September 2019—Portsmouth, NH – Piscataqua Savings Bank, located at 15 Pleasant Street, received the Best For The World 2019 Honoree in the “Workers” category from the B Corporations’ annual Impact Assessment. The award recognizes that the bank places in the top 10 percent of all B Corporations worldwide in this category.
Certified B Corporations are leaders of a global movement using business as a force for good. They meet the highest standards of overall social and environmental performance, transparency and accountability and aspire to use the power of business to solve social and environmental problems. The qualifications for becoming a B Corporation are rigorous and comparable to a Fair-Trade certification but for whole business.
There were approximately 1,000 B Corporations from 44 countries that received the award this year, including well-known brands such as Patagonia, Dr. Bronner’s, and TOMS. All Best for the World 2019 honorees were grouped in Community, Environment, Customers, Workers, Governance or Changemakers impact categories.
The Workers section of the B Impact Assessment reviews a company’s relationship with its workforce. It measures how the company treats its workers through compensation, benefits, training and ownership opportunities. It also focuses on the overall work environment within the company, and evaluates management/worker communication, job flexibility, corporate culture and worker and safety practices.
There are more than 3,000 Certified B Corporations in over 150 industries worldwide in 64 countries. Only 90 corporations in the U.S. were recognized, and Piscataqua Savings Bank was one of 212 “Worker” Award Recipients worldwide.
“Piscataqua Savings Bank has been a special place to work, but this incredible honor validates what we’ve felt all along,” said Rick Wallis, President & CEO of Piscataqua Savings Bank.
Piscataqua Savings Bank is the tenth business and the second bank to become a certified B Corporation in the state of New Hampshire .
Piscataqua Savings Bank is among the highest capitalized banks in the state. The only mutual bank based in Portsmouth today, Piscataqua Savings Bank is dedicated to serving local individuals and families and has been a cornerstone of the Portsmouth community since 1877. More information is available at www.piscataqua.com.