Surrey, B.C. – Coast Capital Savings today announced that they have received certification as a B Corporation (B Corp), recognition that the credit union meets rigorous standards of social performance, transparency and accountability.
B Corp certification measures a company’s social and environmental performance in detail through the lens of five key impact areas: governance, workers, community, environment and customers. With the formal designation, Coast Capital Savings becomes B.C.’s first full-service financial institution to join a community of more than 2,500 Certified B Corps from 50 countries and over 130 industries working together toward one unifying goal: to redefine success in business.
"Our commitment to the members we serve, our employees and the communities where we live and work is embedded in our corporate DNA," explains Maureen Young, Director, Community Leadership, Coast Capital Savings. "We're on a mission to improve the financial well-being of our members while continuing to invest 7% of our pre-tax earnings back into our communities annually. In 2018, that is nearly 6 million dollars. We're proud to be a recognized B Corp and a true force for good in financial services, and will continue to hold ourselves accountable to socially responsible practices."
Coast Capital is now part of an inspiring community of Canadian companies who exist to create positive social impact through their business as B Corp-certified organizations including Hootsuite, Danone and Salt Spring Coffee.
About Coast Capital Savings
Coast Capital Savings is Canada’s largest credit union by membership. An Imagine Canada Caring Company, the credit union invested $5.6 million into local communities in 2017, focusing on empowering and engaging youth. Coast Capital is one of Canada's Most Admired Corporate Cultures™, and is a winner of the Canada's Best Managed Companies Platinum Club designation. It has 52 branches serving its 555,000 members in the Metro Vancouver, Fraser Valley, Vancouver Island and Okanagan regions of British Columbia. Product innovations include Canada's first free chequing account from a full-service financial institution. To learn more, visit coastcapitalsavings.com.