The Work Index by Flexa

The Co-operative Bank plc

The Co-operative Bank plc is a UK-based ethical bank that prioritizes social and environmental responsibility in its business practices.

https://www.co-operativebank.co.uk/
6.0

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Description

The Co-operative Bank plc is a UK-based retail and SME-focused bank founded in 1872. It is known for its strong commitment to ethical banking, with a customer-led Ethical Policy that guides its business practices. The bank actively campaigns for social and environmental causes, including combating climate change, promoting human rights, and supporting community initiatives. It has been recognized for its ESG performance, being rated as the UK's best ESG-rated high street bank by Sustainalytics.

The Co-operative Bank offers a full range of banking products and services, including current accounts, credit cards, savings accounts, loans, mortgages, and insurance. It operates primarily in the UK and has a strong focus on providing digital and ethical banking solutions to its customers. The bank is committed to providing a positive and inclusive working environment for its employees, offering a range of benefits and development opportunities.

Flexibility

The Co-operative Bank offers a hybrid working environment, allowing employees to split their time between working at their office in Manchester and working remotely from home. This flexibility allows employees to have a better work-life balance and encourages them to be more productive. The company provides employees with 27 days of holiday, rising to 30 days with service, plus the opportunity to buy five extra days. They also offer two paid days for volunteering per year.

Hybrid
Remote

Benefits

The Co-operative Bank offers a competitive benefits package to its employees, including flexible and home working options, 27 days of holiday rising to 30 with service, plus the opportunity to buy 5 extra days, a competitive pension with up to 10% employer contribution, income protection, life assurance, a commitment to continued learning and development, wellbeing support, 2 paid days for volunteering per year, corporate discounts, a Cycle to Work Scheme, family-friendly policies and a supportive working environment, and colleague network groups committed to inclusion and diversity.

Enhanced parental leave

Mission

The Co-operative Bank is a UK-based ethical bank committed to making a positive impact on the planet, its people, and communities. Founded in 1872, the bank is guided by a unique customer-led Ethical Policy that shapes its business practices and ensures its investments align with its values. The Co-operative Bank prioritizes ethical and sustainable business practices, promoting human rights, social justice, and environmental protection. It actively campaigns on issues like climate change, fair renting, and youth homelessness, demonstrating its commitment to creating a fairer and more sustainable world.

Animal focused
Data-driven
Environmental impact driven
Social impact led
Sustainability
Tech for good

Culture

The Co-operative Bank promotes a culture built on their co-operative values of self-help, self-responsibility, democracy, equality and equity, and solidarity. They believe in ethical leadership, honesty, openness, social responsibility, and caring for others. They encourage a culture of diversity and inclusivity, with a number of colleague networks, and provide health, wellbeing, learning and development services to meet the diverse needs of their employees. The company also has a commitment to promoting broader equality in the workplace, with a focus on increasing the number of women in senior roles and building a more diverse workforce.

Agile and dynamic
Collaborative
Engaging
People-first
Progressive
Supportive
Transparent

DE&I

The Co-operative Bank plc is committed to promoting equality in the workplace and building a more diverse workforce that reflects the diverse society in which it operates. The bank has a strong focus on increasing the number of women in senior roles, particularly in historically male-dominated areas, and building an even gender balance across all levels of the organization. The bank also aims for an ethnicity balance that is representative of the UK population across all levels of its organization.

Gender diverse

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