Habito, the UK’s leading digital mortgage company, has become B Corp certified, meaning it has made a legal commitment to put people and planet on the same level as profit. Habito joins a global community of forward-looking companies including Ben & Jerry’s, Patagonia, WeTransfer and more than 3,000 others around the world that use the power of business to solve social and environmental challenges and make the world a better place.
Whether an aspiring first time buyer looking to get on the property ladder, a homeowner looking to get the most from their biggest asset, someone planning a next home move or a landlord providing a home to others, Habito’s mission is to make mortgages easier for everyone and give people the best advice wherever they are on their journey to becoming mortgage free. Already a Living Wage employer, over the coming weeks and months Habito will be formalising its Impact Business Models which will outline its long-term commitments to positive change in society and the environment, including making the nation’s homes more sustainable and driving financial literacy in the UK.
To become a B Corp, the business was assessed and audited against rigorous standards of social and environmental performance, accountability and transparency. The accreditation process examines everything from a firm’s carbon footprint and partners’ supply chains to diversity and inclusion policies and helping vulnerable customer groups. Companies must score 80 out of a possible 200 points, but it’s a scoring system designed for long-term positive change meaning that, for most companies, B Corp certification is just the start of their impact goals. Firms are inspected again for the accreditation every three years, to higher standards each time.
Daniel Hegarty, CEO and Founder of Habito said: “We’re proud to take our place in the global movement of companies using business as a force for good and especially proud to be the first UK mortgage company to become certified. For us, it’s not just about revolutionising home ownership in the UK, but also about getting our own house in order and looking after our Habito community. B Corp recognises our intent to have a measurable impact on the world. This is only the beginning; it’s our pledge to do better in the world and we’re looking forward to making this intent a reality.”
This comes on the same day that the company announced it’s Series C fundraising, with Habito now having raised more than £63 million in total across all rounds, in equity from some of the biggest names in Venture Capital – Augmentum Fintech, Atomico, Mosaic Ventures, Ribbit Capital, Regah Ventures, SBI Group and mojo.capital