TMB Tax & Financial Services Benefit Corporation, based in Birmingham, Alabama, has achieved B Corp Certification, signifying its commitment to social and environmental responsibility. Led by Founder & CEO, Talibah Bayles, this tax and accounting advisory firm has demonstrated dedication to making a positive impact across five pillars: governance, workers, community, environment, and customers.
With an impressive B Impact Assessment score of 131.8, TMB has not only met the required threshold for certification, but has also set a new benchmark for excellence. The forthcoming launch of Bankably™ in April 2024 is a testament to TMB’s innovative approach in addressing the capital access crisis faced by small businesses, particularly in marginalized communities.
Talibah Bayles emphasized that the B Corp Certification is a reflection of the company’s unwavering commitment to creating a tangible difference in the community and the environment. TMB’s focus on measuring and improving its impact on society through client services, as well as community outreach and collaboration, is evident in its pursuit of the certification.
As a public benefit corporation, TMB is legally obligated to consider the impact of its decisions on stakeholders, further solidifying its commitment to producing a public benefit while operating for profit. The company’s dedication to social responsibility is evident in every aspect of its operations, products, and interactions with stakeholders.
In addition to its B Corp Certification, TMB is also a public benefit corporation, which acknowledges that the business operates for both profit and to produce a public benefit and by law can consider the impact of its decisions on stakeholders.
B Corporations, also known as B Corps, are companies that meet high standards of social and environmental performance, accountability, and transparency. Certified by B Lab™, an independent non-profit organization, B Corps are purpose-driven and strive to create benefits for everyone.
Talibah Bayles, a Birmingham native and esteemed leader, is not only an entrepreneur but also a committed champion for equitable access to opportunities to create and own profitable small businesses. Her dedication to small business advocacy and her unique blend of local dedication and national influence set her apart as a visionary driving force behind TMB Tax & Financial Services.
With significant grassroots enthusiasm and extensive federal experience, Talibah has been able to connect local insights with a broader national perspective, shaping her strategies for advocating fair and accessible financial solutions on both local and national levels. Her advocacy was notably highlighted in July 2020 when she testified before the U.S. Senate Committee on Small Business & Entrepreneurship, emphasizing the need for equitable access to capital for minority-owned small businesses.
B Lab is a nonprofit network that aims to transform the global economy to benefit all people, communities, and the planet. B Lab creates standards, policies, tools, and programs that shift the behavior, culture, and structure of capitalism, mobilizing the global B Corp community towards collective action to address society’s most critical challenges.
Certified B Corporations are companies verified by B Lab to meet high standards of social and environmental performance, transparency, and accountability. Every three years, B Corps undergo a certification process to maintain their B Corp status, and their impact assessments are publicly available for transparency.
This certification is a symbol for companies that want to be transparent about their sustainability and social responsibility efforts. Unlike traditional companies, B Corps are required by law to consider the impact of their decisions on all stakeholders, focusing on positive impacts on the environment, employees, and society at large. TMB Tax & Financial Services Benefit Corporation is a shining example of a company dedicated to using business as a force for good.
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