B Impact Report

Logo for First Wealth (London) Limited

First Wealth (London) Limited

Lifestyle Financial Planning, Wealth Management, Sustainable Investing
Certified Since: August, 2020
Location: LONDON, England, United Kingdom
Sector: Service with Minor Environmental Footprint

Overall B Impact Scoreinfo_outline

80.0

The B Impact Scores are being compared against all businesses that have completed the B Impact Assessment

firstwealth.co.uk

Our mission is to create a fun and joyous financial planning business for the benefit of our clients and our team. We will respect our community, care about our environment, embrace diversity and make a positive impact.

We exist to help people feel good about their finances, to reduce stress and remove anxiety. We tell people what they need to hear, not always what they want to hear. We believe that great financial planning can change lives.

We’re financial planners for people who enjoy life, care about their families and are curious about the world. We encourage people to use their money to lead happy and fulfilled lives.

We’re driven by purpose, not just profit. We want to make a lasting difference and reshape how great financial advice is experienced. We are committed to talking openly about money, sharing our knowledge and raising awareness; helping people to make good financial decisions and avoid costly mistakes.

We’re not frightened of robots and we embrace technology. We love people, we ask questions and we take the time to listen. Building lasting relationships is paramount to our success.

Radical transparency matters to us. You’ll always know exactly what we’re doing, the thinking behind it and any fees that effect you. We embrace evidence and academic rigour.

Impact Area Scoresinfo_outline

info_outlineOverall B Impact Score

To certify as a B Corp, a company must achieve a minimum verified score of 80 points on the B Impact Assessment. The B Impact Assessment asks questions about how the day-to-day operations of a company create positive impact for the company’s workers, community, and environment. Additionally, companies can earn further points if their overall business model can be shown to create positive social and environmental impact as well, qualifying the company for specific Impact Business Model points.

Scores for Certified B Corporations are verified by the non-profit B Lab.

info_outlineImpact Area Scores

The questions in the B Impact Assessment are organized into five Impact Areas: Governance, Workers, Community, Environment, and Customers. Click into a Impact Area to see topics covered in each. Topics in blue are Impact Business Models associated with that Impact Area where the company has earned additional credit. Due to rounding, displayed totals may not add up exactly.

The B Impact Assessment is customized to a company's size, sector, and geographic market.  However, within those parameters, there are still questions included in the B Impact Assessment that might not be relevant to a particular company. In cases where a question is not applicable, the potential points available for that question are instead earned based on the performance of the company on the other topics relevant to the stakeholder and summed up as "N/A points." Likewise, a score of N/A for Workers means that the company is a sole proprietor or partnership with no full-time staff, and a score of 0 or N/A for Customers means that the company does not have a specific Customer-focused Impact Business Model.

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info_outlineBest for the World Honoree

Each year, B Lab releases lists honoring the top-performing Certified B Corps in each Impact Area and overall, broken down by size, on the annual Best for the World lists.

info_outlineAdditional Documentation

B Lab may determine that a company should make additional material beyond their B Impact Report transparent in order for the public to be able to evaluate the company’s overall impact. This additional transparency may cover participation in a controversial industry, information shared on the company’s Disclosure Questionnaire, or simply a company’s relationship to a larger complex entity. Public companies and wholly-owned subsidiaries are required to make their full B Impact Assessments transparent to achieve B Corp Certification.