Business Development Bank of Canada

Certified B Corporation
Headquarters

Quebec, Canada

Certified Since

December 2013

Industry

Deposit bank - Developed Markets

Sector

Service with Minor Environmental Footprint

Operates In

Canada

Website

BDC is the only bank devoted exclusively to entrepreneurs. It promotes Canadian entrepreneurship with a focus on small and medium-sized businesses. With its 110+ business centres from coast to coast, BDC provides entrepreneurs in all industries with financing and advisory services. Its investment arm, BDC Capital, offers equity, venture capital as well as customized growth and business transition capital. Note: This company or an affiliated individual or entity has made a philanthropic contribution to B Lab within the parameters of its conflict of interest policy. For more information visit the funders and finances section of this website.

Overall B Impact Score

Based on the B Impact assessment, Business Development Bank of Canada 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 17.7

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 & Engagement2.6
Ethics & Transparency7.6
+ Mission Locked7.5

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.


Workers 34.2

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 Security10.8
Health, Wellness, & Safety9.6
Career Development5.8
Engagement & Satisfaction6.7

Community 20.6

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, & Inclusion10.0
Economic Impact4.5
Civic Engagement & Giving3.7
Supply Chain Management1.1

Environment 4.2

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 Management1.2
Air & Climate0.8
Water0.3
Land & Life1.6
+ Green Lending0.1

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.


Customers 16.1

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 Stewardship3.6
+ Portfolio Reporting0
+ Targeted for Investment2
+ Leadership & Outreach0.5
+ Investment Criteria3.5
+ Portfolio Management5
+ Serving in Need Populations0

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 Score93.9
2018 Overall B Impact Score96.5
2015 Overall B Impact Score97.8
2013 Overall B Impact Score97.7

Additional Documentation

Business Development Bank of Canada FAQs

Business Development Bank of Canada (BDC) Transparent Assessment 2018

BDC Transparent Assessment 2022


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: Governance2019
Best For The World: Workers2019
Best For The World: Governance2018
Best For The World: Governance2017

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