e’re very proud to announce that we are now B Corp certified! This means that we’re part of a global community of businesses that meet high standards of social and environmental impact.
The B Corp movement is here to change our economic system to positively impact all stakeholders — workers, communities, customers, and our planet. B Lab, the entity behind the B Corp movement, believes that a different kind of economy is not only possible, but necessary, and that business can lead the way. B Lab creates standards, policies, tools, and programmes that shift the behaviour, culture, and structure of capitalism, mobilising the B Corp community towards collective action to address society’s most critical challenges.
As a B Corp in the fintech industry, Coverflex is now counted among businesses that are leading a global movement for an inclusive, equitable, and regenerative economy.
What is a B Corporation?
B stands for “Benefit for all”. B Corporations are companies that meet high standards of social and environmental performance, accountability, and transparency. B Corps are also legally committed to bringing benefit not just to shareholders, but all business stakeholders — workers, customers, communities, and the environment.
Becoming a B Corp certified company involves a comprehensive assessment of business practices and their impact across five key areas: governance, workers, customers, community, and the environment. This assessment is based on a wide range of factors, from employee benefits and community involvement to sustainable sourcing and waste reduction.
It’s all about progress
Becoming a B Corp certified company doesn’t mean that we’re perfect. By joining the movement, though, we become part of a community that aims to use business as a force for good, and we commit to the permanent betterment of our practices and standards.
In order to achieve certification, B Corps have to achieve a minimum score of 80 on a scale from 0 to 200. Coverflex was certified with a final score of 93.8, after an extensive verification process. Our assessment can be publicly found on the B Corp directory of companies.
To maintain certification, Certified B Corps must update their B Impact Assessment (BIA) and verify their updated B Impact score every three years. We look forward to further improving our practices and increasing our impact score until 2026.
What does this mean for Coverflex and our community?
For us, this certification is not just a badge: it’s a testament to our commitment, purpose and a transparent acknowledgement of our company’s virtues and imperfections.
Becoming B Corp certified is not the end of a journey, but rather the beginning of a new chapter in our long lasting commitment to positive impact. We are proud to be part of a global community of businesses dedicated to using their influence to make the world a better place.
As we move forward, we invite our customers, partners, and stakeholders to join us on this journey. Together, we can create a brighter and more sustainable future for all.