SAN FRANCISCO, April 14, 2015 (GLOBE NEWSWIRE) -- Today, New Resource Bank (OTCBB:NWBN) was recognized for creating the most positive overall social and environmental impact by the nonprofit B Lab with the release of the fourth annual 'B Corp Best for the World' list. The 'B Corp Best for the World' list honors businesses that earned an overall score in the top 10% of more than 1,200 Certified B Corporations from over 120 industries on the B Impact Assessment, a rigorous and comprehensive assessment of a company's impact on its workers, community, and the environment. Honorees were recognized among micro, small, and mid-sized businesses around the globe.
New Resource made the list for a fourth year in a row and had a B Impact Assessment score of 141 (80 is required for certification). See the bank's B Corp profile for highlights.
"Measuring and managing our impact is central to our business model. Each year we seek to go deeper in our commitment to sustainability both internally and externally with the organizations we serve," said New Resource Bank President and CEO Vince Siciliano. "This award is a great honor as it reflects not just our commitment to sustainability but our success in operating a truly sustainable business."
The B Corp 'Best for the World List' sets the gold standard for high impact companies and demonstrates any type of company can use business as a force for good. The 120 'Best for the World' companies come from 49 different industries, such as manufacturing, telecommunications, pharmaceuticals and finance. 37% of honorees are based outside the US, with companies operating in emerging markets such as Afghanistan, The Republic of Korea and Brazil. The honorees represent nearly one-third of all B Corps. (Full list at bestfortheworld.bcorporation.net)
Several bank clients are also on the list of honorees. New Resource is proud to serve these fellow "Best for the World" honorees: Alter Eco, Indigenous, Andean Naturals, Give Something Back, Green Retirement Plans, Imprint Capital and RSF Capital Management. (The full list of honorees is available at bestfortheworld.bcorporation.net.)
"Today's honorees inspire all companies to compete not only to be best in the world, but best for the world. We hope many will take the first step by using the B Impact Assessment to measure and manage their impact with as much rigor as their profit," said Jay Coen Gilbert, Co-Founder of B Lab, the nonprofit organization that certifies B Corporations and governs the independent third party standard used to generate the comparable assessment of corporate impact.
B Lab simultaneously released separate lists recognizing the companies 'Best for the Environment' (environmental impact), 'Best for Community' (community impact), and 'Best for Workers' (employee impact) which can be found at bestfortheworld.bcorporation.net. A total of 350 companies were named 2015 Best for the World Honorees.
Each honored company is a Certified B Corporation. These companies use the power of business to solve social and environmental problems and have met rigorous standards of social and environmental performance, accountability and transparency. Any company can measure and manage social and environmental performance at bimpactassessment.net.
About New Resource Bank
New Resource Bank (https://www.newresourcebank.com) 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.
About B Lab
B Lab (http://www.bcorporation.net) is a nonprofit organization that serves a global movement of people using business as a force for good. Its vision is that one day all companies compete not only to be the best in the world, but the best for the world and society will enjoy prosperity for all for the long term.
B Lab drives this systemic change by: 1) building a community of Certified B Corporations to make it easier for all of us to tell the difference between "good companies" and good marketing; 2) passing benefit corporation legislation to give business leaders the freedom to create value for society as well as shareholders; 3) helping businesses measure, compare and improve their social and environmental performance with the free B Impact Assessment; 4) driving capital to impact investments through use of its B Analytics and GIIRS Ratings platform.