Libro Credit Union is a Certified B Corporation®
Libro Credit Union is proud to be a Certified B Corporation®, joining leaders of a global movement of people using business as a force for good™. B Corporations (or B Corps) are important because they inspire all businesses to compete not only to be the best in the world, but also to be the Best for the World®. We’re excited to tell southwestern Ontario and the world that we care about how we do business!
B Corp certification helps us benchmark and further guides how we put our Be Libro statement to work. We are excited to be a part of a community of practice that focuses on increasing our collective impact, and that helps us demonstrate how we are ‘walking the purpose talk’.
What is a B Corp™?
Certified B Corporations® are companies that believe there is a better way to do business – one that is better for workers, communities and the environment.
There are over 3,500 B Corps operating in 150 industries in more than 74 countries around the world.
B Corps are for-profit companies certified by the nonprofit B Lab to meet the highest standards of social and environmental performance, accountability, and transparency. The B Impact Assessment measures a company’s impact on all of its stakeholders – including workers, suppliers, customers, community and the environment. Think of it this way, B Corp is to a whole business what Fair Trade is to a bag of coffee.
Why did Libro become a B Corp™?
At Libro Credit Union, we believe that this is a great way of doing business, and one that reinforces what we’ve always done. B Corp certification aligns with our business model and Prosperity Purpose, helps us be transparent and tell Libro’s story by measuring our impact on all of our stakeholders and allows Libro to help bring awareness to the global movement of businesses working to solve social and environmental challenges
At Libro, we have a purpose beyond profit. Helping our Owners achieve their goals, supporting businesses to create a thriving local economy, and contributing to strong and prosperous communities, we use all of our resources to grow prosperity in southwestern Ontario.
Our unique governance structure helps us make sure all our voices are heard. As a member-owned and purpose based cooperative, Libro is a democracy that values strong governance. Being purpose driven is an attitude we take in everything we do, and we have a plan to grow prosperity for our Owners, staff and communities.
Our expert advice and coaching helps Owners gain the financial skills to help them reach their goals, whatever they may be.
Employee focused initiatives, like becoming a Living Wage employer help employees achieve economic security while also benefiting our local economies.
By printing fewer items, travelling less, and purchasing more ‘green’ and local items, we are working to reduce our environmental footprint.