Other financial services
Service with Minor Environmental Footprint
Since its founding in 1986, SilverChef, Australia’s largest specialist hospitality-equipment financier, has been using business as a force for good. They were the pioneers of the Rent–Try–Buy finance solution, a 12-month rental agreement that allows customers to upgrade or buy their rental equipment at any time or, after 12 months, return it for no penalty. Nearly half of their customers are financially underserved — they don’t qualify for loans from traditional lenders like banks. SilverChef has financed more than AU$1 billion of hospitality equipment, helping more than 58,000 entrepreneurs realise their dream. In the 2010s the company expanded their operations into New Zealand and Canada. As well as backing entrepreneurs at home, SilverChef, through its partnership with Opportunity International, has helped lift 1.5 million people overseas out of poverty.
Overall B Impact Score
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.
Previous Overall B Impact Scores
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