Oxford Innovation Space Leads by Example with Good Business Charter Accreditation
Oxford Innovation Space has reaffirmed its dedication to ethical and responsible business practices by achieving the prestigious Good Business Charter accreditation. This recognition highlights the organisation’s ongoing commitment to fairness, sustainability, and employee well-being across its network of innovation centres.
A Commitment to Responsible Business
By securing this accreditation, Oxford Innovation Space joins a select group of businesses that uphold the highest standards in governance and corporate responsibility. Their approach ensures that employees, customers, suppliers, and the wider community benefit from ethical and sustainable business operations.
Jo Stevens, Managing Director of Oxford Innovation Space, expressed her pride in this achievement:
“Our accreditation with the Good Business Charter reinforces the values we hold as a business. Through our focus on fair pay, employee well-being, diversity and inclusion, and environmental responsibility, we aim to lead by example and support innovation with purpose.”
Championing the 10 Pillars of the Good Business Charter
As part of Good Business Fortnight (3-14 February 2025), Oxford Innovation Space is celebrating the Charter’s 10 key pillars of responsible business, demonstrating its leadership in creating a positive and lasting impact. These pillars include:
- Real Living Wage: A commitment to fair remuneration by paying at least the Real Living Wage and offering enhanced maternity and paternity pay.
- Employee Well-being: A ‘People First’ strategy that prioritises employee development and mental health support, with access to a 24/7 Employee Assistance Programme and trained mental health first aiders.
- Employee Representation: A culture of open communication, with bi-annual surveys and an employee satisfaction platform allowing anonymous feedback.
- Equality, Diversity and Inclusion (EDI): Dedicated Diversity Champions, regular equality and diversity training, and proactive inclusivity measures.
- Fairer Hours and Contracts: Flexible and hybrid working policies to promote work-life balance.
- Environmental Responsibility: A strategic partnership with Positive Planet to reduce emissions and reach Net Zero, backed by Carbon Literacy Training and ISO 14001 certification.
- Fair Tax Practices: Transparent and ethical tax policies in full compliance with HMRC.
- Commitment to Customers: Delivering exceptional customer service, reflected in a 96% satisfaction rating across their innovation centres.
- Ethical Sourcing: Fair procurement policies that prioritise sustainability and reduced carbon footprints.
- Prompt Payment: Supporting SMEs by ensuring suppliers are paid within 30 days.
Leading Innovation with Purpose
Oxford Innovation Space’s accreditation with the Good Business Charter underscores its role as a responsible leader in the innovation sector. By setting a benchmark in ethical business practices, they encourage other organisations to adopt similar values, strengthening the wider business ecosystem.
For more information on the Good Business Charter, visit www.goodbusinesscharter.com.
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