First local company to meet B Corp standards of environmental and social responsibility
Submitted by: Griswold & Griswold Insurance Agency, Inc.
Posted: May 14, 2013 – 05:12 PM EST
TORRANCE, Calif., May 14 /CSRwire/ - Insurance brokerage Griswold & Griswold, founded in 1948, announced today it has become Torrance’s first Certified B Corporation. Certified B Corporations must meet rigorous standards of social and environmental performance, accountability and transparency. The nonprofit B Lab evaluates and certifies applicants based on company governance, worker and other stakeholder interest, community engagement and impact, environmental resource and energy consumption, and other concrete, market-based benchmarks.
“Becoming a B Corp is a logical extension of our company’s ethical values and a natural next step given our history of industry leadership and innovation,” said Steven Griswold, vice president of Griswold & Griswold. “It also demonstrates that our profits do not come at the expense of people, planet, or progress.”
As Torrance’s first B Corp, and B Lab’s third insurance brokerage to qualify, Griswold & Griswold is setting a standard for ethical business practices both locally and globally. Worldwide, there are more than 700 Certified B Corporations, representing more than 60 industries and more than 20 countries.
For decades, the Griswold family’s guiding principles of social and professional responsibility have made them role models in the South Bay community and in their industry. From charitable contributions to hands-on volunteerism, the company believes in making the largest possible community impact while leaving the smallest possible environmental footprint.
Since a significant number of Griswold & Griswold clients are nonprofit corporations, the company's policy is to give back to these organizations in the form of sponsorship, event participation, or donations. Its company principals also serve on a number of boards and associations for organizations dedicated to children’s health, literacy and education, conservation, and animal protection.
In addition to a Certified B Corporation, the company is also certified as a Green Business by Green America.
About Griswold & Griswold Insurance
Insurance brokerage Griswold & Griswold, founded in 1948, specializes in business and professional services insurance including medical/dental practices, veterinary practices, banking and financial companies, nonprofits, associations, and entertainment production studios. Griswold & Griswold provides industry-specific policies such as professional liability, commercial property and auto, as well as worker’s compensation and employee group benefits. A family-owned company, its commitment to community service, client satisfaction, independence and integrity has made Griswold & Griswold a trusted name for more than 60 years and the recipient of multiple awards from civic and professional organizations. For more information see http://www.griswoldinsurance.com.
About B Lab
B Lab is a nonprofit organization dedicated to using the power of business to solve social and environmental problems. B Lab drives systemic change through three interrelated initiatives: 1)building a community of Certified B Corporations to make it easier for all of us to tell the difference between “good companies” and just good marketing; 2) accelerating the growth of the impact investing asset class through use of B Lab’s GIIRS impact rating system by institutional investors; and 3)promoting supportive public policies, including creation of a new corporate form and tax, procurement, and investment incentives for sustainable business. For more information see http://www.bcorporation.net.