In a statement, UCA Funds Management announced it has received certification as a B Corporation from global non-profit organisation B Lab, which the fund manager said indicated it met “rigorous standards of social and environmental performance, accountability and transparency” in its operations.
“This global recognition will see UCA Funds Management join more than 2,500 companies across 130 industries in 50 countries who are using the power of business to solve social and environmental problems and create a positive impact on the world,” UCA Funds said.
Commenting on the certification, UCA Funds Management chief executive Matthew Browning said the fund manager was now part of “a community of leading change makers” working towards a positive change.
“We are one of a select few ethical financial and investment institutions in Australia to become a certified B Corporation,” he said.
“B Corporations are committed to upholding the highest standards of social and environmental performance, public transparency, legal accountability and harnessing the power of markets to address global problems. This certification aligns perfectly with our mission to serve both society and our investors as we contribute to community wellbeing.”
Mr Browning added that UCA Funds Management has also signed up to the Banking and Finance Oath as part of the business’ “vision for better investments and a better world”.
“With our entire team taking the oath, we are delighted to be standing together helping to create a sustainable and just future, speaking out against wrongdoing and being a leader in our industry as it strives to meet community needs and expectations.”