Martha's Vineyard Bank

Certified B Corporation
Headquarters

Massachusetts, United States

Certified Since

April 2023

Industry

Deposit bank - Developed Markets

Sector

Service with Minor Environmental Footprint

Operates In

United States

Website

Martha’s Vineyard Bank is a full-service bank headquartered in Edgartown, Massachusetts. Services offered include business and personal banking, trust, investment services, and insurance. The Bank operates 10 banking offices, Martha’s Vineyard Investment Advisors’ office, and 16 ATMs on Martha’s Vineyard Island and in Falmouth, Massachusetts. Martha’s Vineyard Bank reports $1.3 billion in consolidated assets as of December 31, 2022. The Bank’s deposits are 100% insured for all accounts of any amount through the Federal Deposit Insurance Corporation (FDIC) and the Depositor’s Insurance Fund (DIF). Investment services are provided by Martha’s Vineyard Investment Advisors, a wholly owned subsidiary of Martha’s Vineyard Bank. mvbank.com

Overall B Impact Score

Based on the B Impact assessment, Martha's Vineyard Bank earned an overall score of 103.7. The median score for ordinary businesses who complete the assessment is currently 50.9.
103.7
103.7 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 11.4

Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.

Mission & Engagement0.8
Ethics & Transparency8.1
+ Mission Locked2.5

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.


Workers 25.7

Workers evaluates a company’s contributions to its employees’ financial security, health & safety, wellness, career development, and engagement & satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.

Financial Security4.5
Health, Wellness, & Safety9.7
Career Development5.1
Engagement & Satisfaction5.1

Community 47.2

Community evaluates a company’s engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity & inclusion, economic impact, civic engagement, charitable giving, and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.

Diversity, Equity, & Inclusion5.6
Economic Impact6.6
Civic Engagement & Giving8.4
Supply Chain Management0.1
+ Designed to Give13.8
+ Local Economic Development10.8

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.


Environment 2.8

Environment evaluates a company’s overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company’s operations and, when applicable its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.

Environmental Management0.2
Air & Climate1.4
Water0.0
Land & Life1.0
+ Green Lending0

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.


Customers 16.1

Customers evaluates a company’s stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels. In addition, this section recognizes products or services that are designed to address a particular social problem for or through its customers, such as health or educational products, arts & media products, serving underserved customers/clients, and services that improve the social impact of other businesses or organizations.

Customer Stewardship3.3
+ Portfolio Reporting0
+ Targeted for Investment2
+ Leadership & Outreach1.6
+ Investment Criteria2.3
+ Portfolio Management6.6
+ Serving in Need Populations0

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.



Previous Overall B Impact Scores

2023 Overall B Impact Score103.7

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