The Expert Panel’s report includes fifteen recommendations to support the growth and development of sustainable finance in Canada. Sustainable finance refers to capital flows, risk management activities, and financial processes that incorporate environmental and social factors as a means of promoting sustainable economic growth and the long-term stability of the financial system.1
The report has been welcomed by the Responsible Investment Association, a network of financial professionals and investment organizations representing more than C$12 trillion in assets under management.
I discovered this certification this morning when I noticed a presention planned on Ottawa Business Journal, I noticed the BDC logo and it tweeked my interest. I learned that it dovetails nicely with our ESG / SRI philosophy and decided it was worth adding to this blog for sharing.
Locally we have a few business associations that represent our local business communities. Chamber of Commerce and various networking groups. Some like my friend David Annable have taken the certifcation approach to give consumers some additional assurance that the companies they are considering using that they with meet some good standards, have proper licenses, insurance, etc.
I think there is a place for all.
I have been a member of RIA Responsible Investment Association for a few years now and it gives me insight of what is happening in the Enviromental Social and Goverence "ESG " world of thought and action. https://www.riacanada.ca/timothy-ross/
Well there is some evaluation compenents to become B certified, will be checking it out and perhaps we will seek this designation for our business in the future.
THE B CORP 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 dependent upon another and thus responsible for each other and future generations.
I think we could aspire to this declaration. When I started over 30 years ago I made a somewhat similar declaration idea, it is still hanging on the wall, let's see if I can get a picture of it added into this posting.
I certainly like the idea for business's that want to make a difference, like Natures Energy Water, one of the slogans we developed from the trailer business was "Be The Adventure", I liked that the B Corporations have in their slogans "B The Change" … what is important is that you "Be" not just talk about it , there is a promise that you will and are doing , so I encourage us all to embrace necessary change, engage the adventures that are in your life, be the adventure, be the change , let's hear your story !
Let's make a difference
One Step At A Time!
Brock Shores Financial
Chaga update, he is growing into a nice young cat. Lean and adventurous. Every morning he has a little milk with my cereal and today he must have wanted to go to work as he found a cozy spot amongst the papers in my briefcase. Chaga stands for healing properties that grow on the birch trees , a little inspiration Read more…