Lombard Odier recertifies as B Corp™ with improved score

Bank Lombard Odier & Co Ltd, the Geneva-based international wealth and asset manager, is pleased to announce that its B Corp status has been reaffirmed by B Lab, the non-profit responsible for certifying B Corps. The recertification process saw Lombard Odier improve its overall score from 98 to 111.

Lombard Odier was the first global wealth and asset manager to achieve B Corp Certification in March 2019, with an impact score of 98 points. Since its initial certification, Lombard Odier has integrated the results of its “B Impact Assessment” into the business’ sustainability strategy and taken measures to achieve tangible results across the five B Corp impact areas: Governance; Workers; Community; Environment and Customers.

B Corp Certification demonstrates that a business is meeting high standards of verified performance, accountability and transparency. Becoming a B Corp involves a rigorous assessment of a company’s environmental and social performance, as well as its governance. Companies must achieve a minimum score of 80 points and meet B Lab’s risk and disclosure standards. The certification measures how companies manage their people, environmental footprint, products, suppliers and the communities with whom they interact.

Ebba Lepage, Group Head of Corporate Sustainability at Lombard Odier commented: “Becoming a B Corp is testament to the strong emphasis Lombard Odier places on sustainability, which has been at the heart of our investment approach and corporate strategy for over 220 years. We are delighted to have been recertified, evidencing our continued commitment to meeting high standards of social and environmental impact, as well as ensuring that we continue to evolve and improve for the benefit of our company, clients and future generations.”