The society achieved a verified score of 104.6 well above national and sector benchmarks, placing it above the UK company average and leads as the highest scoring building society.

It was also highly commended in its approach to governance, and objectives. It highlighted its commitment to supporting its colleagues, recognised for providing living wages, compensation policies, and benefits, as well as offering training programmes, career development and support for health and wellbeing.

The B Corp status also recognised the society’s efforts to aid customers with their financial needs as well as its charity work.

The Cumberland says it is now looking to continue its journey in developing a responsible business and progress its positive impact on the community around it.

The Cumberland chief people and sustainability officer Jill Johnston says: “Becoming a B Corp is a proud moment for The Cumberland and a fantastic international endorsement of the way we run our business. It reflects our commitment to strong governance, ethical leadership and putting people first – values which have guided us for 175 years.”

“Not only does it recognise our achievements, but it shows that our ambitions and roadmap for the future are on the right track. Moving forward we’ll continue to operate in a way which benefits all of those around us.”