Charity Bank

Certified B Corporation
Headquarters

Kent, United Kingdom

Certified Since

December 2014

Sector

Service with Minor Environmental Footprint

Operates In

United Kingdom

Charity Bank is an ethical savings and loans bank with a mission to use money for good. Charity Bank lends solely to charities, social enterprises and other organisations where the loan is for social purpose. Since 2002, it has used the money saved with it to provide over £170 million of loan finance to support organisations which are working to enrich and improve society. Savings with Charity Bank become part of a social mission. They may be used to extend sports centres, increase access to education for excluded young people, open a safe house for victims of domestic violence, provide homes for those on low incomes or regenerate deprived areas of the country, as examples. Charity Bank is entirely owned by charitable foundations, trusts and social purpose organisations. Charity Bank works in, and for, the social sector. Almost two-thirds of the projects financed by Charity Bank would not have gone ahead otherwise. Its loans support a wide range of organisations, including arts, community, education, environment, faith, health, housing, regeneration, social care and sports.

Overall B Impact Score

Based on the B Impact assessment, Charity Bank earned an overall score of 128.7. The median score for ordinary businesses who complete the assessment is currently 50.9.
128.7
128.7 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 18.6

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 & Engagement2.1
Corporate Accountability1.8
Ethics2.0
Transparency5.1
+ 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 24.7

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.

Compensation & Wages3.3
Benefits13.5
Training & Education1.6
Worker Ownership0.0
Management & Worker Communication2.5
Job Flexibility/Corporate Culture2.9

Community 37.4

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.

Job Creation0.0
Diversity & Inclusion4.2
Civic Engagement & Giving7.4
Local Involvement3.0
Suppliers, Distributors & Product7.0
+ Designed to Give15.8

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 13.6

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.

Land, Office, Plant6.4
Inputs2.6
Outputs0.7
+ Green Lending3.9

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 34.4

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.

+ Portfolio Reporting2.3
+ Targeted for Investment4
+ Leadership & Outreach1.6
+ Investment Criteria3.5
+ Portfolio Management8
+ Serving in Need Populations15

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

2017 Overall B Impact Score128.7
2014 Overall B Impact Score128.9

Best for the World

Each year, B Lab releases lists honoring the top-performing Certified B Corporations overall as well as within each Impact Area.

Best For The World: Customers2019
Best For The World: Governance2019
Best For The World: Overall2019
Best For The World: Changemakers2018
Best For The World: Customers2018
Best For The World: Governance2018
Best For The World: Overall2018
Best For The World: Customers2017
Best For The World: Governance2017

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