“This Coalition is seeking lasting change by encouraging companies to place purpose at the centre of their offering and culture. As one of the world’s leading financial centres, the UK is well placed to show that stakeholder capitalism can play a vital role in helping address the world’s most pressing issues.” Cedric Durant des Aulnois, CEO at Montanaro Asset Management
“Changes in fundamental corporate governance hold the key to profound systemic change. What we are proposing could be considered the glue that binds the work of the UN SDGs, TCFD, SBTI, IFRS Foundation (and many more) together to ensure purpose and stakeholder outcomes are core to our businesses and that Directors duties are automatically tethered to the purpose outlined in our constitutions.” Amy Clarke, Co-Founder at Tribe Impact Capital
“Pivoting an established business to a B Corporation has enabled us to increase the resilience of our business and allows us to better identify and adjust to risk and opportunity. Organisations are under increasing scrutiny from customers and holding ourselves to account is important; we can’t just talk the talk, we have to walk the walk too. It’s a journey we are delighted to be on and one that is fundamentally changing how we think about ourselves”. Peter Flavel, CEO at Coutts
About the B Corp Finance Coalition UK:
The B Corp Finance Coalition UK comprises eleven certified B Corporations from across the UK’s finance industry including banks, wealth managers and asset managers. The Coalition believes uniting and combining forces is needed for real change to be achieved across the finance sector.
Founding Members of the Coalition:
EQ Investors – current co-chair: Louisiana Salge, Senior Sustainability Specialist
Montanaro Asset Management – current co-chair: Ed Heaven, Head of Sustainable Investment
WHEB Asset Management
B Corporations are a new kind of business that balances purpose and profit. By amending their legal frameworks, such as Articles of Association, they are legally required to consider the impact of their decisions on their workers, customers, suppliers, community, and the environment.
Further information can be found here: www.b-finance.org
Contacts: info@b-finance.org
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