Crown Agents Bank achieves B Corp certification

Crown Agents Bank achieves B Corp certification


Crown Agents Bank Logo

Crown Agents Bank, a leading international wholesale bank, has recently achieved the B Corp certification. This prestigious recognition emphasizes the company’s commitment to balancing profit with purpose, and to create positive social and environmental impacts.

The B Corp certification, issued by the non-profit organization B Lab, is a rigorous assessment that evaluates companies based on various environmental, social, and governance criteria. It measures a company’s performance in areas such as workers’ rights, community engagement, carbon footprint, and product/process sustainability, amongst others.

By achieving this certification, Crown Agents Bank joins a global community of more than 3,800 certified B Corps from over 150 industries, and it becomes the first bank in its sector to obtain this recognition.

Dominic Thorncroft, CEO of Crown Agents Bank, stated, “We are thrilled to receive the B Corp certification, which reflects our ongoing commitment to operate as a force for good in the financial industry. This achievement validates our dedication to making a positive impact on society and the environment while maintaining a high standard of ethical business practices.”

Throughout its history, Crown Agents Bank has played a significant role in driving positive change in emerging markets. The company has been instrumental in facilitating access to essential banking services, fostering economic growth, and promoting financial inclusion in countries where access to financial services is limited.

With its B Corp certification, Crown Agents Bank reinforces its position as a responsible and sustainable institution in the financial sector. This achievement reflects its ongoing efforts to prioritize social and environmental initiatives and contribute to the global movement to reshape traditional business models towards a more sustainable future.

The B Corp certification is considered the gold standard for socially and environmentally responsible businesses. It not only showcases an organization’s commitment to creating a positive impact but also helps consumers and partners identify companies that align with their values.

Crown Agents Bank’s journey towards becoming a B Corp involved a comprehensive evaluation process that assessed the bank’s overall impact on its workers, customers, community, and the environment. The certification demonstrates their dedication to transparency and accountability in these areas.

In conclusion, Crown Agents Bank’s achievement of the B Corp certification is a testament to their continued commitment to being a force for good in the financial industry. By meeting the rigorous standards set by B Lab, the bank has showcased its dedication to ethical business practices, sustainability, and social responsibility. This is an exciting milestone for Crown Agents Bank, and it further solidifies their position as a leader in responsible banking.