Corporate Social Responsibility

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Employee Involvement

Bradford & Bingley continues to support employee involvement, in particular, by supporting their fundraising activities.

All employees are able to apply for funds to match their fundraising efforts for charity in a scheme which matches the first £250 of funds raised per employee. We saw a large increase of 42% in matching during the year totalling £32,680 (2006: £23,084). We also saw an increase in the number of staff receiving matching, up 36% to 144 staff (2006: 106). This increase has been driven by increased internal promotion, including presentations to all newstarters in the Group’s induction programme.

Bradford & Bingley also matches employee donations through the payroll-giving programme, Give As You Earn. We continued to promote the scheme to new and existing employees via online and internal promotions. 7.8% of our workforce now donate via Give As You Earn (2006: 8.5%) although we have seen average monthly amounts donated rise to £26.90 (2006: £23.84). As a Group, Bradford & Bingley matched £81,331 of employee donations (2006: £78,675).

Overall, our staff helped raise £140,242 in their fundraising efforts. Particular mention should go to Breda Coleman, branch manager at our Belfast branch, who raised over £10,200 by trekking along the Great Wall of China in aid of Breast Cancer. This amount beats the previous staff fundraising record of £7,950 held by longstanding record holder, Ian Sedgwick, who has been raising funds for the childhood cancer charity, Candlelighters, for a number of years.

Overall, employee involvement rose to £528,076 (2006: £513,162) and this trend is set to continue in 2008.

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