Magic Money: Financial Innovation and Impact Investing with WeTheChange

Since launching in 2018, Vista Global has been a dedicated member of WeTheChange, a community actively working towards an equitable and just economy for all. 

The WeTheChange declaration, crafted by women CEOs of Certified B Corporations and other purpose-driven enterprises, fosters collaboration and commitment to our shared values and principles. Signatories of this declaration personally, and on behalf of their companies, pledge to uphold these ideals, reflecting our core values and the B Corporation community’s commitment to the highest standards of social and environmental performance, transparency, and accountability.

WeTheChange hosts monthly member meetings, focusing on topics that align with our mission. Our Spring 2024 offering introduces the Impact Finance Center “Magic Money: Financial Innovation and Impact Investing” learning series. The Impact Finance Center is on a mission to channel $1 trillion into social ventures by leveraging the successful model pioneered in Colorado. It aims to transform interested individuals and organizations into impact investors, while also building community platforms like Impact Days and the Impact Investing Institute, to foster a vibrant ecosystem for financial innovation.

In the April 24th meeting, Dr. Stephanie Gripne will interview Colleen LaFontaine, who has extensive experience with The Women’s Foundation of Colorado, to discuss the practical use of impact investing tools for profit maximization. To finish the series on May 29th, Dr. Gripne will conduct a 90-minute session on reenvisioning your business’s financial strategies.

Become part of the innovative WeTheChange community as a Collaborator, Changemaker, or Catalyst by visiting WeTheChange Membership, where you’ll gain full access to our insightful monthly meetings.

If you’re not ready to commit to membership, you can still attend each meeting by registering for a one-time fee of $25. To register for the April 24 meeting click here. To register for the May 29 meeting click here.

Together, let’s forge a path towards a just and equitable economy, empowering women-led businesses and communities that drive  meaningful impact.

Happy B Corp Month!

It’s B Corp Month, a time to celebrate the companies that are using business as a force for good! Certified B Corporations are dedicated to creating positive social and environmental impact, and they are certified by the nonprofit organization B Lab based on their social and environmental performance, accountability, and transparency. 

Vista Global is proud to be part of the B Local Wisconsin community and is happy to be celebrating our 11th year as a certified B Corp. We recently completed our 4th recertification with our highest score yet

In order to become a B Corp, companies must meet the highest standards of social and environmental performance, and undergo a rigorous assessment. With every recertification the bar has risen for verification of practices in five different categories: governance, workers, community, the environment, and customers. 

One of the key ways that certified B Corporations can improve their social performance is by creating diverse and inclusive workplaces. In February, B Local Wisconsin was proud to partner with Cream City Conservation & Consulting, the first Black woman-owned certified B Corporation in Wisconsin, to offer JEDI (justice, equity, diversity, and inclusion) training. In the first workshop of this 2-part series, August M. Ball led an incredible discussion about racial equity and environmentalism. The second part of this series will take place on March 21, 2023 and will highlight recruitment and retention for the 21st century. Please join us by registering here. 

Whether you’re a business owner looking to connect with like-minded peers, or a consumer interested in supporting companies that prioritize social and environmental responsibility, B Local Wisconsin is a great resource. To learn more about how you can get involved in building a more sustainable and equitable Wisconsin, visit www.blocalwisconsin.org

Community Impact: How B Corps Measure It

My whole life I have volunteered, it is just who I am. In elementary school I volunteered at a local nursing home.

In high school I served as an aide in classes for students with developmental disabilities and beginning in college I was volunteering for months in Latin America.

Fast forward a couple of decades and I founded Vista Global, certifying as a B Corp in 2012.  One of the categories for B Corp certification is Community. This category evaluates a company’s engagement with and impact on the communities in which it operates. Topics include diversity, equity & inclusion, economic impact, civic engagement, charitable giving and supply chain management.  

In addition, the Community category recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation.

Vista Global has worked with community-based organizations from the first day we hung out our shingle and will continue to do so until the last day we operate. It is in our DNA.  Another way that we work to improve the community is to offer pro bono services to community-based organizations.

Recently, I joined the Pro-Bono Business Advising program of Pacific Community Ventures. This incredible program facilitates mentorships between Small Business Owners and advisors who have unique and hard-earned skills to support small business owners to elevate their ideas to thriving businesses. It is exciting to be part of expanding businesses fighting for economic, racial and gender justice that propel thriving communities with equitable jobs.

To learn more about how other B Corps collaborate to amplify social and environmental good in their communities, check out the weekly B The Change article on “How Collaboration Empowers the B Corp Community”

Women Leading Business for Good

In 2018, Sara Schley, CEO of Seed Systems, and Eileen Fisher, CEO of EILEEN FISHER, along with over 80 other B Corp women leaders joined together to take action. What can we do together that none of us can do alone? Rose Penelope Yee, CEO of Green Retirement, and Kim Coupounas, B Lab’s Global Ambassador, stepped up to co-found WeTheChange with Sara. Since then, I have been an active member of this group, fighting for an equal and just economy for all.

