B Impact Report

Logo for O-Bank

O-Bank

Banking & Financial Services
Certified Since: October, 2017
Location: Taipei City, Taipei City, Taiwan
Sector: Service with Minor Environmental Footprint

Overall B Impact Scoreinfo_outline

93.5

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

www.o-bank.com

Founded in 1999, O-Bank Co., Ltd., formerly known as Industrial Bank of Taiwan (IBT), has had a deep-rooted conviction in financial inclusion and innovations. After mainly serving corporate and institutional clients for more than a decade as a boutique investment bank, the Bank formally restructured and changed its name to “O-Bank” in 2017, entering the retail banking market and aiming to provide consumers a convenient, reliable, and user-centric banking experience with the help of digital financial technology. As the first native digital bank in Taiwan, O-Bank provides innovative and inclusive financial products and services that aim to serve the underserved.

Additional Documentationinfo_outline

file_downloadO-Bank Transparent Assessment file_downloadEverTrust Bank Transparent Assessment file_downloadIBT Leasing Group Transparent Assessment file_downloadO-Bank B Corp Disclosure Group file_downloadO-Bank Transparent Assessment 2021 file_downloadEvertrust Bank Transparent Assessment 2021 file_downloadIBT Leasing Group Transparent Assessment 2021

Impact Area Scoresinfo_outline

Governance Governance
14.6
Workers Workers
31.6
Community Community
14.4
Environment Environment
12.4
Customers Customers
20.3
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.