SNW Asset Management has been recertified as a B Corporation, an achievement that was only possible through collaboration with our colleagues within OFI Global and with our partners at B Lab, the certifying body. As a Certified B Corp, SNW is part of a community of more than 2100 other B Corps in over 130 industries from at least 50 countries that share a common goal: to redefine success in business. Not to be confused with the Benefit Corporation designation, a legal status defined by individual state law, a B Corp is a for-profit company that meets rigorous standards of social and environmental performance, accountability and transparency as defined, administered and reviewed by the non-profit B Lab.
SNW has been a certified B Corp since June, 2014. This designation was and is a reflection of our commitment to our team members, our customers and our community to behave as a responsible corporate actor, working to improve our social and environmental impact. This is reflected not only in our SNW Impact Strategy, but in our approach to day-to-day operations and to the decisions made by the team's leadership. B Lab evaluates this commitment and approach across five axes: Environment, Workers, Customers, Community and Governance. As part of our recertification process, SNW was re-evaluated in each of these areas and met or exceeded the standards in all.
The recertification of SNW as a B Corp would not have been possible without close collaboration with and support from our parent company, OFI Global. This support is part of OFI's commitment to the SNW team and to ensuring that the company is a great place to work and strong corporate citizen—the same qualities that are embedded in the standards for qualifying as a Certified B Corp.