Accessible Reporting |  Site Map |  Feedback |  Download |  How to Join  
*
The Co-operative Bank*
*
Social Responsibility |  Indicators |  Partnership Report 2002 |  Our Performance |  Home
*
**
*
Introduction
 Ethical Policy
 Finance: Ethical and Ecological Screening
 Suppliers: Ethical and Ecological Screening
 Suppliers: Attitudes Towards the Bank's Ethical and Ecological Policies >>
 Finance: Tailored Ethical Products and Services
 Diversity: Staff
 Diversity: Customers
 Health and Safety
 Community

Delivering Value
 Ecological Sustainability

Financial Statements 2002

This site has been designed to enable visitors to change the size of the text that appears on pages by adjusting their browser settings. If the text on this page is too small: In Internet Explorer, click on 'Text size' in the 'View' menu and adjust accordingly or, in Netscape, click on 'Increase font'
*
Social Responsibility : Suppliers: Attitudes Towards the Bank's Ethical and Ecological Policies
*
attitudes towards the bank's ethical and ecological policies
  1. Attitudes towards the bank's ethical and ecological policies
Suppliers Society

  • Hold further events with suppliers to continue raising awareness and understanding of practical approaches to ecological sustainability. TARGET NOT ACHIEVED *
  • Ensure that 75% of suppliers continue to be aware of the bank's ethical and ecological policies. TARGET ACHIEVED *
performance
Awareness of the Bank's Ethical and Ecological Policies
* Aware   * Not aware / Don't know
The graph shows suppliers' belief that the bank is fully committed to ethical and ecological issues. Figures for 2002, in percentage terms are as follows: yes - 90, don't know - 10. 2001: yes - 91 and don't know - 9. 2000: yes - 88, no - 5 and don't know - 7.1999: yes - 86, no - 2 and don't know - 12. 1998: yes - 81, no - 2 and don't know - 17. Source: Nunwood Supplier Research 2002.
* Yes   * No   * Don't know
Rating of the Bank's Knowledge of Ethical and Ecological Issues
* Very good   * Quite good   * Not very good   * Not at all good   * Don't know
How Bank's Knowledge of Ethical and Ecological Issues Rates in Comparison with Other Companies
* Very favourably   * Quite favourably   * Not very favourably   * Not at all favourably   * Don't know
Bank's Ethical Stance has Made an Impact on the way the Supplier Operates
* Yes   * No   * Don't know
commentary
Awareness There has been an improvement in suppliers' awareness of the bank's ethical and ecological policies, particularly in respect of ecological issues. 82% of suppliers (2001: 76%) are aware of the bank's ethical or ecological policies. 78% of suppliers are aware of the bank's Ethical Policy (2001: 70%), 70% of the Ecological Mission Statement (2001: 58%), and 52% of the Partnership Approach (2001: 48%). During 2002, tender documents continued to highlight the Ethical Policy and Ecological Mission Statement and requested appropriate information from suppliers for screening purposes. To view the ethical and ecological screening page follow this link.

Impact There has been a significant increase in the proportion of suppliers reporting that the bank's policies have had a positive impact on the way their business operates in terms of being more ecologically sound and socially responsible, and in the choice of companies they use themselves. Almost half (46%) now state that the bank's policies have had an impact on the way their business operates (2001: 25%). This increase is a consequence of the bank's engagement with a range of suppliers as described on the ethical and ecological screening page. This achievement is particularly impressive considering that, for the majority of suppliers, the bank's business constitutes a small proportion of their turnover (less than 1% for more than half of suppliers). The most frequently mentioned impacts are increased awareness of ethical and ecological issues, increased recycling and increased use of sustainable products and services. The bank did not hold further awareness-raising events with suppliers in 2002. However, as evidenced in the supplier research, it has achieved the intended increase in awareness through other means of supplier engagement. 		*
new targets
  1. Ensure that at least 80% of suppliers are aware of the bank's ethical and ecological policies.
  2. Ensure that at least 80% of suppliers rate the bank's knowledge of ethical and ecological issues as good.
    Ken Lewis, Executive Director, Resources, CFS/John Sheerin, Head of Procurement and Supplier Management
 *
Continue to: Finance: Tailored Ethical Products and Services Back To Top

The above data and commentary has been audited by ethics etc...
Data, commentary and performance assured in accordance with AA1000as.