ESG vision and approach
Vida Bank is very conscious of its wider social impact. Through the mortgages we provide, we want to support more people to find a place to call home, to support more landlords to provide good quality accommodation for their tenants and, through our partnership with the charity Crisis, work together to end homelessness.
Our ESG Strategy consists of a simple Vision aligning to 4 Pillars, which consider the interests and priorities of our stakeholders:
Support customers to achieve their housing and financial objectives.
Operate transparently and responsibly in all that we do.
Provide an enabling and supportive workplace where colleagues enjoy working.
Have a positive impact on the wider community and environment.
We approach our ESG responsibilities through a focus on 8 Priorities where we can have most impact and will be able to actively drive positive change, whilst building on our existing values:
1. Being a socially responsible business: Understand our impact across society and take action to minimise harms and maximise benefits for all our stakeholders.
2. Ensuring good customer outcomes: Help customers to make informed decisions which enable them to be financially resilient, supporting them throughout their journey with Vida.
3. Supporting personal growth: Create an environment where colleagues develop, thrive, and feel valued.
4. Creating an inclusive workplace: Promote a culture of trust and openness where all colleagues feel empowered to make a difference.
5. Effecting responsible decision making: Establish responsive and effective governance that supports our purpose and achieves our strategic aims.
6. Being diverse: Enable customers and colleagues to have confidence that we value each other’s differences and represent the full diversity of today’s society.
7. Partnering with the community: Engage with our stakeholders and community partners so that we can make a real difference.
8. Achieving net zero operations: Cut emissions from our own operations from the 2019 baseline and offset all our own emissions to net zero.