The ReFrame Financial Group Inc.

Certified B Corporation
Headquarters

British Columbia, Canada

Certified Since

July 2019

Industry

Health insurance

Sector

Service with Minor Environmental Footprint

Operates In

Canada

At The ReFrame Group, they live by a shared belief; that what they do matters and makes a difference. Their actions are directed by the intention of creating health, wealth and wellness for the people in their community as they strive towards the goal of making their lives better, easier and safer. The ReFrame Group removes obstacles that prevent people from realizing their full potential. Their solutions range from co-created employee group benefits and retirement plans to bespoke financial planning and commercial/personal insurance. They also host regular thought-leadership events and socials for BC's People & Culture ecosystem. The design thinking approach behind their service challenges the assumptions often made in, and about, the insurance industry. They’ve redesigned how to measure success, placing client relationships and service delivery at the pinnacle of their approach. Their purpose is to help people thrive today and protect tomorrow.

Overall B Impact Score

Based on the B Impact assessment, The ReFrame Financial Group Inc. earned an overall score of 91.0. The median score for ordinary businesses who complete the assessment is currently 50.9.
91
91 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 15.0

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 & Engagement2.1
Ethics & Transparency2.9
+ 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 35.4

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.

Financial Security9.1
Health, Wellness, & Safety7.4
Career Development5.3
Engagement & Satisfaction7.3

Community 28.6

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.

Diversity, Equity, & Inclusion4.4
Economic Impact10.7
Civic Engagement & Giving3.1
Supply Chain Management0.0
+ Local Economic Development7.8

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.


Environment 7.1

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.

Environmental Management2.8
Air & Climate1.5
Water0.0
Land & Life2.7

Customers 4.7

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.

Customer Stewardship3.0
+ Support for Underserved/Purpose Driven Enterprises1.7

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 Score91

Best for the World

Every year, B Lab recognizes the B Corps that have achieved the highest verified scores in the five impact areas evaluated on the B Impact Assessment.


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