PICKERING, ON, Oct. 25, 2013 /CNW/ - Newstart Canada Inc. is proud to
announce its certification as a B Corporation, making it the first
automotive microlending company to achieve B Corp status. Leading a
global movement to redefine success in business, Certified B Corporations are a new kind of company with a positive vision of a better way to do
business. As a Certified B Corporation, Newstart Canada voluntarily
meets a higher standard of transparency, accountability, and
performance, harnessing the power of business to solve social and
environmental problems. Newstart is the 83rd Certified B Corporation in
Canada, joining a global movement of more than 850 businesses across 60
different industries in 28 countries.
In order to be recognized as a Certified B Corporation, Newstart had to
meet rigorous standards of social and environmental performance and
must legally expand its corporate responsibilities to include
consideration of all stakeholder interests.
Becoming a Certified B Corporation solidifies the company's mission in
promoting a socially responsible lending company. "We're tremendously
excited to be part of a B Corp movement," said Dave Baker, President
and CEO. "At Newstart Canada, we care more about people. People always
come first. We think there is a better way to do business, and want to
be the stepping stone to better credit and help consumers get their
credit history back to where it should be."
About Newstart Canada
Newstart Canada Inc. was founded in 2006 and currently has offices in
Pickering, Ontario and Halifax, Nova Scotia. It is a social lender in
response to the needs of a growing segment of Canadians who require a
vehicle loan, but have been turned down by regular financial
institutions because of poor or damaged credit. Newstart Canada is an
auto-leasing and finance company committed to helping people establish
better credit. Newstart's unique peer to peer investment program helps
social investors receive attractive returns while having Newstart
provide the administration, customer service and risk mitigation.
About B Corp
B Corps are companies committed to using the power of business to solve
social and environmental problems. B Lab is the nonprofit organization
that serves this global movement to redefine success in business by
providing measurable accountabilities around community involvement,
environmental sustainability, and social impact. It's vision is that
one day all companies will compete not only to be the best in the world, but best for the world. Canadian operations are based out of the MaRS Centre for
Impact Investing in Toronto. For more information visit www.bcorporation.net or email Aaron Emery at email@example.com.
SOURCE: Newstart Canada
For further information:
Darlene Deruchie, CFO - Newstart Canada Inc.
Telephone: (905)837-9101 ext 254