’s long established ESG programme. For the third year running in 2022, for instance, it was independently accredited as Carbon Neutral Plus. It also met a pledge to increase women in senior management, with 32% female representation at the end of 2022 and a target of 40% by 2025. Donald Kerr, CEO at Cambridge & Counties Bank, said: “As a B Corp, we’re counted among businesses that are leading a global movement for an inclusive, equitable, and regenerative economy. “We see it as recognition of who we are and what we have strived to achieve as a bank supporting the UK SME sector, and that as we grow, we do so in a way that is sustainable and has a positive impact on the world around us.” Lisa Laverick Editor - Asset Finance Connect Sign up to our newsletter Featured Stories NewsChallenges funding business acquisition holding back brokers NewsOracle Car Finance expands into South of England Corporate Member NewsShawbrook extends support to One Stop Business Finance