Viridian Financial Group

Certified B Corporation
Headquarters

Victoria, Australia

Certified Since

March 2022

Industry

Investment advising

Sector

Service with Minor Environmental Footprint

Operates In

Australia,

Nepal

Founded in 2015, Viridian Financial Group's purpose is to help people lead the life they choose. 100% owned by its staff and clients, Viridian employs over 350 people across Australia and services over 8000 clients. Guided by 6 core principles known internally as the 6 C's - Culture, Commerciality, Community, Communication, Change and Controls, Viridian recognises the importance of linking the success of our clients, with our people and our community. These words are put into action through the Viridian Community program in which our people give back and make a difference in the five social causes nominated by our people, and the Viridian Foundation in which we can make a lasting financial impact through charitable giving.

Overall B Impact Score

Based on the B Impact assessment, Viridian Financial Group earned an overall score of 99.4. The median score for ordinary businesses who complete the assessment is currently 50.9.
99.4
99.4 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 10.0

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 & Engagement1.3
Ethics & Transparency6.2
+ 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 49.1

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 Security7.9
Health, Wellness, & Safety5.6
Career Development4.8
Engagement & Satisfaction5.2
+ Worker Owned21.3

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.


Community 14.9

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, & Inclusion4.0
Economic Impact6.6
Civic Engagement & Giving3.5
Supply Chain Management0.6

Environment 2.4

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 Management0.5
Air & Climate0.6
Water0.2
Land & Life1.0

Customers 22.2

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 Stewardship2.2
+ Portfolio Reporting1
+ Targeted for Investment7.5
+ Leadership & Outreach1.2
+ Investment Criteria7.1
+ Portfolio Management1.2

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 Score99.4

Additional Documentation

Viridian Advisory Transparent Assessment 2022


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