Credit Unions claim top spot for Sustainability

10/10/24

Credit unions have claimed top spot in the Ireland RepTrak® Sustainability Index 2024. The Index, now in its thirteenth year, tracks the perceptions of 5,500 members of the informed public on 100 prominent organisations in Ireland. The Index measures 16 sustainability factors across Environmental Impact, Social Performance, Workplace and Conduct.

Credit unions topped the index with a score of 77, featuring in first place in seven of the 16 Sustainability factors including Having a positive influence on society, being fair in the way they do business, being open, transparent and ethical and making a positive economic contribution to society & supporting local communities.

Commenting on the success, Barry O'Flynn from Ballyconnell Credit Union stated:

“We are delighted, along with credit unions across the country, to receive this accolade. Sustainability is at the very heart of what we do and we believe that it is vital in driving long term success of our credit union”.

According to David Malone, CEO of the Irish League of Credit Unions:

“Credit unions were founded to empower communities and achieve financial inclusion by offering ethical lending and access to financial products for their members. That remains core to everything credit unions do for the 3.6 million members and 400 communities they serve across Ireland. Placing first in the Ireland RepTrak® Sustainability Index recognises the impact on society made by the 7,000 people who work and volunteer in credit unions today.”

Now in its thirteenth year, the Ireland RepTrak® Sustainability Index is carried out by The Reputations Agency. It tracks the perceptions of 5,500 members of the informed public on 100 prominent organisations in Ireland. Only those who are familiar with an organisation are invited to rate that organisation. The study took place between the 2nd January and 11th March 2024.