This August, one of Canada’s foremost financial institutions for entrepreneurs took a leap of equal parts faith and strategic vision. And it speaks volumes about the evolution of socially responsible businesses in this country.
With a singular mission of supporting the operators of small and medium-sized businesses, Business Development Bank of Canada runs 110 business centres across the country, providing financing and advisory services to more than 42,000 companies. A few years ago, BDC achieved B Corp certification, a unique step for a financial institution, and began to immerse itself in the growing community of businesses that meet rigorous standards for social and environmental responsibility.
Now, BDC is formally partnering with B Lab Canada — the non-profit that certifies B Corp — to help grow the landscape in Canada. “It’s a natural evolution that flowed from our purpose,” Craig Ryan, director of CSR at BDC, said.
People make the erroneous assumption this …