Finanzauto SA BIC

Certified B Corporation
Headquarters

Cundinamarca Department, Colombia

Certified Since

October 2021

Industry

Other financial services

Sector

Service with Minor Environmental Footprint

Operates In

Colombia

Finanzauto S.A BIC, es una Compañía con más de 50 años de experiencia en la financiación con propósito, calificada por Standard & Poor´s AA- / BRC1, auditada por KMPG y certificada como una B Corp. Hace parte del Grupo Empresarial SEISSA. La Compañía esta posicionada en el mercado automotor como un financiador de primer nivel, y es la entidad no bancaria mas relevante del sector en Colombia. Primer y único titularizados de cartera de vehículos en Colombia, emisiones calificadas AAA por Fitch Ratings. Procesos de colocación y cobro de cartera para créditos de vehículos ISO 9001:2015 y Carbono Neutral ISO 14064-1:2018, certificados por Bureau Veritas Quality International Colombia Ltda.

Overall B Impact Score

Based on the B Impact assessment, Finanzauto SA BIC earned an overall score of 83.1. The median score for ordinary businesses who complete the assessment is currently 50.9.
83.1
83.1 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 19.3

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.

Mission & Engagement2.6
Ethics & Transparency6.6
+ 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 37.8

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.

Financial Security3.3
Health, Wellness, & Safety3.0
Career Development3.8
Engagement & Satisfaction7.3
+ Workforce Development14.5

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.


Community 17.1

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.

Diversity, Equity, & Inclusion5.3
Economic Impact6.0
Civic Engagement & Giving3.2
Supply Chain Management2.5

Environment 4.8

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.

Environmental Management1.4
Air & Climate0.4
Water0.3
Land & Life2.6

Customers 4.0

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.

Customer Stewardship4.0


Previous Overall B Impact Scores

2021 Overall B Impact Score83.1

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