mallowstreet, the online financial network company for the pensions industry, has been certified a B Corporation.
Passing the rigorous B Corp requirements, mallowstreet has been certified to meet the high standards of social and environmental performance, transparency and accountability. The process has taken a year to complete and the firm will be reassessed, and subsequently recertified, every three years.
Stuart Breyer (pictured), CEO of mallowstreet, commented: “Becoming a B Corporation codified our thinking as a business. The B Corporation framework sets out a definitive vision of what we want to sign up to: an inclusive, equitable and regenerative economic system for all people and the planet. Let’s use business as a force for good.
“At mallowstreet, our overriding purpose is to help provide a better retirement for everyone. It is a benchmark we use internally every day to make decisions. Some tell us this is a lofty goal for a team of 23, but we’ve always believed that through convening key players in the industry, we can drive positive change and empower our community members to make better decisions.”
Breyer urged other financial firms to join them: “Our call to action from this is clear. It isn’t ‘wow, look at what we’ve done’ but quite the opposite. Having spent more than 12 months working through hundreds of questions, and re-thinking and challenging all of our practices, we can say the process was incredibly helpful for us as a business.
“We encourage everyone in our industry to go through this process. This can only collectively strengthen us.”