Lendology has recently been recognised as a B Corp by B Lab, but what is does it mean to have a B Corp Certification?
A B Corp Certification is a designation that a business is meeting high standards of verified performance, accountability, and transparency on factors from employee benefits and charitable giving to supply chain practices and input materials. Lendology has recently been recognised for meeting this criteria, having met rigorous social and environmental standards.
Certified B Corporations are leaders in the global movement for an inclusive, equitable, and regenerative economy, all of which are endorsed as Lendology’s core values.
Emma Lower, CEO at Lendology said, “We applied to become a B Corp because we wanted to demonstrate that we provide high standards of both social, environmental performance, transparency and accountability. As well as being a social enterprise and a community interest company, being a B Corp will offer us increased employee retention, engagement and diversity. It also means we’re connected to other B Corps in terms of our suppliers.”
At Lendology, we hold accountability and continuous improvement as core values, and as B Corps are required to undergo the verification process every three years in order to re-certify, B Corps are by definition focused on continuous improvement, leading to their long-term resiliency.
