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Our sustainability strategy and progress

Our sustainability strategy is key to delivering our purpose on being a responsible employer and partner, having a positive impact on our employees, customers & partners and reducing our carbon footprint. Our organisation purpose is to proudly supporting our community of customers and partners in creating opportunities through convenient payments.

Our organisation purpose is underpinned by four corporate values; Stand Together; Stand Up; Stand True and Stand Out, which we apply to the way we operate every day. As a responsible business employing over 400 colleagues across the UK and Ireland, we are committed to improving our environmental impact.

Our Sustainability Committee drives the Environmental, Social and Governance (‘ESG’) action that is relevant to our business model and practices, ensuring Premium Credit is socially and ethically accountable, contributing to the communities we serve.

Our ESG Framework

The Sustainability Committee’s responsibilities include:

  • Defining the sustainability strategy and executing agreed initiatives and providing regular reporting to the Executive Committee and the Board
  • Championing the sustainability agenda and raising the profile of ESG internally and externally
  • Measuring the performance of our Environmental, Social and Governance activity against agreed metrics
  • Identifying and proposing appropriate and beneficial corporate partnerships
  • Providing constructive guidance for sustainability ideas and suggestions from around the business, and working with colleagues to generate active engagement for sustainability activities

In 2022, we made progress across all areas of our ESG Framework including improved reporting of a range of KPIs in order to ultimately align to the SASB (Sustainability Accounting Standards Board) standards issued by the International Sustainability Standards Board (‘ISSB’) and to the Task Force on Climate-related Financial Disclosures (‘TCFD’).

We have also developed a clear Sustainability Policy that sets out our objectives, areas of focus, Committee responsibilities and brings together a range of existing policies. We continue to use Ecovadis, an external business sustainability assessment tool, to audit our progress annually. We have been awarded a “Silver” rating, having improved all our metrics.

Read our progress in our Annual Report & Accounts.

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