SAN FRANCISCO, March 7, 2012 — New Resource Bank has been recognized as “Best for the World” in a list of businesses creating the most overall positive social and environmental impact. New Resource and the other “Best for the World” businesses earned a score that is in the top 10 percent of all Certified B Corporations and, on average, 50 percent higher than the average score of nearly 2,000 other sustainable businesses that have completed the B Impact Assessment.
B Lab’s B Impact Assessment shows the relative value that businesses create for society by comparing nearly 200 individual metrics on corporate impact on workers, consumers, suppliers, community and the environment.
“New Resource Bank is a leader in the global movement to redefine success in business,” says Jay Coen Gilbert, co-founder of B Lab, the nonprofit organization that governs the B Impact Assessment and certifies B Corporations. “New Resource Bank is among the best in the world at being the best for the world.”
“We're excited to receive this recognition and honored to be in such excellent company,” says New Resource President and CEO Vince Siciliano. “This is a tribute to the work everyone at New Resource does every day to not only ensure we meet our operational goals but also make progress on our mission to use banking to create a more sustainable world.”
The “Best for the World” list appears in the 2012 B Corp Annual Report published today by B Lab.
“Best for the World” businesses include Better World Books, Global Green Energy Corp, Green Building Services, Larry’s Beans, Method Home Products, Moving Forward Education, Namaste Solar, Next Street, Partnership Capital Growth, Piedmont Biofuels, PREM Group, Re:Vision Architecture, RecycleBank, South Mountain Company, Southern Energy Management, SQA Pharmacy Services, The Redwoods Group and Virginia Community Capital.
Learn more about how New Resource creates positive social and environmental impact at the B Corporation site.
About New Resource Bank
New Resource Bank is the premier bank for people who are leading the way to a more sustainable world. We match an entrepreneurial spirit with a dedication to achieving environmental and social as well as financial returns. Our mission is to advance sustainability with everything we do—the loans we make, the way we operate and our commitment to putting deposits to work for good. New Resource is a founding member of the Global Alliance for Banking on Values and a certified B Corporation.
About B Lab
B Lab is a nonprofit organization dedicated to building a new sector of the economy that uses the power of business to solve social and environmental problems. B Lab drives systemic change through three interrelated initiatives: (1) building a community of Certified B Corporations to make it easier for all of us to tell the difference between “good companies” and just good marketing; (2) driving capital to impact investments through use of GIIRS Ratings and Analytics; and (3) advancing supportive public policies to accelerate growth of social entrepreneurship and impact investing. To earn certification, B Corps must achieve a verified minimum score (80 out of 200) on the B Impact Assessment and amend their bylaws to legally require their directors to consider the interests of stakeholders, not just shareholders, when making decisions. For more information, contact Jay Coen Gilbert at firstname.lastname@example.org.