A Beneficial State Bank: A B Corporation Certified by B Lab Global

An organization's ethics, transparency, and commitment to making a positive social and environmental impact are all taken into account in the Governance Impact Area. In this section, we also assess whether or not the company's corporate structure (e.g., board of directors, shareholders, etc.) adequately protects the company's mission and formally takes stakeholders into account in decision making. g company bylaws (in the case of a "benefit" corporation)

Employee benefits, workplace safety, employee health, employee engagement, and job satisfaction are all factors considered in the Workers Impact Area score. Companies with at least 40% ownership by non-executive employees and those with workforce development programs to aid people with barriers to employment are among those highlighted in this section for their efforts to provide for their employees.

The Community Impact Area measures how a company cares for and contributes to the neighborhoods where its stores, employees, and suppliers are located. Supply chain management, economic impact, civic engagement, charitable giving, and diversity and inclusion are a few of the topics we'll be discussing. Fair trade sourcing and distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments are all recognized here as well as other business models that aim to address specific community-oriented problems.

Air, climate, water, land, and biodiversity are all considered in the Environment Impact Area to determine how well a company manages its environmental impact. The supply chain and distribution channels of an organization, if relevant, are also directly relevant. Companies that use environmentally novel production methods or provide products or services with a net positive impact on the environment are also highlighted in this section. Products and services that generate renewable energy, reduce consumption or waste, preserve natural areas or endangered species, offer less toxic alternatives to consumers, and raise awareness about environmental issues are all possible examples.

The Quality of Products and Services, Marketing Integrity, Data Privacy and Security, and Customer Feedback Channels are all aspects of Customer Stewardship that are considered by the Impact Area. In addition, this section acknowledges goods and services that aim to improve the social impact of other businesses or organizations by addressing a specific social problem for or through its customers, such as health and education goods, arts and media goods, and goods and services directed toward underserved customers or clients.

The Governance Impact Area looks at how serious a company is about its goals and how it handles issues related to those goals, as well as its ethical standards and level of transparency. The corporate structure and the company's formal consideration of stakeholders in decision making (e.g., stockholders, employees, and customers) are also assessed in this section. g corporate bylaws (in the case of a "benefit" corporation)

To what extent does a company care about its employees' well-being in terms of their financial stability, physical safety, psychological health, professional growth, and emotional connection to their work? In addition, businesses that have workforce development programs to help people with barriers to employment and are at least 40% owned by non-executive employees are highlighted here.

Business involvement and impact in the communities where they operate, hire, and source are measured in the Community Impact Area. Supply chain management, economic impact, civic engagement, charitable giving, and issues of diversity and inclusion are among the topics covered. Fair trade sourcing and distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments are all recognized here as well as other business models that are tailored to address specific community-oriented problems.

Air, climate, water, land, and biodiversity are all considered in the Environment Impact Area to determine how well the company manages its environmental impact. Indirect effects from a company's supply chain and retail outlets are also included. In this section, we also highlight businesses that use innovative production methods that are gentler on the environment, and provide products and services that help the planet. Products and services that generate clean energy, cut down on garbage, protect natural habitats, offer safer alternatives to consumers, and raise awareness about environmental issues are all good examples.

The Quality of Products and Services, Ethical Marketing, Data Privacy and Security, and Customer Feedback Channels are all aspects of Customer Stewardship that are considered in the Impact Area on Customers. Products and services that improve the social impact of other businesses or organizations, such as those in the health and education sectors, the arts and media, serving underserved customers or clients, and so on, are also recognized in this section.