Certified B Corporation

Bruxelles, Belgium

Certified Since

March 2018


Equity investing - Developed Markets


Service with Minor Environmental Footprint

Operates In




Burkina Faso,




Congo The Democratic Republic Of The,

Costa Rica,

Cote D'Ivoire (Ivory Coast),

Dominican Republic,


El Salvador,
















Sierra Leone,





Alterfin is a cooperative, founded in 1994, that raises capital in Belgium and invests it in developing countries through the financing of microfinance institutions and smallholder producer organizations in sustainable agriculture. Today more than 6,000 co-op members have invested their money in Alterfin. Together they support more than 3.7 million vulnerable families in Africa, Asia and Latin-America.

Overall B Impact Score

Based on the B Impact assessment, ALTERFIN earned an overall score of 115.6. The median score for ordinary businesses who complete the assessment is currently 50.9.
115.6 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 21.4

The Governance Impact Area evaluates a company's overall mission, engagement around its social and environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.

Mission & Engagement4.1
Ethics & Transparency7.3
+ Mission Locked10

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.

Workers 31.9

The Workers Impact Area evaluates a company's contributions to its employees' financial security, health and safety, wellness, career development, as well as overall engagement and satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.

Financial Security4.8
Health, Wellness, & Safety10.3
Career Development3.5
Engagement & Satisfaction5.1

Community 13.1

The Community Impact Area evaluates a company's engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity, and inclusion; economic impact; civic engagement; charitable giving; and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.

Diversity, Equity, & Inclusion6.0
Economic Impact4.5
Civic Engagement & Giving1.9
Supply Chain Management0.7

Environment 8.3

The Environment Impact Area evaluates a company's overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company's operations and, when applicable, its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.

Environmental Management1.9
Air & Climate3.2
Land & Life2.7

Customers 40.4

The Customers Impact Area evaluates a company's stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels. In addition, this section recognizes products or services that are designed to address a particular social problem for or through its customers, such as health or educational products, arts and media products, serving underserved customers or clients, and services that improve the social impact of other businesses or organizations.

Customer Stewardship2.5
+ Mission Lock2
+ Past Performance5.4
+ Current Fund8
+ Positive Impact11.7
+ Portfolio Reporting4.5
+ Capacity Building0
+ Fund Governance4.5

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.

Previous Overall B Impact Scores

2022 Overall B Impact Score115.6
2018 Overall B Impact Score108.9

Additional Documentation

Alterfin Annual Report 2020

Alterfin Disclosure Report

Best for the World

Every year, B Lab recognizes the B Corps that have achieved the highest verified scores in the five impact areas evaluated on the B Impact Assessment.

Best For The World: Workers2019

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