Griffin Bank Achieves B Corp Certification
Key Takeaways
- Griffin, a UK fintech bank, achieves B Corp certification.
- Displays a strong commitment to sustainability and ethical business practices.
- Exceeds industry benchmarks for social and environmental performance.
- Plans to further its sustainability goals and collaborate with industry peers.
Griffin, a leading UK bank for fintechs, has announced that it has become a certified B Corp.
This means the bank meets high standards for social and environmental performance, transparency, and accountability. This goal shows Griffin's dedication to running a sustainable and ethical business.
To earn B Corp certification, companies undergo a strict review process by B Lab, a non-profit focused on creating a better business world. Companies are assessed on how they treat their workers, customers, community, and the environment. Griffin scored an impressive 91.5, surpassing the required 80 points and outperforming other financial services firms and similar-sized UK companies.
David Jarvis, co-founder and CEO of Griffin, said, "We’ve aspired to join the B Corp community since as far back as 2019, so this is the realisation of a long-held dream. We’re thrilled to officially join a global community of like-minded businesses in working to be a force for good and playing a leading role in positively impacting and transforming the global economy.
“With the FCA’s new anti-greenwashing rule now in effect, certifications like B Corp provide a solid benchmark for good practice to keep us in check and ensure we are living up to our claims.”
“By committing to the high standards of verified performance, accountability and transparency of the B Corp certification, the team at Griffin continues to show dedication to helping their customers and everyone impacted by their business,” said Jesse Saarela, Principal at NordicNinja, one of Griffin’s investors.
NordicNinja’s Managing Partner Marek Kiisa added: “As an EU Article 8 fund we have a strong focus on sustainability, and we’re excited to continue to partner with the Griffin team as they reinforce their emphasis on sustainability in their business.”
Looking ahead, Griffin will focus on reaching its sustainability goals for 2024. To increase transparency, the bank has shared its sustainability policy publicly. Griffin is also working with other organisations to improve its environmental and social impact.
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Source: Griffin
