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Unity Trust Bank awarded prestigious Good Egg mark

Unity Trust Bank has been awarded the ‘Good Egg’ mark from the responsible finance site, Good With Money, in recognition of the bank’s ethical business practices.

By contributor Claudia Grocutt
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Established in 2017, the Good Egg is a registered trademark, which can only be used by financial organisations that are able to prove they are making positive impact for customers, society and the environment.

Unity is now one of nine organisations to receive the Good Egg mark, recognising its commitment to supporting organisations that improve the lives of local communities across the UK, particularly those delivering services in areas of high deprivation.

To receive the mark, organisations must meet Good With Money’s strict criteria and pass a multi-stage application process, including being assessed by the independent research consultancy, Ethical Screening, and approved by a panel of industry experts.

Unity was acknowledged for driving positive impact across each of the four assessment areas: industry / customer, environmental, social and internal (staff, policies and office environment).

Across all criteria, the judging panel recognised Unity’s key strengths and areas of positive impact. In particular, the bank was commended for its support of disadvantaged groups, the quality of its impact report, and its strong social purpose financing.

This accreditation follows the publication of Unity’s 2024 results, which reported record customer balances of £1.7 billion, up 10% from 2023. More than half (50.5%) of lending was committed to areas of high deprivation (2023: 45.3%), helping to support organisations that are making a real difference to communities and individuals most in need.

Unity assesses every loan proposal against the United Nation’s Sustainable Development Goals (SDGs), to ensure the bank’s financing has demonstrable impact. In 2024, Unity’s lending helped to create or protect 3,194 jobs, and support 1,798 care beds; 1,806 day care spaces; 216 education spaces; and 1,109 affordable homes.

Joshua Meek, Chief Impact Officer at Unity Trust Bank, said:

“We’re delighted to be awarded the Good Egg mark, which reflects Unity’s 40-year heritage of delivering positive impact - not only for our customers, staff and stakeholders, but for wider benefits to society and the environment.

“Delivering positive outcomes for people and planet is a core part of our ‘double bottom line’ of achieving sustainable returns and delivering benefits to society. Customers who bank with us can have confidence that their deposits are helping to deliver social good.”

Lisa Stanley, co-founder of Good With Money, said: “Unity Trust Bank has joined a select group of financial services companies that are able to prove they make a positive impact. This is not only by improving the lives of customers, but by benefiting society and the environment, too.

"It's great to see a business bank like Unity with such a strong social conscience, go from strength to strength in the UK. Look for a Good Egg if you want to align your money with your morals and use companies that are doing the right thing.”

Unity was founded by the trade union movement in 1984 to serve the common good. It supports socially-minded organisations that share its values and address social, economic and environmental needs.

In 2024, Unity received the King’s Award for Enterprise for Sustainable Development and was named in The Sunday Times’ Best Places to Work.

For more information, visit unity.co.uk

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