Assimoco S.p.A.

Certified B Corporation
Headquarters

Milano, Italy

Certified Since

May 2018

Industry

Life insurance

Sector

Service with Minor Environmental Footprint

Operates In

Italy

The Assimoco Group was established in 1978 and was the first Italian Insurance Company of the “Movimento Cooperativo” (Cooperative Movement) in non-life bank assurance sector with the sale of homeowner’s insurance policies via a partnership with the “Banche di credito Cooperativo” (BCC) (Cooperative credit banks). The Group’s headquarters are located in Segrate where approximately 400 employees work to manage more than 700 thousand customers. Assimoco is one of the best companies to work for in Italy, in fact, in 2015 Assimoco made its debut in the Best Workplaces in Italy ranking, and was assigned 19th place out of the 23 award-winning companies. In 2018 the company achieved 16th place in the ranking reserved for small and medium-sized companies. The shareholders are R+V Versicherung AG, a leading insurance group in Germany and is the flagship company of the German Cooperative Sector; “Federazione delle Cooperative Raiffeisen” (Federation of Raiffeisen Cooperatives); Fondosviluppo; Confcooperative (Confederazione Cooperative Italiane - Italian Confederation of Cooperatives) and “Credito Cooperativo” (BCC).

Overall B Impact Score

Based on the B Impact assessment, Assimoco S.p.A. earned an overall score of 80.6. The median score for ordinary businesses who complete the assessment is currently 50.9.
80.6
80.6 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 14.1

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
Corporate Accountability1.7
Ethics2.0
Transparency5.2
+ Mission Locked2.5

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 29.9

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 & Wages6.7
Benefits13.6
Training & Education2.0
Worker Ownership0.0
Management & Worker Communication3.0
Job Flexibility/Corporate Culture3.3

Community 25.6

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.

Job Creation4.1
Diversity & Inclusion3.6
Civic Engagement & Giving5.8
Local Involvement9.0
Suppliers, Distributors & Product3.0

Environment 9.4

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, Plant4.4
Inputs3.7
Outputs1.1

Customers 1.4

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.

+ Health & Wellness Improvement0.6
+ Support for Underserved/Purpose Driven Enterprises0.7
+ 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

2018 Overall B Impact Score80.6

Additional Documentation

Assimoco S.p.A. Transparent Assessment


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