Altvia, the leading provider of flexible, web-based fund management software solutions for Alternative Asset Fund Managers, Institutional Investors, and Impact Investors, announced today that it has received B Corporation certification by B Lab, a nonprofit organization working to build a community of socially and environmentally conscious businesses. Unlike traditional corporations, Certified B Corporations are legally required to consider the impact of their decisions on their employees, suppliers, community, consumers, and the environment. Founded on the belief that companies’ actions should take into account its employees and its community in addition to its bottom line, Altvia sought to retain its B Corp status to formally recognize its commitment to its community and the environment, and to join a growing group of organizations using the power of business to solve social and environmental problems.
Certified B Corporations meet higher standards of social and environmental performance, transparency and accountability. In just over three years, there are already more than 425 Certified B Corporations from over 50 industries, representing $2 billion in collective revenues and $6.5 billion in capital under management.
“The team at Altvia is very proud to have earned its recertification.” said Altvia CEO Kevin Kelly. He continues, “We have always believed that it is incumbent on all organizations to serve not just their clients, but also their employees and their communities. Achieving B Corp status is a way for us to officially demonstrate our commitment to the values that B Corp certification represents.”
About B Corp (www.bcorporation.net)
Certified B Corporations meet rigorous standards of social and environmental performance, legally expand their corporate responsibilities to include consideration of stakeholder interests, and build collective voice through the power of the unifying B Corporation brand. As of September 2013, there are more than 800 Certified B Corporations from over 60 industries and 28 countries, representing a diverse multi-billion dollar marketplace.
About B Lab
B Lab is a nonprofit organization that serves a global movement to redefine success in business so that all companies compete not only to be the best in the world, but the best for the world. B Lab drives this systemic change through a number of interrelated initiative: 1) building a community of Certified B Corporations to make it easier for all of us to tell the difference between “good companies” and good marketing; 2) passing legislation to accelerate growth of social entrepreneurship and impact investing (12 states have already passed benefit corporation legislation); 3) driving capital to high impact investments through the use of GIIRS Ratings and Analytics (more than 60 investors with over $3B in impact assets under management use GIIRS); and 4) providing free, powerful tools for businesses to measure, compare and improve their social and environmental performance (more than 7,000 businesses use B Lab’s free B Impact Assessment).