Montanaro Asset Management

Certified B Corporation

London Borough of Southwark, United Kingdom

Certified Since

June 2019


Equity investing - Developed Markets


Service with Minor Environmental Footprint

Operates In

United Kingdom

Montanaro is an independent investment boutique seeking to deliver attractive returns by investing exclusively in quoted Small & MidCap companies. A long-term “Quality Growth” investment approach is the hallmark of Montanaro. Their mission is clear: to be the Gold Standard of Small & MidCap investing. Montanaro’s vision is to encourage, through active ownership and engagement, smaller companies around the world to support and embrace the Sustainability Revolution. Montanaro applies a holistic approach to company analysis. Emphasis is placed on environmental, social and governance factors alongside fundamental attributes. With one of Europe’s largest and most experienced investment teams dedicated to SmallCap investing, Montanaro has the resources to work closely with investee companies to encourage sustainable and impactful business practices, which they believe play an integral role in the creation of long-term shareholder value. Montanaro’s Better World Fund invests in companies whose provide products or services are helping to solve some of the world’s major problems in support of the United Nations Sustainable Development Goals.

Overall B Impact Score

Based on the B Impact assessment, Montanaro Asset Management earned an overall score of 81.8. The median score for ordinary businesses who complete the assessment is currently 50.9.
81.8 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 10.2

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 & Engagement1.7
Corporate Accountability1.7
+ 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 29.0

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 & Wages9.5
Training & Education1.2
Worker Ownership1.6
Management & Worker Communication3.2
Job Flexibility/Corporate Culture1.6

Community 15.2

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 Creation1.0
Diversity & Inclusion1.2
Civic Engagement & Giving5.4
Local Involvement3.0
Suppliers, Distributors & Product3.5

Environment 5.3

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, Plant4.3

Customers 22.0

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.

+ Mission Lock0.6
+ Past Performance0.7
+ Current Fund3.6
+ Positive Impact6.3
+ Portfolio Reporting2.7
+ Capacity Building2.4
+ Fund Governance4.5

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.

Previous Overall B Impact Scores

2019 Overall B Impact Score81.8

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