Corporate Responsibility (“CR”) refers to how the Group views its obligations to each of its stakeholders: customers, employees, shareholders’, taxpayers and the wider community in which the Group operates, together with how it lives up to these obligations in practice.
Following the sale of the Life Group to the Minister for Finance on 29 June 2012, the Group transitioned from managing life assurance and banking operations (Irish Life and permanent tsb) to managing banking operations.
In 2013, the Group will develop a new CR strategy incorporating new concepts and fresh ideas. The new CR programme will focus on building integrity, responsibility and trust. It will highlight permanent tsb’s accountabilities, relevance to the market and responsibility to its stakeholders.