Society Announced as Building Stronger Communities Award Winner at Wales Responsible Business Awards

26 June 2015

BITC Main Win 1

We’re incredibly proud to have been announced as the winner in the ‘Wales and West Utilities Building Stronger Communities Award’ category of the 2015 Wales Responsible Business Awards.

Winners were announced at a prestigious ceremony on Thursday 25th June at Cardiff City Stadium hosted by BBC Wales presenter, Lucy Owen.

As a winner in this inspiring category, the Society has demonstrated significant achievements in helping to address the social, economic and environmental challenges we face as a nation through our Billion Pound Asset Legacy Programme. You can read a detailed case study on the Programme which also includes the inspiring video below.

The Programme launched in September 2014, just as the Society hit a major financial milestone – £1 billion in assets. To celebrate this landmark achievement, the Society decided to give back to the wider local community through some unique and exciting funding projects.

Lasting Legacies

A £75,000 funding pool was allocated to facilitate a series of large-scale donations, decided upon collaboratively with charities including St David’s Hospice Care, the Woodland Trust, Wales Air Ambulance and the Wallich and Noah's Ark Appeal to address need in the fields of the environment, health and the young.

Community Acorn Fund

A grassroots £25,000 fund was launched across our branch and agency network aimed at smaller community projects which saw 44 local groups, from Portishead to Swansea, Cardiff to Brecon, receive funding.

BITC Win 2

Director of BITC Cymru, Rosie Sweetman, said: "The 2015 Awards has been a record year for BITC Cymru and we heard from companies of all sizes and sectors who are achieving commercial success in ways that honour their values and drive real economic, social and environmental impacts in communities across Wales.
“Responsible business is about how a company makes its money, not simply how it returns a profit. This was clearly articulated by the Winners of the 2015 Wales Responsible Business Awards."

She continued: "I congratulate all the companies who have achieved success this year. We look forward to working with the winners, those who were shortlisted and all those who entered and told us their stories as we continue to grow the responsible business network in Wales and demonstrate that business is a force for good."

The judges of the award also stated: "Monmouthshire Building Society successfully developed a programme which combined a significant growth in assets with a mechanism for engaging staff, increasing brand recognition and supporting community projects. The scope and scale of the Building Society’s programme was exceptional and the levels of employee engagement and community impact were particularly striking."

Commenting on the Society’s success, Andrew Lewis, Chief Executive, said: "I’m delighted that the Society has been recognised for its outstanding contribution to the local communities in which we operate. The response to the Acorn Fund was incredible, and I was particularly encouraged by the active support offered by each of our staff members who helped to promote and facilitate the Acorn Fund at a grassroots level."

He added: "As a mutual organisation, supporting the communities in which we operate is a core part of our business ethos. Over time, the Society has greatly expanded this support by establishing our Charitable Foundation, making a measurable difference to many diverse cultural and charitable endeavours. Building upon these foundations, our Billion Pound Asset Legacy Programme strengthens our ongoing commitment to giving back widely and with great appreciation to our local communities."

BITC Win 3

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