WeTheChange is a collaborative declaration written by women CEOs of Certified B Corporations and other purpose-driven enterprises.. The leaders who have signed this declaration personally — and on behalf of her/their company — affirm and support the articulated vision and principles. This community spans a broad spectrum of gender identities, including cis-gender, transgender, non-binary, and gender non-conforming leaders in business. We acknowledge intersectionality and the reality that we need to change systems and structures that marginalize certain identities.

Our values are also in harmony with the social and environmental practices embraced by the B Corporation community of businesses who meet the highest standards of verified social and environmental sustainability.

WeTheChange is committed to a world where women are equally represented in positions of power and influence. The issues of equality and social justice are prevalent in our society now more than ever, which is why I am honored to be part of a group of businesses and people willing to tackle these challenges every day to make the world a better place. 

Up until now, WeTheChange has relied solely on volunteering from founders and other members of the community. This model has carried us over the last four years, but it is time we take the next step forward in order to advance our mission and voice.

Between now and December 2 we are seeking 50 WeTheChange signatories and allies to give big and support this important shift by becoming an Activator.

This fundraising initiative will allow WeTheChange to hire our first staff member. This step is crucial for our group as we continue to evolve towards a more ethical, sustainable, and impactful future!

Click here to learn more about supporting WeTheChange and becoming a WeTheChange Activator.

Honoring Wisconsin’s Best for the World™

Vista Global is among a group of 17 Wisconsin certified B Corps committed to being a force for good in the world. We have also been recognized as a 2022 “Best for the World” company in the Customer Category. 

The “Best For The World” designation is given to B Corps that score in the top 5% of their size category from more than 5,000 Certified B Corporations from 83 countries. We’re honored to have received this designation for 5 consecutive years.

Congratulations, Wisconsin’s Best for the World honorees!

Five certified B Corps in Wisconsin achieved “Best for the World” status in 2022. Companies are honored in the following categories of the B Impact Assessment: Community, Customers, Governance, Environment, and Workers. 

The Honorees

Vista Global Coaching & Consulting – Best for Customers

 

ZYN – Best for Community

 

Riverwater Partners Best for Customers

 

Envest Microfinance Best for Governance

 

Cream City Conservation & Consulting Best for Workers

Learn more about the Best for the World™ designation and find other B Corp honorees here.

A Decade of B Corp Certification: Being a Business for Good

For the last 10 years, Vista Global has been a Certified B Corp, making us the longest certified B Corp in the state of Wisconsin. Certified B Corporations are businesses that meet the highest standards of verified social and environmental performance, transparency, and accountability. This third-party certification legally requires businesses to consider the impact of their decisions on their workers, customers, governance, community, and the environment.

In order to achieve certification, a company must complete an Impact Assessment where they are evaluated based on the five categories. The assessment is tailored to different industries and sizes of business. A minimum score of 80 points must be achieved for certification. 

Since our first certification in 2012, Vista Global has been dedicated to using business as a force for positive change in the world. I am proud to announce that Vista Global just completed its 4th recertification and received our highest score yet of 145.3 points! How have we been able to continuously grow our impact over the last 10 years? Below is a breakdown of our current score and how we got there. 

Community – 67 points

The Community category evaluates a company’s engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity & inclusion, economic impact, civic engagement, charitable giving, and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally-focused economic development, and formal charitable giving commitments.

Community is Vista Global’s highest-scoring category. From the beginning, our business model has been centered around supporting the local community. We do this by offering pro-bono services, by volunteering on nonprofit boards, and through monetary donations. 

Customers – 57.7 points

The Customers category evaluates a company’s stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels. In addition, this section recognizes products or services that are designed to address a particular social problem for or through its customers, such as health or educational products, arts & media products, serving underserved customers/clients, and services that improve the social impact of other businesses or organizations.

Customers is our second-highest scoring category. The coaching and consulting services we provide to our customers are specifically designed to improve education and support underserved populations. We’re honored to have received the “Best for the World” nomination in the Customers category the last 4 years. 

Governance – 13.1 points

The Governance category evaluates a company’s overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect its mission and formally consider stakeholders in decision-making through their corporate structure (e.g. benefit corporation) or corporate governing documents.

From the beginning, Vista Global has adopted a legal framework that is intentionally designed to create a specific positive outcome for all of its stakeholders. 

Environment – 7.3 points

The Environment category evaluates a company’s overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company’s operations and, when applicable, its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.

Vista Global operates in a virtual office, which in turn reduces our negative impact on the environment. We have also adopted policies that prioritize supporting environmentally conscious suppliers. 

To learn more, visit our B Corp Profile.