New Resource Bank

Commercial Banking

San Francisco, California

United States

newresourcebank.com

About New Resource Bank

New Resource Bank is the bank for people who are leading the way to a more sustainable world. They match an entrepreneurial spirit with a dedication to achieving environmental and social, as well as financial, returns.

Our ultimate goal is to transform what it means to do, “business as usual.” Becoming a B Corporation brings that goal closer to reality. Joining this community gives us access to best practices and new ideas we can share with our stakeholders, and it provides respected third-party verification that we meet the highest social and environmental standards.

New Resource Bank believes that acting collectively, businesses can be a powerful agent for change. They're proud of their pioneering clients in the clean energy, green building, and organic food sectors, and of their groundbreaking solar and green lending programs, which other banks have emulated. And their business customers get more than custom financing and expert advice—they get connected to New Resource Bank's network of sustainability leaders. The company also collaborates with nonprofits on creative ways for them to advance their mission, save money, and increase donations.

The Change We Seek®

New Resource Bank’s mission is to advance sustainability with everything we do—the loans we make, the way we operate, and our commitment to putting deposits to work for good. To us, banking isn’t just a service—it’s a way to create a better world.

We manage the financial, environmental, and social impacts of our activities to promote the global well-being of future generations. New Resource supports businesses, nonprofits, and people that are pursuing innovative solutions to our environmental, economic, and social challenges. We provide innovative programs such as the Solar CD, which funds solar industry loans; home equity loans for energy efficiency and renewable power upgrades; and a debit card that generates donations for nonprofit organizations. And we work continually to make our own operations more sustainable.

New Resource seeks to model sustainability with our LEED Gold–rated headquarters, programs that educate and engage people in rethinking the way we use resources, and ongoing sustainability initiatives, such as greening our IT systems and partnering with iReuse to track and reduce our waste and consumption. We also offset 100 percent of electricity usage and company travel through the purchase of Green-e renewable energy certificates. On top of that, our staff-led Values in Action Committee is dedicated to making sure we live up to our sustainability principles.

What makes us a better company?

B Impact Report

Certified since: 

June 2010
Summary:

Company Score

Median Score*

Governance

Governance

The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.

19
10
Workers

Workers

The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.

33
22
Community

Community

The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.

42
32
Environment

Environment

The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.

15
9
Overall B Score
150
80

80 out of 200 is eligible for certification

*Of all businesses that have completed the B Impact Assessment

*Median scores will not add up to overall

view full reports »

Company Highlights: 

Consumers: >75% of loans support sustainable businesses; Solar CD's support renewable energy projects

Employees: >50% employees share ownership in the company; 100% employees paid a living wage; >80% health insurance premiums covered; Offers 6+ weeks maternity leave

Environment: LEED certified offices offset 100% energy used; Offers incentives to employees to encouarge low-impact commutes; Conducts an annual carbon inventory; >50% office supplies recycled materials; >75% of print materials use recycled/FSC certified paper

Community: >60% suppliers are local and independent; Organizes company-wide community service days

2014 Best for the World Overall Honoree

Miscellany: 

 

Blogs / Feeds

• Linked In Go»
• Perspectives: Should Banking be a Force for Sustainability? Go»

Press

• Company New Page Go»
• One of America's greenest banks, Bank Technology News Go»
Time magazine profiles founder Peter Liu Go»
• NY Times 'Amid Wall Street Protests, Smaller Banks Gain Favor' Go»