In 2019, Redwood Grove Wealth Management went through and passed the B Corp certification process. B Corp certification is awarded to companies that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. B Corps are accelerating a global culture shift to redefine success in business and build a more inclusive and sustainable economy. There are currently more than 3,000 Certified B Corporations in 71 countries.
Why did we become a Certified B Corp?
The simple reason we decided to go through the certification process to become a B Corp is because it aligns well with our corporate and personal value of Beyond Yourself. We believe in making the world a better place by serving as a steward of the environment and our community. The certification process has helped us reflect on our choices in areas ranging from vendor selection and evaluation, to energy and water use, work travel practices, charitable giving and employee policies. Certification also encourages continuous improvement through inclusion in a community of like-minded businesses and through the re-certification process every three years.
What do B Corps stand for?
All B Corps are required to adhere to the following Declaration of Interdependence:
We envision a global economy that uses business as a force for good.
This economy is comprised of a new type of corporation – the B Corporation – which is purpose-driven and creates benefit for all stakeholders, not just shareholders.
As B Corporations and leaders of this emerging economy, we believe:
- That we must be the change we seek in the world.
- That all business ought to be conducted as if people and place mattered.
- That, through their products, practices, and profits, businesses should aspire to do no harm and benefit all.
- To do so requires that we act with the understanding that we are each dependent upon another and thus responsible for each other and future generations.
We are excited to join this community of like-minded businesses, including inspiring firms such as Patagonia, Ben & Jerry’s and Stonyfield Farms that are striving to build a planet that is inclusive and sustainable for current and future generations.