Back to May 2019

LBS extends volunteering targets ahead of Volunteers’ Week

Leeds Building Society has extended its target for colleague volunteering after surpassing its initial aims two years ahead of schedule.

Ahead of Volunteers’ Week (1-7 June), the Society has announced a new target of 14,000 volunteering hours in the community by the end of 2020. Colleagues dedicating time to volunteering has increased from 3% in 2015 to 60% in 2018.

So far, in 2019, almost 300 Leeds Building Society colleagues have provided 1,800 hours of volunteering to the communities in which they live and work.

This has included mentoring children at Keighley’s University Academy, serving food at Leeds Irish Health & Homes, completing maintenance projects at Wade’s Rangers in Leeds, volunteering at Middleton Park Equestrian and marshalling the Leeds 10k run.

Richard Fearon, Chief Executive Officer at Leeds Building Society, said: “Volunteering forms a key part of our Corporate Responsibility strategy and it is an area where the response from colleagues has been overwhelming. We were founded on the principle of people helping people, and volunteering is one of the greatest expressions of this.

“We have increased our four-year target from 8,000 to 14,000 hours after surpassing the original aim in just two years. It’s great to see so many people continuing to support our volunteering initiative in 2019 by pledging their time to their local communities.

“Through volunteering, Society colleagues create positive and long-lasting effects where they and our members live and work, with many using their everyday business skills to enhance and support their communities.”


Notes to Editors

Leeds Building Society operates throughout the UK and in Gibraltar and has assets of £19.4bn at 31 December 2018 (£18.5bn at 31 December 2017). The Society’s head office has been based in the centre of Leeds since 1886.

The Society’s volunteering scheme offers every colleague seven hours’ to support a good cause of their choice, either as an individual or part of a team, with an additional seven hours’ for Leeds Building Society partners Samaritans or parkrun.

Since 2017, the Society has delivered in excess of 10,500 volunteering hours into its communities and has increased its external target to deliver 14,000 volunteering hours by the end of 2020. In 2018, 62% of colleagues chose to use their volunteering time, which compares to 3% in 2015 when the scheme first launched.