A B Corp Certification looks beyond traditional business success by evaluating a company’s entire social and environmental impact, ensuring it meets high standards of performance, accountability, and transparency across various criteria. The latest firm to achieve this status is 10x Banking, the cloud-native core banking platform.
As part of its ongoing mission to prioritise people, the planet, and the community, 10x has joined the ranks of over 6,000 Certified B Corporations worldwide. The certification also showcases its commitment as a player in the global movement for an inclusive, equitable and regenerative economy.
‘Impact’ is one of 10x’s core values, alongside transformation and integrity, and chief impact officer and head of inclusion, Amanda Jenkins, is responsible for driving this forward.
Jenkins comments: “10x Banking’s journey to becoming a Certified B Corporation is a testament to our unwavering commitment to making a positive change in the world. We believe that business should be a catalyst for positive transformation. Achieving B Corp certification reinforces our dedication to this vision.”
Why B Corp Certification matters
B Corp Certification is a holistic recognition of a company’s commitment to creating value for all stakeholders, not just shareholders. To achieve this esteemed certification, companies must meet rigorous standards. They must also demonstrate exceptional social and environmental performance, and make a legal commitment to stakeholder accountability.
Jenkins continues: “We chose B Corp Certification because it aligns closely with our core value of ‘Impact’. B Corps envision an economy that benefits everyone and strives for positive change. This harmonises perfectly with our mission to create a better world through our work and be a force for good.”
10x Banking’s commitment to impact
10x’s ‘Impact’-led approach places a strong emphasis on transparency, ethical business operations, and positive change for individuals, businesses, communities, and the environment.
The company’s approach to ‘Impact’ is organised under three pillars that are at the heart of operations through governance: people, community, and planet. Through its initiatives, the company focuses on promoting diversity, fostering an inclusive workplace, supporting local communities, and addressing environmental challenges. The commitment also extends to measuring, reducing, and offsetting carbon emissions to mitigate its environmental footprint.
Continuing the ‘Impact’ journey
Achieving B Corporation status is just one milestone in 10x Banking’s journey towards creating a more sustainable and equitable world. The company remains dedicated to continuous improvement and plans to elevate its B Corp score with each review.
“We view B Corp certification as a steppingstone, not a destination,” added Amanda Jenkins. “Our commitment to impact drives us to constantly evolve, grow, and enhance our practices. As we move forward, we’re excited to see the positive transformations we can inspire as a Certified B Corporation.”
Francis Bignell