Consumer & Commercial Payments
August 30, 2024
Griffin, the UK’s leading fintech bank, is thrilled to announce that it is now a certified B Corp—a global community of companies committed to high standards of social and environmental performance, transparency, and accountability. This milestone reinforces Griffin’s dedication to embedding sustainable and ethical business practices into its operations at all levels.
B Corp certification is granted after a rigorous verification process by B Lab, a global non-profit organisation on a mission to transform for-profit businesses into a force for good and build a resilient, equitable, and regenerative future economy. Companies are assessed across five areas of governance: workers, customers, environment, and community.
With a score of 91.5, Griffin surpassed the 80-point threshold required for B Corp certification, performing above the benchmark for the financial services sector and UK companies of a similar size. The certification process was completed less than five months after submission, largely thanks to the early focus on sustainability and significant foundational work that Griffin has been carrying out since its inception.
David Jarvis, co-founder and CEO of Griffin, said, “We’ve aspired to join the B Corp community since 2019, so this is the realisation of a long-held dream. We’re thrilled to officially join a global community of like-minded businesses in working to be a force for good and leading in positively impacting and transforming the global economy.”
He added: “With the FCA’s new anti-greenwashing rule now in effect, certifications like B Corp provide a solid benchmark for good practice to keep us in check and ensure we are living up to our claims.”
“By committing to the high standards of verified performance, accountability and transparency of the B Corp certification, the team at Griffin continues to show dedication to helping their customers and everyone impacted by their business,” said Jesse Saarela, Principal at NordicNinja, one of Griffin’s investors. NordicNinja’s Managing Partner Marek Kiisa added: “As an EU Article 8 fund, we have a strong focus on sustainability, and we’re excited to continue to partner with the Griffin team as they reinforce their emphasis on sustainability in their business.”
Looking ahead, Griffin is now focused on iteratively implementing its 2024 sustainability strategy to achieve its ESG goals and commitments for the year. In the spirit of transparency and accountability, Griffin recently made its internal sustainability policy publicly available so key stakeholders can understand the bank’s approach in detail.
Griffin has also sought out industry collaborations that align with its ethical, environmental and social impact values, including joining the Partnership for Carbon Accounting Financials (PCAF) to get support on reporting on its portfolio emissions and becoming a committee member of the Payments Association ESG working group.
About Griffin
Griffin (Griffin Bank Ltd) is an API-first UK bank and full-stack banking service platform. It was founded by Silicon Valley engineers David Jarvis and Allen Rohner, who co-founded tech unicorn CircleCI. Griffin is led by a team of banking and technology executives from Form3, Swift, Barclays, Virgin Money, Lloyds, and more. Griffin is backed by leading investors Breega, EQT Ventures, MassMutual Ventures, NordicNinja, Notion Capital, and Seedcamp. Griffin is regulated by the PRA and the FCA. Griffin’s Firm Reference Number (FRN) is 970920.
Learn more: www.griffin.com | Inquiries: [email protected]
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