Surrey, BC – Coast Capital Savings has joined a top tier group of businesses as the B.C-based federal credit union was named a 2019 Best for the World honouree by non-profit B Lab.
Awarded to a select number of certified B Corp organizations, the Best in the World honour recognizes global businesses that earn top scores in a third party rating of their social and environmental performance.
Named in the category of Workers, Coast Capital’s win is based on an assessment of the company’s relationship with its workforce focusing on compensation, benefits and training. The category also scores organizations on its overall work environment within the company by assessing management/worker communication, job flexibility, corporate culture, and worker health and safety practices.
“A great organization starts with great people,” said Sarah Jasper, Chief People Officer, Coast Capital Savings. “At Coast Capital, our success is defined not only by our bottom line but also the contribution we make to our employees, our communities, and the world. The Best for the World recognition reflects the commitment and passion of the entire Coast Capital team, in every branch and in every community we serve.”
Certified as a B Corporation in 2018, Coast Capital is among a global community of 2,900 purpose-led companies, in 150 industries, in 65 countries. In Canada, approximately 230 companies carry the designation, harnessing the power of business to create positive impact for their employees, communities and the environment.
Coast Capital Savings has a staff of 1,800 employees who are dedicated to improving the financial well-being of members and their communities. Coast Capital also invests 10 per cent of its bottom line in local programs, partnerships and events focused on youth. In 2018, this resulted in Coast Capital investing $5.9 million in a wide range of community organizations and causes, with the goal of empowering young Canadians.
About Coast Capital Savings
Coast Capital Savings is Canada’s largest credit union by membership and B.C.’s first credit union to become a federal credit union. Owned by its 572,000 members, Coast Capital offers banking and investment services digitally and through its 52 branches in the Metro Vancouver, Fraser Valley, Okanagan, and Vancouver Island regions of British Columbia. An Imagine Canada Caring Company and a Certified B Corporation in recognition of its social performance, Coast Capital invests 10 per cent of its bottom line in youth-focused community organizations, programs, partnerships and events. The credit union has been recognized as one of Canada's Most Admired Corporate Cultures™, and holds a Best Managed Companies Platinum Club designation. Coast Capital has a history of introducing innovative products to help their members achieve financial wellbeing including Canada’s first free chequing account from a full-service financial institution and Help Extras®, enabling members to invest in their future. To learn more, visit coastcapitalsavings.com.
For more information about B Corporation designation, visit: https://bcorporation.net/
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