Better Banking Blog
Our Impact

What is the Green Business Network?

Jul 05, 2023

Green America Certified Business Seal

Founded with impact in mind

In 2007, Beneficial State Bank co-founders Kat Taylor and Tom Steyer set out to design a new kind of community bank. Rather than serving the single bottom line of profit, as do most traditional businesses, we equally prioritize the three goals of:

  • Serving our communities (people),

  • Supporting positive environmental outcomes (planet), and

  • Achieving long-term financial sustainability (prosperity).

Today, we practice Beneficial Banking™, in harmony with nature, to help more people and help people more.

Partnerships that deepen our impact

We believe that collective efforts are required to make the planet healthy and livable for the next generation. We are proud to be part of the Green Business Network, the first, largest, and most diverse network of socially and environmentally responsible businesses in the country. The Green Business Network is a program of our client Green America®, the nation's leading nonprofit organization working to build a green and just economy. The Green Business Network Member Directory showcases hundreds of businesses that have a shared goal of positive environmental impact.

Green Business Network members can apply for certification in more than 40 industries (included with membership). Only certified members are listed in the Green Pages, a place for consumers to look for products and services. By leveraging third-party certifications and benchmarking models, we ensure our positive impact is significant, meaningful, and measurable. We report our impact annually to demonstrate that we walk our talk and ensure we meet the highest banking and business standards.

Banking that nurtures the planet

Beneficial State Bank is one of the leaders of a growing movement toward more ethical and inclusive banking. We are committed to running our business in a sustainable way, but we don’t maximize profits at the expense of our customers, our communities, or the planet.

We are proud to be part of the Green Business Network and encourage other businesses and financial institutions to join us.

We need a new economy built for all of us. We vote every day with our choices, our voices, and our wallets. By casting our collective votes for better banking, we are making our vision a reality. When you bank with Beneficial State Bank, your deposits support a lending practice that serves our communities and the planet.

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People, Planet, Prosperity for All

We are proud to lend $100 million to support the environment, and $0 to fossil fuel extraction. When you bank beneficially, you choose to support people and planet.

Choose a Bank that Invests in Tomorrow

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Beneficial State Bank serves the triple-bottom-line of people, planet, and prosperity for all. That means prioritizing social justice and environmental sustainability. Change your bank and help change the world.