Launching our second Responsible Business Report
- Joel Ripley
- 21 April 2023
- 5 mins reading time
Being responsible means different things to different businesses. We assess our responsible progress in this report but our priority remains the same: our responsibility to help our clients effectively plan their financial futures.
We will not make grand statements or ambiguous promises that could risk putting our clients second. Neither will we gloss over some of our ambitions that we need to work harder on in coming years.
We recognise that we are in the privileged position to make decisions to run our company and our clients’ investments responsibly. And as a relatively new and dynamic business, we are able to implement those decisions, as this report shows.
Being a responsible business is a long-term commitment
We believe responsible commitment is a long-term journey; we don’t want to make initial promises and then let these lapse. So I’m delighted that we have been re-accredited by the Good Business Charter, continuing to fulfil all ten of their responsible business criteria, as well as gaining re-accreditation by the Fair Tax Mark, showing our commitment to tax transparency and paying our fair share of taxes.
We also continue our commitment to: paying every colleague above the real living wage and paid out a one-off Cost of Living payment in October 2022 to assist with rising costs, and paying our suppliers promptly with 99% of invoices being paid within agreed guidelines in 2022.
Our environmental aims remain at the forefront of our business operations, with initiatives in place to increase recycling, to lower emissions including business travel and supply chain emissions, and to reduce paper usage, among others.
Furthering our responsible journey
You can find more detail about our responsible activities in our report [link to report]. We are on a responsible journey, and we will continue to update you on our progress.
Joel Ripley is Responsible Business Network Chair at Schroders Personal Wealth
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