Vancity has been chosen as one of Canada’s 50 most socially responsible companies in Maclean’s fifth annual survey of corporate social responsibility, the credit union announced Friday.
The organization ranked in the “Banks – Best in Class” category, along with five other Canadian financial institutions, including BMO, the Co-Operators Group, Desjardins Group, the TD Bank Group and the Royal Bank of Canada.
Among the reasons Vancity was chosen for the list were:
- the integration of environmental and social issues into investment strategy;
- a “living wage policy,” whereby all employees are paid at least $19.14 per hour; and
- the approval of $386 million in “community-impact loans” to organizations that demonstrate positive social, environmental or cultural impact.
“Receiving these awards is great external validation of our thriving business model, committed to innovative leadership in ethical business practices and community investment,” said Vancity president and CEO Tamara Vrooman.
