Fri, Nov 08 2024

10x Banking Uses B Corp Certification to Demonstrate Commitment to an Inclusive Economy

March 08, 2024
2 Min Reads

A B Corp Certification ensures that a firm satisfies rigorous standards of performance, accountability, and openness across multiple parameters, looking beyond traditional financial success and examining the organization's whole social and environmental effect. The cloud-native core banking platform 10x Banking is the most recent company to reach this milestone.

In keeping with its constant goal to put people, the environment, and the community first, 10x has become one of the world's more than 6,000 Certified B Corporations. Its dedication as a participant in the global movement for an inclusive, equitable, and green economy is further demonstrated by the certification.

Along with transformation and integrity, "impact" is one of 10x's fundamental values. Amanda Jenkins, chief impact officer and head of inclusiveness, is in charge of advancing this.
 

Jenkins says, "10x Banking's path to become a Certified B Corporation is evidence of our steadfast dedication to changing the world for the better. We think that constructive change should be sparked by business. Being certified as a B Corp affirms our commitment to this goal.

The significance of B Corp Certification
 

The B Corp Certification is an all-encompassing acknowledgement of an organization's dedication to generating value for all parties involved, not just shareholders. Companies have to meet strict requirements in order to receive this prestigious certification. They must also commit to stakeholder responsibility legally and exhibit outstanding social and environmental performance.

Jenkins goes on, "We choose B Corp Certification because it closely corresponds with our 'Impact' fundamental objective. B Corps aspires to good transformation and an economy that benefits everybody. This is in complete alignment with our purpose to be a force for good and improve the world via our activities.

The impact commitment of 10x Banking
 

Transparency, ethical business practices, and good impact for people, businesses, communities, and the environment are highly valued components of 10x's "Impact"-led approach.

People, community, and planet are the three pillars that form the foundation of the company's governance-based approach to "Impact." The company's objectives center on advancing diversity, cultivating an inclusive workplace, aiding local communities, and tackling environmental issues. Measurement, reduction, and offsetting of carbon emissions are also part of the commitment to lessen its environmental impact.

Maintaining the "Impact" path
 

Being recognized as a B Corporation is simply one step in 10x Banking's effort to build a more just and sustainable world. The business is committed to ongoing development and hopes to raise its B Corp rating with every evaluation.

Amanda Jenkins continued, "We see B Corp certification as a steppingstone, not a destination." Our dedication to making an impact motivates us to continuously improve, expand, and develop our procedures. We're looking forward to seeing the good changes that, as a Certified B Corporation, we can encourage as we go.
 

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