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Hastings-based FAP first of its kind to become B Corp

Finzo is the first financial advice provider, which supplies support and services to other authorised bodies, to become a B Corp certified.

Thursday, December 8th 2022, 11:44AM 2 Comments

B Corp is a growing, nonprofit, international network which measures the success of applicants based on the positive impact they create. This is a globally-recognised nod to meeting high standards of social and environmental performance, as well as accountability and transparency.

“We have always believed that we are building something bigger than ourselves, Finzo chief executive Nick Stewart says. "We strive for higher standards. By addressing positive change for our community, the local environment and our team and their families we believe we can create a better place to work and live.

"The B Corp certification process is challenging, it takes some mahi, and makes you think, adapt and change for the better," he says.

As with its CEFEX certification, Finzo welcomed the scrutiny of an independent, third-party assessor like B Lab to prove they are making continual improvements to their business practices.

“We look forward to learning from the B Corp community and contributing to the growing pool of B Corp certified businesses in Aotearoa and abroad,” Stewart says.

Finzo is B Corp certified under its holding company, Te Rehe Group. The company scored 105.4 on its B Impact Assessment, compared to the median New Zealand B Corp score hovering around 81.9, with 80 being the minimum points needed to pass.

“Becoming a B Corp has provided us an opportunity to prove our commitment to governance, community, environment, and people,” Stewart says.

Tags: FAP

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Comments from our readers

On 9 December 2022 at 7:09 am Carey Church said:
Congratulations- what a great score and a great effort. Welcome to the B-Corp community, look forward to working alongside you in doing business for good.
On 15 December 2022 at 9:28 pm Murray Weatherston said:
When evryone is B Corp, will they invent Q Corp?
Does anyone remember ISO 9000?

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 5.94 - - -
AIA - Go Home Loans 8.49 ▼6.19 ▼5.69 ▼5.69
ANZ ▼7.89 6.79 6.29 6.29
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 6.19 5.69 5.69
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ASB Better Homes Top Up - - - 1.00
Avanti Finance 8.90 - - -
Basecorp Finance 9.60 - - -
BNZ - Classic - 6.19 5.79 5.79
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One ▼7.94 - - -
BNZ - Rapid Repay ▼7.94 - - -
BNZ - Std ▼7.94 6.45 5.89 5.79
BNZ - TotalMoney ▼7.94 - - -
CFML 321 Loans 6.70 - - -
CFML Home Loans 6.95 - - -
CFML Prime Loans 8.75 - - -
CFML Standard Loans 9.70 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 5.99 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ ▼7.65 6.19 5.75 5.69
Co-operative Bank - Standard ▼7.65 6.69 6.25 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - 6.60 6.10 -
First Credit Union Standard 8.50 7.20 6.70 -
Heartland Bank - Online 7.99 6.69 6.35 6.15
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.00 6.50 -
ICBC 7.49 6.15 5.69 5.69
Kainga Ora 8.39 7.05 6.59 6.49
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 8.25 7.19 6.69 6.59
Kiwibank - Offset 8.25 - - -
Kiwibank Special - 6.29 5.79 5.79
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SBS Bank 8.49 6.95 6.29 6.29
SBS Bank Special - 6.35 5.69 5.69
SBS Construction lending for FHB - - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 5.94 5.45 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
TSB Bank 9.19 ▼6.79 ▼6.49 ▼6.49
TSB Special 8.39 ▼5.99 ▼5.69 ▼5.69
Unity 8.64 6.29 5.79 -
Unity First Home Buyer special - 6.20 - -
Wairarapa Building Society 8.50 6.50 5.89 -
Westpac 8.39 6.89 6.39 6.39
Westpac Choices Everyday 8.49 - - -
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Westpac Special - 6.29 5.79 5.79
Median 8.39 6.47 6.10 5.79

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