Using the power of business to build a more inclusive and sustainable economy, our firm strives to align with many B Corporation or "B Corp" business objectives, such as facilitating an inclusive environment to build stronger communities, as well as creating a healthier environment by committing to sustainable practices. With over $1 billion in commitments and capital under management and 50+ corporate strategic partners from 11 countries, Fifth Wall, whose global consortium consists of some of the largest owners and operators of commercial real estate, is ready to help bring more inclusive and sustainable B Corp business practices to the sector.
Fifth Wall is proud to announce it has become a Certified B Corporation
B Corporation Certification
What is a B Corporation?
Certified B Corporations are leaders of a global movement of people using business as a force for good. They meet high standards of overall social and environmental performance, transparency and accountability, and aspire to use the power of business to solve social and environmental problems. There are more than 3,300 Certified B Corporations in over 150 industries and 70 countries with one unifying goal – to redefine success in business.
Why B Corps Matter
Climate consciousness is at the core of Fifth Wall’s values, impacting the firm’s operations and investment strategy. With this certification, Fifth Wall’s current and future portfolio companies, investors, and employees can feel certain that they’ve partnered with an organization that prioritizes a high bar of values-driven innovation and environmental performance.
How did Fifth Wall Become Certified?
To become certified, businesses must first meet the performance requirement by completing the B Impact Assessment, which assesses the overall impact of a company on its workers, suppliers, community, and the environment. The company must earn a reviewed minimum score of 80 out of 200 points and then sign the Term Sheet and B Corp Declaration of Interdependence.
“It is incumbent upon all of us to take actionable steps towards building a more equitable and sustainable society. We’re grateful to the resources and community offered by B Lab to help our firm as we continue to educate ourselves and make changes within our own organization. We recognize that today’s announcement is a small step and that there is a lot more work to be done. As a member of the venture capital and technology ecosystems, we’re hopeful this commitment will be shared by our peers and ultimately catalyze an industry-wide shift in mindset.”
Co-Founder & Managing Partner
“Over the next few years, sustainability and decarbonization issues will be a dominant theme for every company in real estate and the technology companies that support the industry. So, we believe new building materials, new approaches to operating assets, and sources of carbon-neutral power will need to be created, and funded. Becoming a Certified B Corporation was a natural step as we prepare to launch our Carbon Impact Fund.”