Time Finance, the Bath-headquartered alternative funder, has launched a tree planting scheme to support a greener future and broaden its commitment to sustainability as it continues to expand.
Under the initiative, called #OneTreeAtATime, the firm will plant a tree for every new employee it recruits, ensuring the growth of the business has a positive impact on the environment.
Time Finance, which specialises in asset, loan and invoice finance products, has already planted 140 trees in community woodlands, nature reserves and community farms across the UK under the partnership with EFORESTS, the London-based non-profit organisation that provides tree gifts, dedications, corporate planting and carbon offsetting.
Time Finance chief executive Ed Rimmer said: “Our local communities are at the heart of our business and this extends well beyond supporting local business growth.
“We recognise the wider, positive impact Time Finance can make towards creating a greener future, and our newly launched plant-a-tree scheme is just one small step in achieving that.
“Our team is integral to our business and ensuring they are represented in our community initiatives is really important to us.
“Our scheme enables each one of Time Finance’s people to contribute individually to a greener future, but also demonstrates the collective impact we can have together.”
The initiative forms part of Time Finance’s wider environmental, social and governance (ESG) strategy.
Ed continued: “We have plans to grow and as we do, so can our support for local communities and our wider environment. Aligned to our #OneTreeAtATime initiative is our ESG strategy, which we will look to develop further over the coming months and years.”
Time Finance works with around 10,000 businesses across the UK by offering flexible and supportive funding that enables them to achieve their goals – whether that is branching out into new markets, cultivating innovation or enhancing their own sustainability.
Its products include invoice finance, asset finance, commercial loans and asset-based lending.
The firm was launched in 1998 and is listed on the London Stock Exchange’s AIM market, has offices in Cardiff, Abingdon, Manchester, and Warrington as well as Bath.
Originally named 1pm, it rebranded as Time Finance just under two years ago.
