ReportAlert.info - Vancity Publishes 2012 Annual Report
The report illustrates the company's financial, social and environmental performance and impact.
May 9, 2013 /3BL Media/ - Vancity’s 2012 Annual Report—The Vancity Effect—illustrates Vancity’s financial, social and environmental performance and impact, explaining how the credit union translates millions of dollars of credit, grants and shared profits into positive outcomes for members and communities. This is Vancity’s third fully integrated annual report. It provides an overview of Vancity’s sustainable business strategy, which eliminates the need for a separate sustainability strategy. It also summarizes strategic risks and opportunities, progress made on 19 targets and commitments, and provides links to stories and videos that illustrate the positive community impact Vancity helps create. Key results for 2012 include:
- Assets grew by $0.9 billion dollars to $17.1 billion due to healthy loan growth
- Employee engagement scores jumped five points to 76 per cent
- 4.5 per cent of eligible members voted in its Board Director elections
- Of net new investments made by members and clients, 16 per cent were in socially responsible options
- Greenhouse gas emissions increased slightly and Vancity did not meet its aggressive reduction target
Vancity is recognized as an international leader in reporting. It adheres to the AA1000 principles and its 2012 Annual Report was externally assured and prepared in accordance with the Global Reporting Initiative's (GRI) Sustainability Reporting Guidelines to application level A+. It participates in the International Integrated Reporting Council’s Pilot Program, and contributes to the development of the GRI guidelines.
The online annual report is available as a PDF download at vancity.com/2012annualreport. Printed copies are available in Vancity branches. To provide feedback on the report, email accountability@vancity.com.
About Vancity
Vancity is Canada’s largest credit union with $17.1 billion in assets, 492,528 members and 57 branches. It’s a member of the Global Alliance for Banking on Values a network of the world’s leading sustainable banks sharing a commitment to achieving triple-bottom-line impact through responsible banking practices.
