Griffin Becomes Certified B Corporation: Key Points
- 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.
- 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.
- Company Background:
- Griffin was founded in 2017, with a focus on sustainability from the start.
- Co-founded and led by CEO David Jarvis.
- 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.
- 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.
- Collaborations and Memberships:
- Joined the Partnership for Carbon Accounting Financials (PCAF).
- Participating in the Payments Association’s ESG working group.
- 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.
