Premium Credit and our colleagues are all very passionate about doing business responsibly. For us, this means living by our Purpose and Values, behaving responsibly and ethically, working with all our employees, partners and customers to understand the full impact of our operations on the communities we serve and the decisions we make.
Over this last year we have reassessed our approach to sustainability, which has included , revamping our Corporate Social Responsibility (‘CSR’) Committee; made up of colleagues from right across the business and introducing clearer reporting metrics to monitor performance and track improvements. We have aligned our CSR strategy to our purpose and identified four areas of focus where we feel we can have the greatest impact in 2021. These areas are:
• Community: Positively benefitting our communities by delivering monthly initiatives which raise awareness and give back
• Environment: Improving our long-term environmental impact in a cost conscious way that addresses business risks and aligns to our environmental principles
• Procurement: We work with ethical suppliers. We will always look at ways to enhance our Procurement Policy and supplier management processes to ensure that our supplier base operates in a sustainable and ethical way
• Diversity and Inclusion: We are committed to providing an inclusive environment where diversity is recognised as necessary to create a high performing culture
As part of this journey our team has taken responsibility for an external third-party assessment tool, called EcoVadis, which is used by many global brands to benchmark sustainability performance in a number of areas including Environment, Labour & Human Rights, Ethics and Sustainable Procurement. Their report has helped us to identify activities using tangible measures to target specific improvements and the actions required to raise our performance.
As we deliver on our Purpose to proudly support our community of customers and partners in creating opportunities through convenient payments and grow our business, we remain committed to behaving responsibly and ethically, communicating, measuring and improving our impact on these communities, to the environment, and for our people.
We look forward to providing you with further updates as we strive to do business better.
