Breckinridge Recognized as a 2019 “Best for the World” B Corp
Breckinridge honored by nonprofit organization B Lab as a top-scoring Certified B Corporation aiming to better society
BOSTON – September 13, 2019 – Breckinridge Capital Advisors, a Boston-based investment advisor and Certified B Corporation, announced today that it is a 2019 “Best for the World” honoree in the Customer, Governance and Changemaker categories. This means Breckinridge scored in the top 10 percent (20 percent for Changemakers) in these categories on the B Lab’s B Impact Assessment, an in-depth evaluation of a company’s impact on all its stakeholders.
The “Best for Customers” list recognizes companies that work to improve the lives of their customers through the use of their product or service. The impact is measured by any potential public benefit promoted by a firm’s products or services, any potential benefit to a social or environmental issue, and by any potential targeting of those products or services toward underserved populations.
The “Best for Governance” list recognizes companies that create innovative governance structures to protect the mission of their business for the long term. The Governance section of the B Impact Assessment evaluates a company’s overall mission, ethics, accountability and transparency. It measures whether the company has adopted a social or environmental mission, and how it engages its employees, board members and the community to achieve that mission.
The “Changemakers” list recognizes companies with the most verified improvements on questions across all impact areas in the B Impact Assessment over time. Corps that earn the designation, of “Changemaker” set a gold standard for managing and improving their business’ social and environmental impact over time.
“Being a B Corp and a Benefit Corporation has further cemented our commitment to sustainability by formally adhering us to rigorous social and environmental standards,” said Tim Coffin, Director of Sustainability. “We are intentional in embedding sustainability into our business and investment approaches.”
Breckinridge became a certified B Corp in 2013 and reports each year through the B Impact Assessment. This gives the company a structured way to measure its sustainability practices and continue to improve on their efforts.
B Corps meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. B Corp Certification doesn’t just evaluate a product or service, it assesses the overall positive impact of the company that stands behind it. Using the B Impact Assessment, B Lab evaluates how a company’s operations and business model impact its workers, community, environment, and customers. To achieve the B Corp Certification, a company must achieve a score of at least 80 points on the assessment.
The Best for the World lists were determined by scores reported as of January 31, 2019. More information on the methodology is available here. The full list of honorees for all categories is available here.
About Breckinridge Capital Advisors:
Breckinridge Capital Advisors is a Boston-based, independently owned investment advisor specializing in investment grade fixed income portfolio management. Working through a network of investment consultants and advisors, we serve a wide variety of clients ranging from high net worth individuals to large institutions. Reflecting our commitment to ESG and sustainability, Breckinridge is a Massachusetts Benefit Corporation and a certified B Corp. We believe these designations help us in our goals to create positive, long-term impact for our clients, employees and the communities in which we live, work and invest.
Media Contact: Kristin Wetherbee, Senior Marketing Associate, 617-443-1120
The opinions and views expressed herein are those of Breckinridge Capital Advisors, Inc. They are current as of the date indicated and are subject to change without notice. Nothing in this press release should be relied upon or construed as financial, tax or legal advice. All investments involve risk, including loss of principal. Investors should consult with their financial professionals prior to making any investment decisions. Some information has been taken directly from unaffiliated third-party sources. Breckinridge believes such information is reliable but does not guarantee its accuracy or completeness.