Madison-based venture capital fund gener8tor announced Friday it has received a B Corporation certification from the nonprofit B Lab. It’s a status achieved by only 1,700 for-profit global companies that have committed to upholding verified standards for social, environmental and governance practices.
B Corporation certification requires an in-depth review of a business’ social and environmental performance, accountability and transparency. gener8tor joins the ranks of other B Corporation companies including Patagonia, TOMS, Ben & Jerry’s and Warby Parker.
“Our mission at gener8tor has always been to help communities invest in themselves by providing access to capital across race, place and gender and doing right by doing good. We see becoming a certified B Corp as a natural way to cement our commitment to that mission,” said Joe Kirgues, co-founder of gener8tor.