In June, UCA Funds Management became one of the only financial and investment institutions in Australia to be named a B Corporation.
Much like the Fair Trade stamp for coffee, B Corporations (or B Corps) have been independently certified to strict standards of social and environmental performance and accountability. B Corps compete to be the best for the world, rather than the best in the world – a philosophy that aligns perfectly with UCA Funds Management’s better investments, better world paradigm.
B Corp certification is conducted by the non-profit company, B Lab Australia and New Zealand. Certification is a voluntary process for companies to show that they are serious about accountability and ethical, sustainable business.
To receive B Corp certification, companies must complete the B Impact Assessment, which explores:
Companies who become B Corps have been assessed across all these areas and found to holistically consider what they do for all stakeholders, not just shareholders, using business as a force for good.
There are 226 B Corps in Australia (and 2,500+ worldwide). We’ve joined the ranks of other socially responsible businesses who are also B Corps – how many of these Australian B Corps do you know?
With 94 per cent of consumers more likely to trust a company that has a strong social or environmental mission, B Corps are the way of the future. As a certified B Corporation, UCA Funds Management isn’t just a lip-service ethical funds manager, but a peer-assessed, authentically ethical funds manager.
The recognition is also good for investors, as it means our internal governance, systems and processes are on par with the world’s best. B Corps are often able to attract and retain exceptional talent, and when our people are working with your investments, you want them to be the best.
The B Corp community also provides opportunities to collaborate with like-minded businesses to work together in creating and implementing community initiatives that go beyond the bottom line.
All in all, being a B Corp will help UCA Funds Management to achieve our mission of better investments, better returns and a better world.
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