Ethical Performance
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CFS judged to have best impact on society

September 2008

Co-operative Financial Services (CFS) has won the overall Impact on Society award in this year’s Business in the Community (Bitc) Awards for Excellence.

The group, which includes Co-operative Insurance, The Co-operative Bank and the internet bank Smile, won the award for meeting commitments under its sustainable development policy, which is shaped by regular consultations with customers.

Among initiatives adopted by CFS are work with prisons so that ex-offenders can open basic bank accounts, setting up a Customers Who Care project to promote climate change campaigns, and buying more than 99 per cent of its electricity from renewable sources.

EDF Energy was highly commended in the same category. Other companies among the 106 given Bitc Big Tick awards were Procter & Gamble, which won the Responsible Marketing award for its campaign encouraging customers to save energy by washing clothes at low temperatures, and Sainsbury’s, which took the supply chain award for its work with the Marine Conservation Society to rate the sustainability status of the fish species that it sells, and withdrawing the most endangered from sale.

Smaller company winners included the Suffolk brewer Adnams, which took the eco-efficiency prize for, among other things, a carbon-neutral beer.

The Co-operative Group | UK & NI Ireland | Awards

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