Arma Karma

Certified B Corporation
Headquarters

Essex, United Kingdom

Certified Since

February 2022

Industry

Non-life insurance

Sector

Service with Minor Environmental Footprint

Operates In

United Kingdom

We have subscriptions for music, films, fitness and food. Why not for insurance? And while we’re at it, why not make that monthly insurance subscription for stuff that really matters to you? Not just your phone or airpods, but other things, like your guitar, or necklace, or bike? And if we’re doing all that, why not make it so subscribers can support a good cause through their monthly subscription? Well, we are doing all that at Arma Karma. We’re the simple, flexible and ethical option to protect up to five items against loss, accidental damage and theft with a monthly subscription – one that you can cancel or amend at any time with no admin fees. And that’s not just while you're at home, where your items might be less at risk, but outside and abroad as well. Not bad for a company that’s transforming insurance for good.

Overall B Impact Score

Based on the B Impact assessment, Arma Karma earned an overall score of 93.9. The median score for ordinary businesses who complete the assessment is currently 50.9.
93.9
93.9 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 17.5

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 & Engagement1.0
Ethics & Transparency6.4
+ 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 33.6

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 Security8.0
Health, Wellness, & Safety8.0
Career Development5.9
Engagement & Satisfaction8.9

Community 28.7

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, & Inclusion6.3
Economic Impact5.7
Civic Engagement & Giving1.7
+ Designed to Give13

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.


Environment 10.2

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 Management2.8
Air & Climate4.8
Water0.5
Land & Life2.0

Customers 3.7

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 Stewardship3.7


Previous Overall B Impact Scores

2022 Overall B Impact Score93.9

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