FRANKLIN FITCH JOINS THE GOOD BUSINESS CHARTER

Franklin Fitch is proud to announce that we have achieved the Good Business Charter Accreditation for our ethical and business practices, an initiative that promotes the importance of responsible business practices.

The charter encourages responsible capitalism in the UK, by publicly accrediting organisations that prioritise responsible business and good business practice. The initiative measured Franklin Fitch over ten components including a real living wage, fairer hours and contracts, employee well-being and environmental responsibility. By recognising businesses that meet their high standards, the Good Business Charter aims to inspire other organisations to follow suit.

WHAT IS THE CHARTER?

The Good Business Charter is a simple accreditation that organisations in the UK can sign up for in recognition of responsible business practices.

The charter measures behaviour over 10 key components: real living wage, fairer hours and contracts, employee well-being, employee representation, diversity and inclusion, environmental responsibility, paying fair tax, commitment to customers, ethical sourcing, and prompt payment of debts.

A qualifying organisation must meet all ten commitments to receive GBC accreditation. Open to the private sector, public sector and charities of all sizes including a simplified version for organisations with 50 employees or less.

 The GBC consists of 10 components and more details for each of these components can be found on their website: www.goodbusinesscharter.com

- We are a Living Wage Employer who pays directly employed staff and regularly contracted staff the regular living wage.

- We commit to a fair approach to zero or minimal hours contract including giving at least two weeks’ notice for scheduling shifts and still paying for shifts cancelled at less than two weeks’ notice. We commit to considering providing contracts with guaranteed hours. Both of the above are necessary unless requested otherwise by the employee of their own free will.

- We will have clear, fair and transparent policies that support and encourage employee well-being and ban unreasonable penalties for legitimate sickness.

- We will engage with worker representatives and ensure there is a voice that represents employees around the boardroom table.

- We will commit time and money to create an inclusive workplace. We will monitor the diversity of our workforce, committed to closing the gender, disability and ethnicity pay gaps and narrowing the CEO/worker pay gap.

- We care about the environment and have an environmental policy which demonstrates the ways in which we are committed to reducing our environmental impact and continually improving our environmental performance.

- We commit to pay our taxes, not engage in tax avoidance and be transparent in our relationship with HMRC.

- We recognise our commitment to our customers. We publish this commitment on our website and gather and monitor customer feedback, reporting to the board and addressing concerns.

- We commit to the standards set out in the Ethical Trading Initiative Base Code where relevant to our organisation. 

- We are signatories of the government’s Prompt Payment Code.

This recognition serves to endorse Franklin Fitch’s strong ethical culture across all areas of its business as well as its commitment to customers. It will also provide an additional platform to ensure that Franklin Fitch continues to develop and promote good business practices, now and in the future.