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

Located in California, Oregon, and Washington, Beneficial State Bank is a Certified B Corporation that operates as a triple-bottom-line bank with a charitable ownership structure.

Headquarters

State of California, USA

Verified Because
Industry

Bank for Deposit and Withdrawal Services in Developed Markets

Sector

Service with a Minimal Impact on the Environment

Website

Financial institution with a social, environmental, and financial mission and a non-profit ownership structure We're a bank with locations in California, Oregon, and Washington that provides the standard banking services you'd expect, but our ultimate goal is to facilitate and support your financial success and life goals rather than to maximize our own.

Headquarters

American state of California

Authorized Since
Industry

Developed Markets Deposit Bank

Sector

Services with Minimal Impact on the Environment

Website

Triple-bottom-line bank with a charitable ownership structure and a primary focus on social good We're a bank with locations in California, Oregon, and Washington that provides the usual services, but our primary motivation is to help you succeed rather than to maximize our own gain.

Overall, the B Impact evaluation gave Beneficial State Bank a score of 158. 9 The current median score for regularly operating businesses who take the survey is 50. 9
General Impact Grade of B 158.9
Eighty Percent Meet the Criteria for B Corporation Status
Median Score for Typical Businesses is 50.9%

Governance analyzes a company based on its overall purpose, involvement in addressing its social and environmental impact, 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 evaluated in this section. g Corporation) or the Bylaws of a Corporation (which may or may not confer a benefit on its

Which brings us to the question:   One of the goals of an Impact Business Model is to improve the lives of the company's many constituencies (including its employees, local residents, environmental constituents, and consumer base).

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)

Inquiring minds want to know: what is this   An Impact Business Model is a strategic approach to doing business with the explicit goal of improving the well-being of one or more of a company's key constituencies (including employees, the local community, the environment, and/or customers).

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.

Concerns for One's Physical and Emotional Well-Being and for One 7.2
Perceived Value and Happiness 4.0

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.

Multiculturalism, Gender Equity, and LGBTQ+ Inclusion 8.7
Participation in Society & Charity 6.8
Optimization of the Supply Chain 0.4

A question: what is this   An Impact Business Model is one in which a company aims to improve the lives of some group besides its own, be it its employees, the local populace, the environment, or its customers.

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.

In Control of the Environment 2.5

Which brings us to the question:   The goal of any company with an Impact Business Model is to improve the lives of some group associated with it, be it employees, customers, or members of the local community.

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.

Designed to Attract Capital 4
Executive Ability and Community Engagement 5.4
Managing Your Portfolio 6.3
Offering Help to Those in Need 30

The heck is this   The goal of any company with an Impact Business Model is to improve the lives of some group associated with it, be it employees, customers, or members of the local community.

In 2017, the overall impact grade was a B. 176
In 2015, the overall impact grade was a B. 165.4
Across-the-Board 2012 Impact Grade: B 151.8
The B Impact score for Beneficial State Bank was 158. 9 There is currently a median score of 50 for regular businesses that take the test. 9
158.9
A Combined Impact Score of 158.9 out of a Possible 20 for Grade B Work
Eighty Meet the Requirements for B Corporation Status
The Average Business Receives a 50.9

The term "governance" refers to the process by which a company's goals, activities, ethics, and transparency in regards to its social and environmental impact are evaluated. In addition, this part assesses the company's capacity to uphold its mission and formally take into account stakeholders in decision making by way of its corporate structure (e.g., by having a board of directors). g company bylaws (in the case of a "benefit" corporation)

Where did this come from   An Impact Business Model is a strategic approach to doing business with the explicit goal of improving the lives of some group associated with the organization, be it employees, customers, or members of the local community.

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)

What is this, exactly   It is the goal of a company with an Impact Business Model to improve the lives of some group associated with its operations, be it its employees, customers, or neighbors.

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.

Safety, Health, and Well-Being 7.2
Involvement and Contentment 4.0

Business involvement and impact in the communities where they operate, hire, and source are measured in the Community Impact Area. Diversity, equity, and inclusion; economic impact; civic engagement; charitable giving; and supply chain management are just a few of the topics that will be discussed. 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.

Inclusion, Equity, and Diversity 8.7
Participating in Society and Making Donations 6.8
Management of the Supply Chain 0.4

And this is what   An Impact Business Model is a strategic approach to doing business with the explicit goal of benefiting some group other than shareholders, such as employees, suppliers, customers, or the local community.

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.

Governance of the Environment 2.5

Why is this happening   The goal of any company with an Impact Business Model is to improve the lives of some group associated with it, be it employees, customers, or members of the local community.

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.

Designed to Attract Capital 4
Management and Community Engagement 5.4
Managing Your Portfolio 6.3
Helping Vulnerable Groups 30

And this is what   An Impact Business Model is a strategic approach to doing business with the explicit goal of improving the lives of some group associated with the company, be it employees, customers, or the general public.

