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Unity Trust Bank achieves prestigious King’s Award for Enterprise

Unity Trust Bank achieves prestigious King’s Award for Enterprise

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Unity Trust Bank achieves prestigious King’s Award for Enterprise

Published: May 6, 2024

The King's Award for Enterprise in Sustainable DevelopmentUnity Trust Bank is proud to have been honoured with a prestigious King’s Award for Enterprise in Sustainable Development.

As a bank that supports organisations to deliver positive social impact, we are one of only 29 businesses to receive the award for excellence in this category in 2024.

The King’s Awards for Enterprise are amongst the most prestigious business awards in the UK and this year recognised 252 organisations for their contribution to International Trade, Innovation, Sustainable Development or Promoting Opportunity.

The awards celebrate the success of exciting and innovative businesses which are leading the way with pioneering products or services, delivering impressive social mobility programmes, or showing their commitment to excellent sustainable development practices.

Words from Colin Fyfe

Colin Fyfe is the CEO of Unity Trust Bank. He said: “It’s an honour to receive the King’s Award for Enterprise in Sustainable Development. It recognises how we support socially-minded organisations across the UK and improve the lives of local communities. It’s particularly special to receive this award in the same week that we marked Unity’s 40th anniversary.

“We are an ethical bank committed to a ‘double bottom line’ of delivering positive impact and commercial success. We’re so proud that our work in sustainable development has been recognised in this way.

“We believe our approach to supporting our customers to achieve their commercial and sustainability goals can play a crucial role in addressing key social, economic and environmental needs. We help to deliver real change where it is needed most.”

As part of our commitment to sustainable development, Unity uses customers deposits to support organisations that make a difference to society. We support SMEs, housing associations, membership organisations, social enterprises and charities.

Every loan proposal is reviewed for its positive contribution to society. It is aligned against one or more of the United Nations’ Sustainable Development Goals (SDGs). This helps us to ensure that the bank’s financing delivers quantifiable impact.

Colin added: “As we celebrate Unity’s 40-year heritage, it’s a wonderful achievement to receive this endorsement from His Majesty The King and the Prime Minister. Sustainable development is embedded into the foundations of Unity. This award will further strengthen our ambition and drive. We will continue to build on our proud history of delivering social good.”

The King’s Awards for Enterprise

The King’s Awards for Enterprise was previously known as The Queen’s Awards for Enterprise. It was renamed to reflect His Majesty The King’s desire to continue the legacy of HM Queen Elizabeth II’s recognition of outstanding UK businesses. The awards were first established in 1965 and since then over 7,000 companies have achieved a King’s Award.

Unity began with the trade union movement in 1984 to serve the common good. We reported a record level of lending in its end of year results in 2023. This exceeded £1 billion for the first time and growing 21% from the previous year. Over 45.3% of financing went into areas of high deprivation.