Better Banking Blog
Press Release

"Best For the World" 2019 Announced

Sep 12, 2019

The B Corp logo, next to the words "Best for the World 2019 Overall Honoree"

Beneficial State has been recognized as “Best For The World” in five categories for our exemplary societal and environmental impact

Today, we've been named a Best For The World honoree in recognition of our company’s positive impact on the environment, our workforce, our local communities, our suppliers, our customers, and our corporate governance.

We rank in the top 10% of all B Corps across all of these impact areas, earning us a well-deserved spot on the Best For The World: Overall list, the Best For The World: Community list, the Best For The World: Customers list, Best For The World: Governance list, and the Best For The World: Changemaker list.

Best For The World recognition is administered by B Lab, the global nonprofit that certifies and supports Certified B Corporations, which are for-profit companies dedicated to using business as a force for good. Today there are 3,000 Certified B Corporations across 64 countries and 150 industries, unified by one common goal: to redefine success in business.

Five "Best for the World" awards, for Overall, Changemakers, Community, Customers, and Governance

We certified as a B Corporation in 2012 and have been a Best for the World honoree for six consecutive years.

In 2017, we re-certified and received one of the highest B Impact Assessment Scores: 176. To certify as a B Corp, a company must achieve a minimum verified score of 80 points on the B Impact Assessment. The B Impact Assessment asks questions about how the day-to-day operations of a company create positive impact for the company’s workers, community, and environment.

1,000 B Corps from 44 countries were named to the 2019 Best For The World lists, including Patagonia, Abacus Wealth Partners, LLC, Dr. Bronner’s, and Greyston Bakery. The 2019 Best For The World honorees are determined based on the verified B Impact Assessments of Certified B Corporations.

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About Beneficial State Bank

Beneficial State Bank (Beneficial State) is a state-chartered, federally insured bank with branches in California, Oregon, and Washington. Beneficial State serves the triple bottom line of people, planet, and prosperity for all, which involves serving its communities, supporting positive environmental outcomes, and achieving long-term financial sustainability. A unique ownership structure supports these strategic priorities: the bank’s capital is majority-owned by the nonprofit Beneficial State Foundation. This means its economic rights are fully aligned with, and permanently governed in, the public interest.

Beneficial State Bank is a founding signatory of the UN’s Principles for Responsible Banking, a member of the Global Alliance for Banking on Values, a Community Development Financial Institution (CDFI), Fossil Free Certified, and one of the world’s top-rated Certified B Corporations.

Media Contact:
EMC Communications
(650) 455-9928

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