Overall 2021 Grade of B Impact 158.9
Grade B for Overall Impact in 2017 176
As a whole, 2015 had a B impact grade. 165.4
General 2012 Impact Grade B 151.8
Confidential Report from the Beneficial State Bank, Year 2021
Public Report from the Beneficial State Bank in 2021

The B Corps with the highest aggregate verified scores across the B Impact Assessment's five impact areas are honored annually by B Lab.

The Happiest Customers in the World 2022
Globally Preferred Method of Government 2022
Optimal For All: A Global Village 2021
In the interest of the World's Customers, Only the Best Will Do 2021
Internationally Preferred Method of Governmental Administration 2021
World-Changing Achievers 2019
The Best for Humanity, Collectively 2019
Superior For All: Global Clientele 2019
Policymaking That Benefits Humanity Globally 2019
A Global Win: The Best Possible Outcome 2019
World-Changing Achievers 2018
The Best for Humanity, Collectively 2018
Customer-Friendly Solutions That Benefit Humanity Globally 2018
Globally Preferred Method of Government 2018
Top Choice: Globally 2018
Winners: Agents of Global Transformation 2017
Collaboration Benefits Everyone and Everywhere 2017
Customers' Happiness Is What Matters Most 2017
Top Choice: Globally 2017
Globally, a sense of community is ideal. 2016
The Happiest Customers in the World 2016
Ideal From A Global Perspective 2016
Cohesive Societies Are The Best For Everyone 2015
For the Greater Good of Humanity, Generally 2015
Alliances are the World's Best Option 2014
In the grand scheme of things, this is best for the world. 2014
The Best for Humanity, Collectively 2013
The Most Beneficial To The Global Community 2013

In each of the five impact areas measured by the B Impact Assessment, B Lab annually honors the B Corps that have attained the highest verified scores.

A Win-Win Situation For Everyone: Your Clients 2022
Globally Preferred Method of Government 2022
A Global Community That Benefits All 2021
Favorable to the World's Customers 2021
Excellent Global Administration 2021
Champions of Global Improvement: Game-Changers 2019
Collaboration Benefits Everyone and Everywhere 2019
The Happiest Customers in the World 2019
Governance That Is Most Beneficial To The World As A Whole 2019
In the grand scheme of things, this is best for the world. 2019
Advantageous to Global Progress: Drivers of Change 2018
Optimal For All: A Global Village 2018
The Best for Humanity and Business 2018
Governance That Is Most Beneficial To The Global Community 2018
Superior: In Every Way For The Global Community 2018
Champions of Global Improvement: Game-Changers 2017
The Best for Humanity, Collectively 2017
Excellent For All: A Global Clientele 2017
The Best For The World, Period 2017
The Best for Humanity, Collectively 2016
Favorable to the World's Customers 2016
Top Choice: Globally 2016
The Best for Humanity, Collectively 2015
Top Choice: Globally 2015
The Best for Humanity, Collectively 2014
Top Choice: Globally 2014
Assembling Together Is The Best Thing For Everyone 2013
For the Greater Good of Humanity, Generally 2013
Top Colorado Financial Institutions, March 2023
Top Colorado Financial Institutions, March 2023

Colorado's top financial institutions serve customers in every nook and cranny of the Centennial State, from the urban centers of Denver and Colorado Springs to the rural hamlets of the Front Range.

Author: Kemurn Paygy Author: Kemurn Paygy
Posted: 2023-03-22 03:02:08
Co-Ownership Checking Accounts That Will Be the Best In 2023
Co-Ownership Checking Accounts That Will Be the Best In 2023

We only recommend products that have passed our rigorous testing criteria; advertisers have no say in which products we recommend. If you decide to visit one of our recommended partners, we may get a commission. To learn more, please review our advertiser disclosure. If

Author: Kemurn Paygy Author: Kemurn Paygy
Posted: 2023-03-21 04:43:18
Top Checking Accounts in the Evergreen State of Washington in 2023
Top Checking Accounts in the Evergreen State of Washington in 2023

In terms of money, your checking account is the nerve center of your entire existence. The checking account is the most common type of bank account in the United States, and most Americans have one. As you can probably guess, Paychecks can be quickly deposited to a checking account,

Author: Kemurn Paygy Author: Kemurn Paygy
Posted: 2023-03-20 13:00:51
In 2023, the following banks will be the best options for nonprofits.
In 2023, the following banks will be the best options for nonprofits.

This piece is a part of a larger series on banking for businesses. Your organization needs to have access to low- or no-fee checking, and the best banks for charities should be able to provide that. Depending on the institution, nonprofit organizations may qualify for a free or reduced

Author: Kemurn Paygy Author: Kemurn Paygy
Posted: 2023-03-17 01:55:09
Showing page 1 of 8

Do you want to learn anything related to 'banks'? With our up-to-date, constantly updated information about banks and how-to, you've come to the right place.

HowToBanks.com - since 2022
US

Facebook| | DMCA

Gen in 0.5859 secs