DoubleDividend first Dutch investment company B Corp
Submitted by: DoubleDividend
Posted: May 19, 2014 – 12:05 AM EST
AMSTERDAM, May 19 /CSRwire/ - DoubleDividend is proud to announce that it has become the first Dutch Investment Company that is now a Certified B Corporation. Leading a global movement to redefine success in business, Certified B Corporations are a new kind of company with a positive vision of a better way to do business. As a Certified B Corporation, DoubleDividend voluntarily meets a higher standard of transparency, accountability, and performance, harnessing the power of business to solve social and economical problems.
Becoming a Certified B Corporation solidifies the company’s mission to bridge financial and social return with investments. “We’re tremendously excited to be part of the B Corp movement,” said Floris Lambrechtsen, founder and partner. “At DoubleDividend, a responsible investment is not only about selecting high quality companies with a good risk-return potential. It is about investing in companies that actively contribute to societal challenges such as reduction of climate change, protection of ecosystems, affordable healthcare and reduction of poverty. B Corp companies share this ambition with us.”
Founded in 2007, DoubleDividend is now a specialised responsible investment manager of Investment Trusts with a WFT (Wet op het financieel toezicht)-license. Its mission is to bridge financial and social return. DoubleDividend is convinced that recognising the social return improves the risk-return profile of an investment portfolio. It operates as an independent partnership with all 5 partners having deep investment experience. Assets under management are USD 70 million.
About B Corp
Certified B Corporations 1) meet rigorous standards of social and environmental performance; 2) legally expand their corporate responsibilities to include consideration of stakeholder interests; and 3) build collective voice through the power of the unifying B Corporation brand. There are over 990 Certified B Corporations from over 60 industries, representing a diverse multi-billion marketplace.
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.