Ecology The First Building Society Awarded Fair Tax Mark
Ecology has become the first building society in the UK to be awarded the Fair Tax Mark
The Fair Tax Mark is the world’s first independent accreditation scheme to address the issue of responsible tax, with Ecology being the latest company to be awarded the mark.
Paul Ellis, Chief Executive, Ecology Building Society said:
“We believe that the fair payment of tax is an important part of our contribution to society and helps reduce inequalities which have an environmental cost.
While tax remains a controversial area for many, as an ethical business with mutual values at our heart, we are proud to be the first building society to be awarded the Fair Tax Mark, which sets a benchmark for responsible tax behaviour.
The Fair Tax Mark award is a further demonstration of our ethical approach. Our continued commitment to openness and honesty about our financial affairs sets us apart from most other financial services providers and plays a vital role in helping to deliver our mission to build a greener society.”
The first Fair Tax Mark accreditation of a building society now opens up the opportunity for other building societies and ethical banks to demonstrate openness and transparency about their tax affairs. This in turn will enable ethically minded customers to support those businesses that pursue responsible tax behaviour.
Richard Livings, Project Manager of the Fair Tax Mark said:
“We are delighted that the Ecology Building Society is the latest company to join the growing list of accredited businesses to be awarded the Fair Tax Mark. Being proud of the contribution that they make through taxation reflects their pioneering approach to finance. It is fantastic that consumers now have the option of a Fair Tax Mark accredited building society in the highly competitive mortgage and savings market.”
Published: 3 March 2016
Author: Jennifer Whiteside