Cornerstone Financial Planning
October 2019
Investment advising
Service with Minor Environmental Footprint
United States
Cornerstone’s collaborative culture supports the greater good as well as their employees and clients through their generous corporate giving program, progressive culture and employee benefits, and their holistic client-focused work in personal finance. They donate 1% of gross revenue to organizations that strive to effect positive change in the world at large. Their corporate culture is unique in its integrated collaborative approach to helping financial planning clients as a team, where employees experience mentoring, full engagement, and empowerment as they further develop their careers. They foster openness and honesty and encourage all to have a voice in how they conduct and improve business. They offer employees progressive healthcare and medical leave benefits, well-being initiatives, and continuing education support. Cornerstone's shared value of environmental stewardship runs throughout the firm, via the sustainable practices they employ in the office and home lives, as well as via charitable giving, and investment options. In every aspect, Cornerstone strives to integrate their values with their work and to be a leader in both word and deed by serving clients sustainably and effectively, to both improve their lives and those of future generations.
Overall B Impact Score
Governance 12.5
Governance evaluates a company's overall mission, engagement around its social/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.
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 33.8
Workers evaluates a company’s contributions to its employees’ financial security, health & safety, wellness, career development, and engagement & 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.
Community 18.8
Community evaluates a company’s engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity & 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.
Environment 4.5
Environment 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.
Customers 18.3
Customers 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 & media products, serving underserved customers/clients, and services that improve the social impact of other businesses or organizations.
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.