Sharesies

Certified B Corporation
Headquarters

Wellington Region, New Zealand

Certified Since

April 2019

Industry

Securities brokerage

Sector

Service with Minor Environmental Footprint

Operates In

Australia,

New Zealand

Sharesies' purpose is to financially empower the next generation by giving someone with $5 the same investment opportunities as someone with $5m. They’ve improved access to investing by having no minimum investment, removing jargon, and enabling people to build wealth over time. As at July 2021, Sharesies has attracted over 400,000 investors who, together, have invested over $1.5b. They believe, without Sharesies, that a large proportion of these funds would never have been invested. There are a wide range of funds on the platform, from bonds and cash through to the US500 and other international shares. They also offer a range of sustainable funds that consider environmental, sustainable and governance issues. They want to remove the taboo many people experience when talking about money. They want to see more people sharing their insights so that they can all become more financially empowered. They believe when knowledge is shared this will lead to more equitable opportunities.

Overall B Impact Score

Based on the B Impact assessment, Sharesies earned an overall score of 94.2. The median score for ordinary businesses who complete the assessment is currently 50.9.
94.2
94.2 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 19.7

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 & Engagement3.2
Ethics & Transparency6.5
+ 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 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.

Financial Security8.8
Health, Wellness, & Safety10.0
Career Development6.5
Engagement & Satisfaction7.4

Community 25.4

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, & Inclusion10.0
Economic Impact9.1
Civic Engagement & Giving3.5
Supply Chain Management0.3

Environment 10.2

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 Management3.8
Air & Climate3.7
Water0.0
Land & Life2.7

Customers 4.8

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 Stewardship2.4
+ Support for Underserved/Purpose Driven Enterprises1.5

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

2022 Overall B Impact Score94.2
2019 Overall B Impact Score80.3

Additional Documentation

Sharesies Disclosure Report 2022


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