Sustainability Summary

This is an unclaimed profile. Charity Bank has not joined Sustainability Tracker to verify their sustainability credentials. We gathered what we could from public sources.

Charity Bank Sustainability Profile

Sustainability Summary

This is an unclaimed profile. Charity Bank has not joined Sustainability Tracker to verify their sustainability credentials. We gathered what we could from public sources.

What do our labels mean?

Charity Bank is a loans and savings bank owned by and committed to supporting the social sector. Its sustainability and ESG approach is centred on lending to charities, social enterprises and other impact-led organisations, with social impact described as the core measure of success. The bank says it integrates ESG principles, considers climate change and environmental impact as urgent social and economic challenges, and aims for net zero. It also supports green lending, ethical savings, and finance for organisations working on affordable housing, community services, energy efficiency and other environmental projects.

About Charity Bank

Status
Unverified

Website
Visit Website

Employees
25 - 100

Country
United Kingdom

Charity Bank Sustainability Actions

Record lending in 2024

In 2024, Charity Bank reached a new record, disbursing £70.0 million in new loans to UK charities and social enterprises, building on the £53.5 million distributed in 2023. These funds helped to build affordable homes, expand vital services, and empower organisations working at the heart of their communities.

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Expanded green lending

During 2023-24 Charity Bank expanded its activity in the green lending space with blended finance products to support energy efficiency investments by social sector organisations. The bank says these efforts are part of its broader strategy to help borrowers transition to a low-carbon future while reducing operating costs.

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Launched Brighter Futures Fund

In 2024 Charity Bank launched its Brighter Futures Fund, using a portion of surplus funds to support impactful organisations that fall outside the scope of traditional lending. The bank says the fund reflects its commitment to inclusive finance.

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Published ESG reporting

Charity Bank published its Environmental, Social and Governance Report 2024 and says it publishes details of its operating emissions and the emissions financed by its loans in its annual accounts. Since 2023, it has offset its measured operating emissions through credits purchased from Forest Carbon.

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Assessed loans for impact

Charity Bank only provides loans to organisations that are actively working to improve society. Each loan is assessed not just for financial viability but also for the social impact the borrower aims to deliver, with impact measured against diversity, additionality, environment, locality and depth of need.

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Charity Bank Sustainability Commitments

2027

Impact strategy through 2027

Charity Bank’s 2023–2027 strategy sets out a clear and focused vision for the impact it intends to achieve, shaped in collaboration with shareholders and informed by the Adebowale Commission on Social Investment.

2030

Aim for net zero

Charity Bank says it aims for net zero and that its Net Zero working group leads its journey towards environmental sustainability and achieving net-zero emissions.