10x Banking’s commitment to its people, community and planet has earned the firm B Corp Certification, in recognition of using business as a ‘force for good.’

10x Banking, the cloud-native core banking platform, has become one of the first financial services companies to achieve B Corp status and the first core banking platform to achieve the certification, showcasing its commitment as a leader in the global movement for an inclusive, equitable and regenerative economy.

As part of its ongoing mission to prioritize people, the planet, and the community, 10x has joined the ranks of over 6,000 Certified B Corporations worldwide. B Corp Certification looks beyond traditional business success by evaluating a company’s entire social and environmental impact, ensuring it meets high standards of performance, accountability, and transparency across various criteria.

‘Impact’ is one of 10x’s core values, alongside transformation and integrity, and Chief Impact Officer and Head of Inclusion, Amanda Jenkins, is responsible for driving this forward.

“10x Banking’s journey to becoming a Certified B Corporation is a testament to our unwavering commitment to making a positive change in the world. We believe that business should be a catalyst for positive transformation, and achieving B Corp certification reinforces our dedication to this vision.” – Amanda Jenkins Chief Impact Officer, 10x

Why B Corp Certification matters

B Corp Certification is a holistic recognition of a company’s commitment to creating value for all stakeholders, not just shareholders. To achieve this esteemed certification, companies must meet rigorous standards, demonstrating exceptional social and environmental performance, and making a legal commitment to stakeholder accountability.

Amanda Jenkins continues: “We chose B Corp Certification because it aligns closely with our core value of ‘Impact’. B Corps envision an economy that benefits everyone and strives for positive change. This harmonizes perfectly with our mission to create a better world through our work and be a force for good.”

10x Banking’s commitment to impact

10x’s ‘Impact’-led approach places a strong emphasis on transparency, ethical business operations, and positive change for individuals, businesses, communities, and the environment.

The company’s approach to ‘Impact’ is organized under three pillars that are at the heart of operations through governance: people, community, and planet. Through its initiatives, the company focuses on promoting diversity, fostering an inclusive workplace, supporting local communities, and addressing environmental challenges. The commitment also extends to measuring, reducing, and offsetting carbon emissions to mitigate its environmental footprint.

Continuing the ‘Impact’ journey

Achieving B Corporation status is just one milestone in 10x Banking’s journey towards creating a more sustainable and equitable world. The company remains dedicated to continuous improvement and plans to elevate its B Corp score with each review.

“We view B Corp certification as a steppingstone, not a destination,” added Amanda Jenkins. “Our commitment to impact drives us to constantly evolve, grow, and enhance our practices. As we move forward, we’re excited to see the positive transformations we can inspire as a Certified B Corporation.”