At P1 we have a staff committee to explore issues relating to ethics and sustainability within our workplace as a commitment to our values. This committee is made up of P1 employees with members rotating over a period to ensure inclusion of all staff, to promote ownership and engagement within P1, and to provide fresh and innovative thinking. The committee’s terms of reference are:
“To come up with ideas, make recommendations and explore implementation for a range of ethical and sustainable initiatives we can make in the P1 office and working practices and promote these as part of P1’s ethical culture.”
Workplace Ethics and Sustainability Committee
Workplace Ethics and Sustainability Committee (WESC) is the name we give to our more formal initiatives within P1, implying a sense of organic growth both for P1 as an organisation and also for us, as individuals, within P1. This has resulted in a number of initiatives within P1, some more formal, while others take place at a more personal level for those involved. P1’s Initiatives within WESC include:
Business Ethics Seminar
A lunchtime seminar on business ethics provided to all staff at P1, with opportunity for discussion and debate. This helps take our awareness of ethical issues to a level beyond just meeting mandatory compliance requirements. This training has now been rolled out for all new staff joining P1 as part of their induction. To benefit our colleagues and business partners in the wider finance community, it has been developed and expanded into a Continuous Professional Development (CPD) course that we offer. For example, this might be ideal for IFA or adviser firms looking to offer their staff CPD with an ethical bias.Contact to book Ethical CPD
P1’s Carbon Offsetting Initiative targets a long-term goal of achieving carbon-neutrality. At this stage we have offset the carbon emissions generated by our staff during their daily commutes to work. In due course we intend to roll this out to cover all our business activities.
To show that P1 Investment Service Ltd is committed to meeting the standards required for best practice in Environmental Management, P1 was formally awarded the ISO 14001 certification on 6th November 2017. This demonstrates that you can have confidence that we act in an environmentally responsible way.
Support for Charity Work
All staff have an allocated period of two days per year which they can use to support charities of their personal choice. It allows them to take time off to devote to a registered charity of their own choosing. In due course we will be providing details of charities our staff have been supporting.
Electric Vehicle and Cycle to Work
As part of our bit to reduce the company’s impact on the environment and provide support to our staff, P1 introduced the Cycle to Work and the salary sacrifice electric vehicle scheme. In doing so, where possible we’ve tried to make commuting to work a carbon neutral activity for our staff.