Co-ops hand out larger portions of profits

CO-OPS have been highlighted as some of the most generous organisations in the UK according to Business in the Community. Eleven co-operatives are among the 127 organisations that...

CO-OPS have been highlighted as some of the most generous organisations in the UK according to Business in the Community.
Eleven co-operatives are among the 127 organisations that have donated at least one per cent of their profits to good causes.
The PerCent club, run by BiTC, had a total of 172 applications from big businesses such as ITV to smaller ones such as a printing firm, but only 127 had donated at least one per cent of profits.
The second most generous organisation overall in percentage terms was workers&#039 co-operative Scott Bader which donated 27.1 per cent of profits to the community, it was only behind ethical printers Beacon Press (29.2 per cent).
Although Scott Bader topped the table in percentage terms, the Movement&#039s biggest givers were the Co-operative Group (&#163 7.2 million), Co-operative Bank (&#163 2.7m) and United Co-operatives (&#163 2.5m).
The newly-formed Midcounties Co-operative (listed as the former Oxford, Swindon and Gloucester Society) was named as the most generous retailer after donating 12.43 per cent to good causes.
Other retailers in the PerCent Club include Marks & Spencer (1.28 per cent), John Lewis Partnership (2.12 per cent), Sainsbury&#039s (2.66 per cent), Tesco (1.1 per cent) and WH Smith (1.69 per cent).
Bob Burlton, Chief Executive of Midcounties Society, said: "As a long-standing member of the PerCent Club we are delighted to maintain our place among the most community-focused organisations in the UK.
"The society is committed to continuing in our aim to be a successful co-operative business, enhancing the lives of our staff, members and customers."
Julia Cleverdon, Chief Executive of Business in the Community, said: "The latest PerCent Standard figures indicate that companies, both large and small, are moving on from straightforward cash donations and looking at mobilising a whole range of resources when supporting charities and community projects. But we&#039re only scratching the surface.
"I would like to see more companies becoming more transparent and reporting their community investment so we can measure the positive impact that business is having more accurately."

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