Celebrate! “Best For The World™” achievement is force for good
The B Corp movement is underway and growing, with a purpose to radically transform the global economy for the benefit of all people, communities and the planet as a whole. Each year, B Lab celebrates the top-performing B Corps using business as a force for good.
This year, ACU has been recognized as one of the companies leading the charge in two categories.
To be recognized as Best For The World™, companies must earn a score in the top 5% among more than 4000 certified companies on the B Impact Assessment.
Here’s how ACU performed, and the initiatives that got our credit union there:
Best For The World: Governance
As a purpose-driven company, ACU’s mission and vision shapes how the entire organization operates — from the board of directors through to every employee. ACU’s values are injected into the DNA of our partnerships, products, programs, long-term plans and day-to-day operations.
To be considered Best For the World in Governance, B Corp requires a top score in the overall integration of purpose into the mission, ethics, strategic objectives, accountability and transparency. “Their best practices are focused on how they engage employees, board members, and the community to achieve their mission, as well as employee access to financial information, customers’ opportunities to provide feedback, and the diversity of their governing bodies.”
“By building their vision and values into their company bylaws, these B Corps embody what it means to use business as a force for good.”
ACU joins 11 other 250+ employee-size companies from around the world (including the United States, Netherlands, Chile, Denmark and Italy) who have achieve the governance recognition.
Best For The World: Customers
ACU’s members are our customers, and they also collectively own our company. This means our credit union’s core purpose is focused on providing the advice and service member-owners of this financial co-operative need on a regular basis.
To be recognized in the Best For the World: Customers category, commitment to customers must take centre-stage as the purpose of the business, and go beyond a simple baseline of customer service and support.
According to B Corp, companies in this category are “setting the standard for serving their customers, offering products or services that support the greater good, often focusing on underserved populations. They add value to customers’ lives by providing critical services like education, healthcare, and finance management, and engaging in ethical marketing, data privacy and security, and feedback channels.”
For companies with 250+ employees in this category, ACU is one of nine organizations that operate in Canada, India, Kenya, the United Kingdom and the United States.
Force for good
With over 125,000 members, being part of the credit union means you are part of building a sustainable future for all members and the communities where we live and operate.
“Using business as a force for good is how we contribute toward the well-being and resilience of our members, employees, communities, and environment” explained Kevin Sitka, President & CEO of Assiniboine Credit Union. “These values meaningfully differentiate ACU in the market.”
For the entire credit union, the achievement of earning Best For The World status is an indication that all the efforts made to advance the organization have been working.
“This recognition is an incredible honour for ACU, and something we are extremely proud to receive,” adds Crystal Laborero, Chair of ACU’s Board of Directors. “The governance achievement reflects ACU’s success in fully integrating our credit union’s values into every aspect of our business. The customer achievement demonstrates our commitment to our members’ financial health and resilience.”
Initiatives that matter
According to B Lab, “ACU actively removes barriers to banking for its member-owners as part of its commitment to financial empowerment and resilience,” highlighting the credit union for success in these specific initiatives, programs and efforts:
- Branches in underserved communities and in a local high school
- Work with community partners to provide access to financial services for unbanked individuals
- A home-ownership program for Indigenous families
- Microloans for foreign-trained professionals to get their credentials recognized
- A faith-compliant mortgage in partnership with the Manitoba Islamic Association
- Financial literacy workshops
- Meaningful engagement in the journey of truth and reconciliation
- A Community Financial Centre that incorporates a specialized team providing advice and service to local non-profits, social enterprises, co-operatives, and small businesses in support of their mission.
B Lab adds that ACU is committed to “placing customers and the communities they live in at the heart of its business purpose is foundational to ACU’s business model. ACU recommends all organizations ask themselves how they can center customers and make products and services more available and equitable to broader customer and community groups.”
Learn more about ACU’s full B Corp assessment in the Impact Report, including each area that factors into overall scoring — governance, workers, community, environment and customers.
As just one of the Manitoba businesses with a B Corp certification, the province is well-positioned to grow our business presence in the B Corp movement, and work together to improve the prosperity of people and the planet.
Not an ACU member yet? Join over 125,000 Manitobans in the B Corp movement. Visit joinacu.ca to learn more
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