Evolving responsible business

Evolving responsible business

We are working with thought leaders to build our understanding of operating responsibly, and to help drive change across industry in how responsible business is perceived. 

The Centre for Responsible Business (CFRB) is a unique joint venture between Lloyds Banking Group and the University of Birmingham’s Business School. This initiative combines research with business, exploring how all businesses can work in an ever more responsible and ethical manner. The outputs of this approach will have impacts across a range of industries, benefitting the entire economy.  

Expanding responsible thinking

The CFRB employs five resident researchers whose interests range from zero emission vehicles to diversity in the workplace, as well as numerous associates whose work aims to improve policy at the highest level.

One area of focus for researchers will be exploring the regulatory, operational and ethical barriers to the implementation of artificial intelligence. The CFRB has forged a number of partnerships with many organisations. For instance, its work with Business in the Community has led to the production of a business tracker to measure performance against the Sustainable Development Goals.

A pioneering partnership

“We are at the beginning of this exciting collaboration between Lloyds Banking Group and the University of Birmingham. It’s a unique opportunity to explore best practice, and inform the evolution of responsible business decision making, underpinning Lloyds Banking Group’s pioneering purpose, ‘Helping Britain Prosper. It has been some journey so far, laying down the foundations for future success”

Professor Ian Thompson, Director, Lloyds Banking Group Centre for Responsible Business

A pioneering partnership

Supporting prosperity

The CFRB’s work is exploring how businesses inform, shape and energise the Responsible Business Revolution and to underpin Lloyds Banking Group’s pioneering initiative, ‘Helping Britain Prosper. Its work could lead the way to new definitions of what ‘responsible business’ entails and in time, underpin many innovative business processes and practices that support UK prosperity and sustainability in the longer term.