The Lloyds Bank Sustainable Business of the Year Award
CRITERIA
Are you a business that puts sustainability, social and environmental impact at the core of your values, operations and ambitions?
Is sustainability a fundamental part of your business plan, and is it a key part of how you measure success? How are you driving this in your supply chain and local community?
Open to private, public and third sector organisations, this award recognises those demonstrating the commercial case for a sustainable and ethical approach.
This award highlights the role of organisations of all sizes in addressing social, economic, environmental and ethical challenges and achieving commercial success.
The Sustainable Business of the Year will recognise those organisations that have achieved meaningful and sustainable impact through partnership, investment, pro-bono work or employee led initiatives.
Judges will look for evidence of how these organisations have brought their values to life, embedded the approach throughout the whole organisation and aligned them with their commercial objectives.
Judges will evaluate the extent to which your organisation has achieved objectives related to:
- Society & community
- Environment & nature
- Local, national or global economy
- Ethics & governance
SCORING AND WEIGHTING
In this category judges will compare the extent to which each candidate has demonstrated excellence in the following areas:
- Employee & Community Engagement
- Leadership & Innovation
- Organisational Ethics & Policies
- Financial Performance & Growth
PROPORTION OF OVERALL SCORING
25% Employee, 25% Leadership, 35% Organisational, 15% Financial
ENTRY DETAILS
In a summary of no more than 350 words, please describe what your business does, the market in which it operates and what differentiates you from your competitors. Please include your key business achievements that are significant for your market sector or industry. (Please note that should you become a finalist the answer to this question will be used in external PR & Communications to explain who you are)
In no more than 1200 words, explain why you should win this award using the bullet points below as a guide:
- Employee & Community Engagement 25%
- Evidence of how employees and stakeholders have been retained, motivated and optimised to deliver the growth objectives of the organisation in line with your sustainability goals or targets
- Evidence of how your sustainability policy has improved employee engagement, candidate attraction or community impact
- How are policies or initiatives related to environmental, social or governance impact aligned with your talent strategy?
- Leadership & Innovation 25%
- What is innovative about your approach to sustainability or ESG? How is your sustainability strategy or purpose aligned with innovation in your organisation?
- What innovation or improvement has enabled you to achieve your sustainability or commercial objectives?
- How has the management structure, leadership philosophy and culture of your company supported growth or improved performance over the last three years?
- Provide examples of how leadership/management have improved impact on local, national or global communities.
- Organisational Ethics & Policies 35%
- Tell us how ESG and in particular sustainability is defined within your organisation and how those values and objectives align to your business strategy or commercial objectives.
- What is your company doing to improve environmental, social or governance impact and how are these initiatives aligned with commercial success?
- How does your approach to diversity, equity and inclusion align with your ethical policy or purpose?
- Financial Performance & Growth 15%
- Describe your growth strategy, how growth is defined, market trends or factors which have shaped it, key targets/metrics (including ESG / sustainability related) and what has been achieved over the last year.
- Demonstrate evidence of your business providing a positive social impact within its sector or community.
- How do you benchmark success against your peers or industry in terms of growth or sustainability?
