Ecology Building Society is a mutual organisation controlled by its members. Its members are its customers, both savers and borrowers. If you are an individual aged 18 or over on the date of voting, and your account balance at the end of the previous financial year (or other dates as specified in the Rules) was £100 or more, you will be able to vote as specified in the Rules, assuming you have not ceased to hold shares between the dates specified. Every voting member has one vote, regardless of the size of their investment.
The articles of the Society contain a requirement “to promote…ecological policies designed to promote or enhance the environment in accordance with the principles of sustainable development”. Sustainable development is defined as “improving the quality of human life while living within the carrying capacity of supporting ecosystems”.
In 2014 the Society completed its first full year as a member of the Global Alliance for Banking on Values, which brings together the leading financial institutions from across the globe who are pursuing a common agenda of banking for sustainability.
The society has added Ethics to the responsibility of it's Risk, Audit and Compliance committee, and has embarked on developing a framework for monitoring and managing our standards of conduct.