The Lloyds Banking Group Centre for Responsible Business officially opened
The Lloyds Banking Group Centre for Responsible Business (CFRB) was officially opened on Tuesday 2 October by António Horta-Osório, CEO of Lloyds Banking Group.
The CFRB, a joint venture between Lloyds Banking Group and the University of Birmingham’s Business School, is an innovative initiative which combines research with business; exploring how businesses can work in an ever more responsible and sustainable manner. The CFRB employs five resident researchers whose interests range from zero emission vehicles to diversity in the workplace, as well as numerous associates whose work into responsible finance, fast fashion and shared parental leave aims to improve policy at the highest level.
The CFRB’s work is underpinned by the seventeen Sustainable Development Goals from the United Nations, which aim to eliminate poverty and inequality, improve the effect of humanity on the environment and build better futures across the globe. These goals, alongside the work of the centre align closely with Lloyds Banking Group’s mission to ‘Help Britain Prosper’.
The CFRB has already forged a number of partnerships with a diverse array of organisations. For instance, its work with Business in the Community has led to the production of a business tracker, a comprehensive tool which measures the performance of businesses against the Sustainable Development Goals, helping organisations to celebrate their successes against the goals and improve where necessary.
António Horta-Osório began his visit with a meeting with our University’s Vice Chancellor, Professor Sir David Eastwood. The Vice Chancellor said: “We enjoy a historic relationship with the Lloyds Banking Group; the Centre for Responsible Business is the latest expression of our shared interests and partnership.
“I was delighted to welcome António to campus to demonstrate the impact of our work and discuss our shared ambition to become global champions of responsible business practice.”
Professor Richard Black, Head of the College of Social Sciences commented “responsible business is embedded into the core values of this University, helping us achieve our civic mission and instilling sustainability in business education for all who join us here at the University. The Centre for Responsible Business is vital to help us achieve the goals we share with Lloyds Banking Group. Today’s visit from Antonio further proves the importance of these values, the Centre and the work we do.”
António Horta-Osório officially opened the Centre by unveiling a plaque at the Business School in University House, before touring the CFRB, meeting the staff dedicated to seeing a responsible future in business become a reality and spending time with a variety of students who share an interest in this area.
The relationship between the University and Lloyds Banking Group spans over 100 years: Lloyds has been the University’s bank since it was established in May 1900. Producing credible and accurate research will help develop ground breaking, policy-influencing thought leadership – and establish the CFRB as a leading European centre for research.
It will play a pivotal role in ensuring the worlds of academia, business and policy-making interact more effectively, working together to drive change.