Clean Energy Credit Union Becomes a Certified B Corporation
Clean Energy Credit Union has proudly announced its certification as a B Corporation, embracing a global movement that promotes an economy focused on inclusivity, equity, and sustainability. This certification, verified by B Lab, a nonprofit organization, highlights that Clean Energy CU adheres to rigorous standards of social and environmental stewardship, transparency, and accountability.
The Importance of B Corp Certification
This recognition is more than just a badge; it establishes Clean Energy CU as a leader in the clean energy movement. By incorporating this commitment into its core structure, the credit union ensures that its mission to promote sustainable energy will remain steadfast. The organization understands that financial institutions hold significant power in shaping a healthier environment and is dedicated to using that power responsibly.
A Mission-Driven Financial Institution
Founded in 2017, Clean Energy Credit Union has quickly made an impact, financing over 14,000 clean energy loans totaling more than $261 million within its brief history. These loans have been instrumental in offsetting an estimated 1.1 million tons of CO? emissions. This impact is comparable to the carbon offset achieved by over 1.4 million acres of U.S. forests in one year, demonstrating a real-world effect in combating climate change.
CEO’s Vision for the Future
“Becoming a Certified B Corporation is not just a milestone for us, it's a natural next step in our journey,” said Terri Mickelsen, the CEO of Clean Energy Credit Union. This sentiment reflects the organization's dedication to making a significant impact through financial services, embodying values of purpose and transparency. The certification serves to reassure members that their financial contributions support meaningful initiatives.
Joining a Global Movement of Change Makers
To achieve B Corp Certification, Clean Energy CU underwent a comprehensive evaluation that included an assessment of its governance, treatment of workers, community involvement, environmental impact, and customer relationships. This rigorous review ensures that the credit union not only meets but exceeds expectations in promoting responsible business practices.
As part of this movement, Clean Energy CU joins an impressive network of over 8,000 Certified B Corporations spanning 95 countries and more than 160 industries. This includes well-known brands like Patagonia, The Guardian, and Ben & Jerry's, all of which have demonstrated that it is possible to pursue profitability while maintaining a strong commitment to social and environmental values.
Looking Ahead
As Clean Energy Credit Union forges ahead, it aims to inspire other financial institutions to adopt values-driven approaches to business. The movement toward sustainability is gaining momentum, and Clean Energy CU is positioned at the forefront of this shift, advocating for cleaner energy solutions and responsible financial practices.
Contact Information
For more information or interview requests, please reach out to Nicole Burford, the VP of Market Development and Sustainability at Clean Energy Credit Union. You can contact her by phone at 720-479-7900.
Frequently Asked Questions
What is a Certified B Corporation?
A Certified B Corporation is a designation granted to companies that meet high standards of social and environmental performance, accountability, and transparency.
Why did Clean Energy Credit Union pursue B Corp Certification?
The certification aligns with Clean Energy CU's mission to promote a sustainable and equitable economy through responsible financial practices.
How much impact has Clean Energy CU made since its inception?
Since its founding, Clean Energy CU has financed over 14,000 loans, helping to offset an estimated 1.1 million tons of CO? emissions.
Who can become a Certified B Corporation?
Any for-profit organization, regardless of size or industry, can apply for B Corp certification if it meets the required standards.
What industries are represented in the community of Certified B Corps?
Certified B Corps represent various industries, including retail, manufacturing, and finance, indicating the wide applicability of socially responsible business practices.
