NEWCASTLE UPON TYNE, England, June 13, 2011 /PRNewswire/ --
Northern Rock has been heralded among the most responsible businesses in the UK after receiving Business in the Community's (BITC) coveted national Big Tick for its work to tackle financial exclusion in partnership with credit unions.
The Big Tick award is the first level of award available to entrants of the national BITC Awards for Excellence, which recognises inspirational programmes that are making a positive impact on the community, the environment or wider society.
Northern Rock's contribution, which involved volunteers skilled in a number of disciplines, helping to rebrand and relaunch South Tyneside Credit Union as Bridges Your Community Bank, has also been shortlisted for consideration for the title of Example of Excellence - the overall winner for the Building Stronger Communities category.
The final results will be announced at the BITC Awards for Excellence Gala Event, sponsored by Unilever, which will be held at the Royal Albert Hall on 5 July.
Northern Rock's Customer and Commercial Director Andy Tate said: "We are absolutely delighted to receive this Big Tick in recognition of our important work in the local community, in this instance for our work with Bridges.
"We are also honoured to have been shortlisted for the overall Example of Excellence and we are very proud of what has been achieved through the dedication of our staff."
Stephen Howard, Chief Executive of Business in the Community, said: "I congratulate Northern Rock on achieving its Big Tick. It is a challenging time for business, but this is a sign that companies are not losing their focus and are transforming their businesses to make a positive impact on people and society; and are prepared to lead by example. That's what Business in the Community's Awards for Excellence is all about - celebrating responsible business, the leadership that makes it happen and the benefits to the business and society of doing so.
"Communities and consumers need to see that businesses are proactive, visible and engaged on the big issues of the day, as Northern Rock has demonstrated."
Representatives from Northern Rock will be presented with the Big Tick award at a regional celebration event at the Gateshead Hilton at the end of June.
About Northern Rock:
Northern Rock plc is a new bank, authorised by the FSA as a deposit taker and mortgage lender from 1 January 2010. It offers savings accounts (including an ISA) to customers in the UK and Ireland and mortgages to UK borrowers. New products, such as fixed rate bonds, are offered through both direct channels - including a national branch network - and mortgage intermediaries.
Northern Rock continues to operate within the compensatory measures agreed with the EC as part of the State Aid approval announced in October 2009.
About Business in the Community:
Business in the Community's Awards for Excellence identify and celebrate companies having a positive impact on the community, environment, marketplace and workplace.
The Big Tick winners demonstrate significant impact and high quality management of their responsible business practices and can show a positive impact both on society and on the business. Now in their 14th year, they are the UK's leading awards for responsible business practice. BITC received over 370 entries for the national Awards for Excellence.
Business in the Community stands for responsible business - it is a business-led charity with a growing membership of 850 companies, from large multinational household names to small local businesses and public sector organisations.
Business in the Community advises, supports and challenges its members to create a sustainable future for society and to improve business performance.
Its members work with it to define what responsibility looks like in the workplace, marketplace, community and the environment - and the charity shares what it learns about driving performance through responsible business practice.
Northern Rock House
Newcastle upon Tyne