B Impact Report
Sharesies gives people an easy way to invest in the sharemarket & managed funds.
Location: Wellington & Sydney, Wellington, New Zealand
Sector: Service with Minor Environmental Footprint
Overall B Impact Scoreinfo_outline
The B Impact Scores are being compared against all businesses that have completed the B Impact Assessment
Sharesies purpose is to financially empower the next generation by giving someone with $5 the same investment opportunities as someone with $5m. They’ve improved access to investing by having no minimum investment, removing jargon, and enabling people to build wealth over time.
As at July 2021, Sharesies has attracted over 400,000 investors who, together, have invested over $1.5b. They believe, without Sharesies, that a large proportion of these funds would never have been invested.
There are a wide range of funds on the platform, from bonds and cash through to the US500 and other international shares. They also offer a range of sustainable funds that consider environmental, sustainable and governance issues.
They want to remove the taboo many people experience when talking about money. They want to see more people sharing their insights so that they can all become more financially empowered. They believe when knowledge is shared this will lead to more equitable opportunities.
Impact Area Scoresinfo_outline
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.
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 companys 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.
Explore More B Corps
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.
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.