Lendology, a social enterprise lender, has achieved a Fair Tax Mark accreditation which aims to promote transparency and ethical practices in the financial services industry.
The accreditation, which is overseen by the Fair Tax Foundation, outlines Lendology’s approach to taxation and corporate responsibility and reflects the company’s dedication to operating in a responsible and sustainable manner.
At the core of Lendology’s Fair Tax Mark accreditation is a pledge to pay their fair share of taxes in the countries where they operate. This means that the company will not engage in aggressive tax avoidance schemes or exploit loopholes in tax laws to minimize their tax bill.
Instead, Lendology will work within the legal framework of each country to ensure that they are contributing their fair share to public services and infrastructure.
“Lendology is committed to operating with the highest standards of transparency and ethical behaviour,” said Emma Lower, CEO at Lendology CIC. “Our Fair Tax Accreditation reflects our dedication to paying our fair share of taxes and to contributing to the broader social and economic well-being of the communities in which we operate.”
Anna Osborne, Commercial and Finance Director of Lendology CIC, added: “Our taxes as an organisation contribute to a better society beyond our day-to-day work. I am thrilled to say that we have always been committed to paying our fair share of tax, and the Fair Tax mark now proves this without doubt.
“I highly recommend the Fair Tax Mark team who are very knowledgeable about all tax matters and are working hard to help organisations demonstrate their commitment to payment of their fair share of tax. We hope that our addition to their members encourages others to join the movement.”
Lendology’s Fair Tax Mark accreditation also includes a commitment to maintaining an open and transparent dialogue with tax authorities and to proactively engaging with them to ensure compliance with all relevant tax laws and regulations.
The company will provide timely and accurate tax returns, respond promptly to any queries or requests for information, and work collaboratively with tax authorities to resolve any issues that may arise.
In addition to its commitment to fair taxation, Lendology pledges to support its local communities and to operate in an environmentally responsible manner. The company aims to reduce its carbon footprint, support local charities and community organizations, and encourage its employees to volunteer their time and expertise to charitable causes.
Lendology’s Fair Tax Mark accreditation reflects the company’s commitment to operating ethically and responsibly, and to contributing to the broader social and economic well-being of the communities in which it operates.
As consumers and investors become increasingly focused on issues such as corporate responsibility and sustainability, initiatives like Lendology’s Fair Tax Mark accreditation are likely to become more important in the financial services industry.
For more information about Lendology’s Fair Tax Mark accreditation, please visit https://www.lendology.org.uk/ or call Lendology on 01823 461099.