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                                                                                                                   Contents
                                                                                                                   Contents

 opportunities and confidence building
 activities designed to get them back/into
 the working environment; to Soft Touch   Management                                                               Strategic Report
 Arts through their Stars programme,
 which allows the charity to take young   proactively
 peoples’ passion for art and design and
 provide pathways into higher education   introduced a hybrid
 or employment; and TCV who are
 working with young people to develop   operating model for
 a connection between them and the
 vital, but often shrinking, green spaces in   staff to flexibly work
 their community.
 fifty percent of their
 The Bank continues to maintain a                                                                                  Corporate Governance Statement
 strong relationship with Leicestershire   time from home.
 Cares, which is a charity that brokers
 partnerships between the business sector
 and local communities that are in need,
 particularly children and young people.
 The Bank supports a number of their
 initiatives, including:

   ∞ Interview Techniques, which provides   Creating an inclusive workplace
 14/15 year-olds with interview practice   can view on catch-up. Increased Bank-  continued to add to its headcount during
 that can help shape their careers;  The safety and well-being of our people   wide connectivity and accessibility has   2021, and is proud of how well it has on-
 is always our top priority, and the ongoing   also been achieved through the launch   boarded new colleagues across the Bank.
   ∞ Bags of Hope – raising close to £2,000   Covid 19 pandemic has reinforced how   of the Bank’s new intranet during the
 from staff donations that allowed toys   important it is that we look after each   year, enabling more efficient access to   Diversity and inclusion remain at the   Independent Auditor’s Report
 and essential items to be purchased for   other. Early in 2020 we made the decision   information and creating greater social   heart of the Bank’s culture, and we use
 under-privileged children and families.  not to furlough any of our colleagues   interaction. This is supported by the Bank’s   active initiatives and formal policies to
 and provided additional measures   newsletter ‘The Natter’ delivering formal   help support colleagues be themselves at
 A key part of the culture of the Bank is the   including extending dependent leave   and informal communications and updates   work with access to equal opportunities.
 support and encouragement of colleague’s   and flexible working arrangements to   on departmental initiatives.   The Staff Forum continues to provide the
 involvement in charitable efforts through   support people with home schooling and   ‘voice of the organisation’, influencing staff
 a number of routes, including the   carer commitments as well as additional   The Bank has maintained its association   meeting agendas, policy development, and
 matching of their fundraising efforts by   assurance and support to vulnerable   with the Financial Services Culture Board   evaluation. As signatories to the Women
 the Bank. Despite the on-going Covid   colleagues. Throughout 2021, we have   (FSCB) and for the sixth year, participated   in Finance Charter, we are committed to
 19 uncertainty in 2021, this included a   continued to follow government guidelines   in the FSCB Employee Survey where   achieving more women in senior positions
 number of sponsored walks and runs, and   during these challenging times, and after   results continue to be positive, recorded   and driving greater gender balance in the   Financial Statements
 a colleague helping with the creation of   the ‘return-to-office’ advice last summer,   an improvement on prior year, and   industry as a whole. Gender diversity is
 a borehole in Malawi. The Bank also has   management proactively introduced a   reflect strongly in comparison to other   one element of our inclusivity strategy,
 a number of employees that are active   hybrid operating model for staff to flexibly   organisations. The Bank also continues to   and we are actively promoting equality
 members in the organising and running of   work fifty percent of their time from home.   record consistently high participation rates   for all regardless of age, gender, ethnicity,
 local charities, including the treasurer of   and strong scores in the Bank’s employee   religion, disability, sexual orientation,
 Age UK Leicestershire.  Maintaining the flow and frequency   engagement survey, the latest conducted   education, or other characteristics that may
 of communication channels with all   in October 2021.                   result in people being marginalised. The
 Treating businesses fairly and helping our   our colleagues in a remote operating   Bank believes that greater diversity leads
 customers grow  environment has been more important   The Board pays close attention to the   to wider thinking and skill sets, creating
 than ever, enabling us to understand   Bank’s culture and key people measures,   increased innovation and ultimately, better
 The Bank is committed to treating   how people are feeling as they adapt   including turnover rates, sickness levels   customer service.
 businesses fairly and helping them grow   to new working practices and how we   and time taken to fill vacancies. All of these
 through prompt payment of invoices   can continue to better support them. In   remain positively low, although some   There has been no change to our pay   Notes to the Financial Statements
 and are pleased to confirm an improved   addition to our annual engagement survey,   specialist roles within Risk and Finance take   and bonus schemes during the year
 performance with 99% of suppliers being   we ran frequent ‘pulse’ surveys, ‘speed   longer to fill given continued high levels of   where most staff benefit from the Bank’s
 paid within 30 days for the year ending   friending’, and Bank-wide monthly webinars   demand for these specialisms. The Bank,   discretionary profit-sharing scheme capped
 31 December 2021 (2020: 98%).
 in which every colleague participates or   despite the restrictions of lockdown, has   at 10% of basic salary.
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