We are pleased to report that, with effect from September 2022, C. Hoare & Co. is certified as a B Corporation (B Corp). We feel that, by holding ourselves to a high-quality, internationally recognised standard, we validate our purpose as ‘good bankers and good citizens.’
What is a B Corp?
A B Corp is a business which has been verified as meeting high standards of social and environmental performance, transparency and accountability. Globally, there are some 5,500 accredited B Corps.
What goes into a B Corp assessment?
Five areas of business activity – workers, environment, governance, customers and community – are assessed, and to certify as a B Corp, a business must score at least 80 points. Without making dramatic changes to our usual business practices, the bank received a strong score of 97.7. This allows others to recognise the depth of our commitment to being good bankers and good citizens.
You can find out more about the principles and practicalities of B Corp certification here: www.bcorporation.uk.
