L&C Mortgages has joined the ranks of certified B Corporations following its first assessment by global non-profit B Lab.
The B Corp designation is awarded to businesses that meet stringent standards in social and environmental performance, transparency, and legal accountability. L&C achieved a B Impact score of 87.4, comfortably surpassing the minimum threshold of 80. B Lab reports that the average score among most businesses undergoing the assessment is typically 50.9.
The certification places L&C among more than 2,500 companies in the UK that have committed to using business as a force for good, in line with B Lab’s global framework. The evaluation covers five core areas: governance, workers, community, environment, and customers.
Mark Harrington, chief executive officer at L&C, described the achievement as a proud moment for the firm and a validation of its values.
“Becoming a certified B Corp is a proud moment for L&C, underlining that we are a business that puts people, planet and purpose first,” he said. “Achieving certification is certainly a major milestone but only represents the beginning of our commitment to ongoing improvement.
“I’m excited for the impact we can continue to make, as we strive to build a fairer, more inclusive and sustainable future for our colleagues, customers and communities.”
Certification must be renewed every three years, with companies required to demonstrate measurable improvements and a continuing commitment to high standards.
