On September 29th, 2023, Vancity announced a Financial Health & Inclusion target as part of its commitment to the United Nations Principles for Responsible Banking (UN PRB).
Increase the percentage of members who feel confident about successfully managing their financial situation in the next 12 months from 74% in 2023 to 80% by 2030.
Setting this target is an important step in formalizing Vancity's intention and strategic focus to improve the financial health and inclusion of its members and communities, while also intersecting closely with Vancity's commitment to Reconciliation and climate justice.
“Financial health and inclusion have been central to Vancity’s work since our founding in 1946,” said Andrea Harris, VP of Impact Strategy at Vancity. “We firmly believe that what gets measured matters, and this target will serve as a compass to guide how we show up for our members and communities.”
Vancity was one of the first Canadian financial institutions to join the UN PRBs in 2019 and is one of over 30 financial institutions globally committing to support financial health and inclusion through its products, services, and other measures. In the following months and years, Vancity will continue to create products and programs to support the financial health and wellbeing of its members and communities.
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