Lendology CIC adds to ethical credentials with Fair Tax accreditation
Lendology CIC has secured its first Fair Tax Mark accreditation, joining the global Fair Tax family of businesses.
Based in Somerset, England, Lendology are a not for profit community interest company and social enterprise lender. Working with local authorities across the South West, they help homeowners access council-funded home improvement loans. The low cost loans can be used towards energy efficiency improvements, renewable energy installation, disability adaptations and other essential home repairs or improvements.
Individuals who may be traditionally excluded by mainstream finance providers can take advantage of this affordable finance, including those with a poor credit history, the self-employed or those living on benefits. Many of these customers are likely to be hit the hardest by the cost of living crisis, and would struggle to secure borrowing elsewhere.
Firmly committed to being a responsible business, Lendology boasts a number of ethical credentials and can now add Fair Tax Mark accreditation to these certifications. We are particularly pleased that they also work with two Fair Tax Councils in the UK, Exeter and Bath and North East Somerset, who stand up for responsible tax conduct in the South West.
Emma Lower, CEO, Lendology CIC, said:
“Our taxes as an organisation contribute to a better society beyond our day to day work. I am thrilled to say that we have always been committed to paying our fair share of tax, and the Fair Tax Mark now proves this without doubt. I highly recommend the Fair Tax Mark team who are very knowledgeable about all tax matters and are working hard to help organisations demonstrate their commitment to payment of their fair share of tax. We hope that our addition to their members encourages others to join the movement.”
Greg Yates, Senior Accreditation Manager, Fair Tax Foundation, said:
“As part of the accreditation process, Lendology has gone above and beyond basic reporting requirements by supplementing their recently published accounts with a Fair Tax Mark Statement. The Statement offers additional voluntary tax disclosures, as well as a Tax Policy publicly committing to responsible tax conduct by applying tax rules in good faith and in the spirit that they were intended. We’re especially delighted to be awarding the Fair Tax Mark to a business working with two of our Fair Tax Councils ”
The Fair Tax Mark accreditation scheme is the global gold standard of responsible tax conduct. It seeks to encourage and recognise organisations that pay the right amount of corporation tax at the right time and in the right place. Tax contributions are a vital part of the broader social and economic contribution made by businesses, helping the communities in which they operate to deliver valuable public services and build infrastructure that paves the way for growth. Accredited businesses include listed PLCs, co-operatives, social enterprises and large private businesses.
Find out how your business can join the Fair Tax business community.