Can Corporate Sustainability & Economic Growth Coexist?
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Submitted by: CAL Insurance & Associates
Posted: Jan 24, 2014 – 12:12 PM EST
SAN FRANCISCO, Jan. 24 /CSRwire/ - 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 December 2013, there are more than 900 Certified B Corporations from over 60 industries and 28 countries, representing a diverse multi-billion dollar marketplace.
Why We Became a B Corp
Like our motto, we look out for not only our clients but also our employees and community. We became a B Corp to help set the standard in what it means to do business – helping out your neighbor and keeping them in mind when you make your decisions. It is also a great honor to be part of the B Corp family with like-minded businesses.
The Change We Seek
Insurance has a real problem with its image in the community. CAL Insurance strives to be recognized as a good corporate citizen. That is why CAL created Small Business California (smallbusinesscalifornia.org) which provides information to California small businesses and advocates for small businesses in Sacramento. In fact, Small Business California was one of the major supporters of the legislation that created B Corps.
CAL Insurance is also an active participant with Volunteers in Medicine. This organization currently has 96 clinics in 29 states. It is a network of free clinics that serves the working uninsured .The program takes no government money and solely operates on the generosity of Foundations, Corporations, Small Business individuals and its Volunteers. One of the VIM clinics is Clinic by the Bay in San Francisco, which CAL co-founded.
Looking out for the community also includes the environment and employees. CAL strives to be a model employer by providing competitive salaries and generous bonuses based on profits of agency, time off, benefits and continued education. Through action they also instill sustainability into their employees by changing the way they dispose of waste, use energy-efficient practices, and buying supplies locally. Being a B Corporation will add to CAL’s ability to further make positive changes for our employees, customers and the entire community!
“As a long time super satisfied customer of Cal Insurance we know that not only do we get great pricing and unmatched service but our insurance dollars go that extra mile in supporting your community service work. We look for that in all of our vendor relationships and are proud to be with you in the B-Corp community.” – Michael Hannigan, President of Give Something Back
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).
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