Cambridge & Counties Bank has been recognised as a Certified B Corporation, one of a small number of UK banks to gain such a certification.
The assessment, conducted by the non-profit network B Lab UK, confirms that the bank meets high standards of performance, transparency, and accountability.
The bank scored 92.8 in the B Impact Assessment, a process that evaluates a company’s social and environmental performance, thereby exceeding the banking sector average.
Following the certification, the bank has revised its Articles of Association to commit to a positive societal and environmental impact.
This step aligns with its robust ESG programme, demonstrated by its third consecutive independent accreditation as Carbon Neutral Plus in 2022.
Additionally, the bank has made strides in promoting gender diversity in its senior management, with women constituting 32% of these roles in 2022 and a target set for 40% by 2025.
Donald Kerr (pictured), CEO of 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.”
