Challenger bank Griffin certified as B Corporation following “rigorous verification process”

Griffin Becomes Certified B Corporation: Key Points

1. Certification Details:
   • Griffin, a UK digital challenger, is now a certified B Corporation.
   • Certification followed a rigorous verification process by non-profit accreditor B Lab.
2. Assessment Score:
   • Griffin achieved a B Impact Assessment score of 91.5 out of 200.
   • The score surpasses the 80-point threshold required for certification.
   • Certification was obtained in less than five months after initial submission.
3. Company Background:
   • Griffin was founded in 2017, with a focus on sustainability from the start.
   • Co-founded and led by CEO David Jarvis.
4. Recent Developments:
   • Secured a full UK banking licence from the FCA and PRA in March.
   • Raised $24 million in a funding round co-led by MassMutual Ventures, NordicNinja, and Breega.
5. Sustainability Strategy:
   • Griffin is implementing its 2024 sustainability strategy to achieve ESG goals.
   • Publicized its sustainability policy to stakeholders.
   • Sourcing industry collaborations that align with ethical, environmental, and social values.
6. Collaborations and Memberships:
   • Joined the Partnership for Carbon Accounting Financials (PCAF).
   • Participating in the Payments Association’s ESG working group.
7. CEO’s Comments:
   • David Jarvis expressed pride in joining the B Corp community.
   • Emphasized the commitment to being a force for good and transforming the global economy.