Post by Baron von Lotsov on Jul 27, 2023 12:56:10 GMT
COUTTS IS A CERTIFIED B CORP
It’s a business that works towards meeting standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. In order to become a B Corp, a business receives an external accreditation by achieving a minimum verified score on the B Impact Assessment—a rigorous assessment of a company’s impact on its governance, workers, customers, community, and environment.
I just heard the word a few seconds ago and found the above, so confess I'm 100% ignorant, bar being told two things about it. The first is that Coutts is very proud of being certified as one, and the second is that the B CORP is American. My general knowledge also knows Coutts is owned by Nat West and Nat West is 40% owned by us. Yes indeed, did you know you actually own part of this as it is 40% a state firm, so you can vote on the board.
Now having read the quote, it looks to me like they are not telling us anything about what it is except they use the word environment and I notice the environment is also the E in ESG. Oh and someone said £800m was wiped off the share price too. It really does seem like one of those bad hair days. The burning question really is, do you think the B CORP had something to do with it?
