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Nationwide Building Society publishes Better Society Report

Published 11-12-07

Issued by Nationwide Building Society

Summary

The company has today published its fifth Better Society report covering their responsible business approach

Report Highlights

Nationwide Building Society has today published its fifth Better Society report at www.nationwide.co.uk/bettersociety

Examples of Nationwide’s responsible business approach include:

' commitment to donate at least 1% of pre-tax profits to charity, community and environmental activities
' long-term community investment through partners including Macmillan and Disability Sport Events
' sustained carbon management measures, resulting in an 85% reduction in CO2 emissions since 2005
' helping to increase the availability of affordable housing by being the largest lender to social landlords in the UK
' providing a fair deal and delivering long-term value through honest and straightforward products and services
' campaigning on industry and consumer issues including free cash machines, child savings regime and stamp duty threshold
' prudent and responsible lending (rate of arrears on mortgages and credit cards being significantly lower than industry averages)

Owned by its members and with no shareholders, Nationwide is the UK's leading mutual organisation, with assets in excess of £160 billion. Serving around 13 million members, Nationwide offers savings, investments, insurance, mortgages, loans, pensions, credit cards and banking. It is the UK’s largest retail mortgage lender and the second largest retail savings provider. Nationwide is headquartered in Swindon UK and employs around 19,000 people.

For further information, please email bettersociety@nationwide.co.uk

Nationwide Building Society

Nationwide Building Society

Nationwide is the world's largest building society as well as one of the largest savings providers and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million customers.

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