Canadian Crown Corp Joins Global "Good Biz" Movement

TORONTO - March 25, 2014 - PRLog -- With last week's announcement from the Business Development Bank of Canada (BDC) in which they reveled their recent B Corp (Benefit Corporation) Certification, Canada is affirming its position as a global leader in “better business”.

Through BDC, Canada is now home to:

·      The largest B Corp on the planet

·      The largest financial institution on the planet to certify as a B Corp

·      The first B Corp Certified Crown Corporation on the planet

·      The largest cluster of Certified B Corps outside of the United States

B Corp Certification is a third-party certification sought by companies that use the power of business for “good” and are committed to meeting rigorous standards of overall social & environmental performance. Other ‘conscious capitalists’ that have earned B Corp Certification include Ben & Jerry’s, Patagonia, and Etsy—but in total there are nearly 1,000 Certified B Corporations globally (+100 in Canada including Bullfrog Power, Genuine Health & Left Coast Naturals) across 60 industries and 32 countries, unified by the common goal to redefine success in business. As a B Corp, BDC is committed to measuring their positive impact on the world in the areas of:

·      Environmental Sustainability

·      Community Involvement

·      Worker Treatment

·      Governance & Transparency

“B Corp certification is a natural fit for BDC; our exclusive dedication to entrepreneurs is beneficial to Canadian society,” said Craig Ryan, Director, Corporate Social Responsibility, at BDC. “We’re also proud to support the people who create social purpose firms, many of whom seek B Corp certification. We’re confident our new status will help attract more of them as clients.”

“We’re thrilled BDC has joined the B Corp community,” said Bart Houlahan, Cofounder, B Lab. “Their mission to help create and develop small and medium-sized enterprises fits entirely with spirit of B Corporations—using the power of business as a force for good.”