Today, GLOBALANCE BANK was recognized as being among the companies creating the most positive overall impact on its customers based on an independent, comprehensive assessment administered by the nonprofit B Lab. Honorees are featured on B the Change, the digital Medium publication produced by B Lab, at http://www.bthechange.com.
GLOBALANCE BANK is honored in the Best for Customers list, which includes businesses that earned a Customer score in the top 10 percent of more than 2,100 Certified B Corporations on the B Impact Assessment. The full assessment measures a company’s impact on its workers, community, customers and environment. To certify as B Corporations, companies like GLOBALANCE BANK must complete the full assessment and have their answers verified by B Lab.The Customer portion of the B Impact Assessment measures the impact a company has on its
The Customer portion of the B Impact Assessment measures the impact a company has on its customers by focusing on whether a company sells products or services that promote public benefit and if those products/services are targeted toward serving underserved populations. The section also measures whether a company’s product or service is designed to solve a social or environmental issue (improving health, preserving environment, creating economic opportunity for individuals or communities, promoting the arts/sciences, or increasing the flow of capital to purpose-driven enterprises). Honorees scoring in the top 10 percent set a gold standard for the high impact that business as a force for good can make on consumers around the world.
GLOBALANCE BANK made the list thanks to exceptional practices in sustainability investment funds and private equity funds for institutional investors.
The 174 Best for Customers companies come from 63 different industries and 29 countries. B Lab simultaneously released separate lists recognizing B Corporations as Best for the World (overall impact), Best for the Environment, Best for Community, Best for the Long Term, Best for Workers and Best for the World: Changemakers, which can be found at http://www.bthechange.com. (Not available until September 12.)
As any good Swiss mountain guide is enabling her clients to reach new summits perfectly suited to their desires and skills, Globalance is guiding its clients in a complex world, enabling them to be modern stewards of capital: as such, our clients receive the transparency they deserve and achieve positive returns based on positive impacts on the economy, society and the environment.
– Reto Ringger, Founder and CEO of Globalance Bank
Additional 2017 Best for Customers honorees include: AltSchool; Revolution Foods; and Warby Parker.
“Companies like GLOBALANCE BANK exemplify what it means for a business to be a good
citizen,” says Jonathan Normand, co-founder of B Lab (Switzerland). “We’re proud to recognize
their achievement. Best for the World is the only list of businesses making the greatest positive impact that uses comprehensive, comparable, third-party-validated data about a company’s social and environmental performance.”
A total of 846 Certified B Corporations were named 2017 Best for the World Honorees, including: Patagonia; Seventh Generation; National Co+op Grocers; and Triodos Bank. Forty-eight countries are represented, including Afghanistan, Kenya, Nicaragua and Turkey. The selection criteria for Best for the World honorees are available at http://bit.ly/29ZYRSp.
Today there are more than 2,250 Certified B Corporations across more than 130 industries and 50 countries, unified by one common goal: to redefine success in business. Any company can measure and manage social and environmental performance at http://bimpactassessment.net.
Globalance Bank is an owner-run Swiss private bank and represents a paradigm change in banking. It advises private clients, families and foundations on how they can invest their assets for the long run, and this in a very special way: as the world’s first bank to do so, Globalance shows clients the “footprint” of their wealth on the economy, society and the environment.
In an independent assessment by German publisher Fuchsbriefe, Globalance Bank in 2017 was named “Best Swiss Bank”, and Switzerland’s business journal BILANZ ranked it as one of the three best private banks in Switzerland. The World Economic Forum (WEF) distinguished Globalance Bank as “Global Growth Company 2015”, the only European bank to receive that recognition. The founders of Globalance Bank were also the founders of SAM Sustainable Asset Management (today: RobecoSAM) as well as co-initiators of the Dow Jones Sustainability Index.
Further information at: www.globalance-bank.com