Wisdom Exchange Tv gathers and shares from people and organizations making conscious-contributions™ in our companies and communities. The views and opinions expressed do not necessarily reflect those of Wisdom Exchange Tv. Links to the original article are found below.

B the Change Weekly: November 8, 2019

Delivered on Fridays, B the Change Weekly delivers the most important and most relevant stories about people using business as a force for good. The newsletter features a weekly note from the B the Change team alongside insight and context on the stories we share here on Medium. Below is our latest roundup. To receive these insights directly in your inbox, sign up for B the Change Weekly today. Now on to the good stuff:

(Photo by Roman Synkevych on Unsplash)

Are you banking on the future or investing in the status quo?

With each deposit, we trust our banks with our money — and they decide where to share those dollars through loans, investments and other financial uses. By choosing to work with a bank that is building a better world through the organizations and causes it funds and supports, your deposits serve as an everyday vote for a more inclusive economy that serves us all.

Certified B Corporations in the banking industry invest in a brighter future by providing loans, savings accounts and other inclusive financial services that strengthen and support their partners, customers and communities. This week, we take a look at how your money-management decisions can create ripples of positive impact.

Putting Dollars to Work for a Better Future

B Corp Amalgamated Bank was founded nearly a century ago with a clear objective in mind: to bring banking access — once reserved for corporations and wealthy individuals — to hardworking men, women and their families. Since then, Amalgamated has continued to build social responsibility into its business model, amassing nearly $5 billion in assets and growing to serve customers and clients sharing its purpose-driven mission.

On B the Change learn how the B Corp bank works with other purpose-driven partners to multiply the benefits of its investments and invest in a better future.

Creating a Financial Foundation

With its headquarters in the South Bronx, B Corp Spring Bank focuses on serving underserved consumers and small businesses in the New York City area to help them break debt cycles and build wealth. About two years ago, Spring Bank began partnering with businesses for its Employee Opportunity Loan program, which provides workers with an alternative to payday loans and other high-interest financial options.

On B the Change, learn how the B Corp bank helps area business employees create a savings account, stabilize their finances and strengthen their financial future.

Banking on the B Corp Movement

The Business Development Bank of Canada (BDC) provides loans, investments and advisory services for Canada’s entrepreneurs. For BDC, supporting B Corps flows from this purpose and is a sure investment. Craig Ryan, BDC’s director of social entrepreneurship, says: “The B Corp certification assessment is comprehensive and bracing. … We see that B Corp companies are as profitable and resilient as traditional companies.”

Check B the Change for more on how BDC uses banking as a force for good to empower other companies to grow the B Corp movement.

Stay in the Know

Here’s your chance to catch up on all the good stuff we shared this week:

B the Change gathers and shares the voices from within the movement of people using business as a force for good and the community of Certified B Corporations. The opinions expressed do not necessarily reflect those of the nonprofit B Lab.


Put Your Money to Work for the Greater Good was originally published in B the Change on Medium, where people are continuing the conversation by highlighting and responding to this story.

Originally posted on B the Change - Medium by B the Change.


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