We're honored to be part of the B Corporation movement
Better banking is not only possible; it’s imperative. We don’t need to sacrifice our communities or our planet to run a good bank. In 2012, we became a B Corp, formalizing our commitment to serving our communities and the planet.
What is a B Corp?
B Corporations are for-profit companies that balance the interests of all their stakeholders, including customers, workers, environment, and community. Said another way, most banks and businesses have a single bottom line: profit. B Corps embrace a triple bottom line: people, planet, and profit, because a single bottom line (profit) is not enough. People and planet are equally important to long-term success and sustainability.
To become a B Corp, companies must take the rigorous third-party B Impact Assessment, score a minimum of 80 out of 200 points, and amend their governing documents to embed their mission into their corporate structure. The B Impact Assessment quantifies the positive impact we make in the world and helps us continue to raise the bar for ourselves each time we are evaluated.
Every year, B Lab recognizes the top-performing “Best for the World” B Corps in five impact areas: community, customers, environment, governance, and workers. Only the top 5% of B Corps globally qualify for the honor. Beneficial State Bank is one of the highest rated B Corporations in the world, recognized as “Best for the World” since 2013.
Using business as a force for good
Every time you make a purchase, you are voting with your dollars. By supporting B Corps, you can align your dollars with your values. Find B Corps to support and learn more about how they use business as a force for good.
If you’re interested in banking with a B Corp, please connect with us. Our experienced team is ready to work with you.