October 30, 2020
(St. Paul, Minn. | Oct. 30, 2020) – Sunrise Banks has been recertified as a B Corporation, a designation reserved for companies that strive to meet the highest standards of social and environmental sustainability while also successfully balancing profit and purpose.
Sunrise Banks has been a certified B Corporation since 2009. The bank’s recertification will be valid until October of 2023.
B Corporations are certified by B Lab, which also gives companies a score when they are certified and re-certified. Scores are based on a company’s actions towards their community, workers, environment, customers and corporate governance.
Sunrise Banks scored a 144.2 during its recertification process; this is two points higher than the bank’s 2019 score and considerably higher than the average B Corp. score of 90.9. In 2019, the bank was voted as “Best for the World” by B Lab for the seventh consecutive year. B Lab did not recognize “Best for the World’ honorees this year given the COVID-19 pandemic.
“Sunrise Banks has operated with a simple premise since its start: The only way the bank will succeed is if the communities that it serves also succeed,” said Sunrise Banks CEO David Reiling. “Our B Corporation recertification continues our push to better serve all of our stakeholders through a responsible business model that emphasizes sustainable corporate, social and environmental initiatives.”
Sunrise Banks strives to be the most innovative bank empowering financial wellness, and works to provide accessible and affordable financial services to residents in the Twin Cities and across the country.
Learn more about the bank’s impact here.
About Sunrise Banks: Sunrise Banks, N.A., based in St. Paul, Minnesota, strives to be the most innovative bank empowering financial wellness. Sunrise is certified by the U.S. Treasury as a Community Development Financial Institution (CDFI), a designation earned by approximately 100 banks nationwide. Sunrise Banks is also a member of the Global Alliance for Banking on Values, a public benefit corporation and a certified B Corp for its demonstrated commitment to transparent corporate governance and positive community impact. Learn more at SunriseBanks.com, on Twitter @SunriseBanks, or on Facebook. Member FDIC.