B Impact Report

Logo for Goldfarb Financial

Goldfarb Financial

Values Based Investing, Values Based Planning, Business Planning, ESG, SRI
Certified Since: August, 2015
Location: Buffalo, New York, United States
Sector: Service with Minor Environmental Footprint

Overall B Impact Scoreinfo_outline

129.3

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

goldfarbfinancial.com

Established in 1988, Goldfarb Financial has always emphasized Capitalism Doing Good®. We believes in Empowerment through Education. We practice this principle not just with our clients but the entire community.

We strive to offer our clients investment options and portfolios that match their values. We believe a person’s portfolio is an important extension of their values. In an industry where success should be built on trust, we believe it’s important that our clients see not only long term financial returns, but social returns as well. That is why it’s important we develop a dialogue with each of our clients to better understand who they are and what their priorities are. Your investments can help shape the world.

Rather than limiting our clients’ options to fit a specific end goal in global sustainability, we at choose to look at companies as a whole. With inclusive screens we are able to align our clients’ values with the positive impacts companies may have on the world.

We are hoping to redefine the measure of success; how leaving a positive impact on the world should be considered when making decisions. That is why we strive to do our part in leaving a positive mark on the local community of Buffalo, NY and New Orleans, LA.

Best for the World Honoreeinfo_outline

linkBest for Overall 2019 linkBest for Customers 2019 linkBest for Overall 2018 linkBest for Customers 2018 linkBest for Customers 2017 linkBest for Customers 2016

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.

Previous Overall B Impact Score

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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.