Societies in Society – launch of 2nd CSR report

Last month, the BSA launched its second report into Corporate Social Responsibility (CSR) in the building society sector. The report, Societies in Society, is one of the few pieces of research to examine CSR activity across a whole sector, rather than the activity of an individual firm.

Increased activity
The main findings shows that building societies have increased their CSR activity in the last three years, compared to a similar survey conducted in 2002. Given the fact the fact that building societies are diverse in their size and location, there are different approaches to CSR, but areas where societies are increasing activities include:

• Supporting employees in charitable work
• Involving members
• Written policies
• Environment
• Green travel
• Supply chain

CSR at the core of BS values
Speaking at the London launch, held in conjunction with The SMART Company who undertook the independent research, Adrian Coles, Director-General of the BSA said;

“Building societies have always had one focus, delivering good products and services to members, whilst contributing to the sustainability of the communities from which their members are drawn. As such, CSR activity, before it was called that, was at the core of their ethos and values.

“Even though the business case was long established, even for smaller organisations, there had been little formal reporting. Since our first survey in 2002, societies have become more organised and are consolidating their activities. This is especially noticeable in managing environmental responsibilities and in improving interactions with members, as well as reporting.”

Getting involved
The full report can be downloaded via the link below.  Members interested in joining the BSA’s CSR Forum should contact Rachel Blackmore