Silver Chef

Provides flexible funding option to hospitality & commercial equipment markets.

Brisbane, Queensland

Australia

silverchefgroup.com.au

About Silver Chef

Silver Chef Group is the over-arching company, comprised of Silver Chef (hospitality) and GoGetta (other industries).

It was at a US trade show in 1985 that the idea for Silver Chef was born. Seeing that the American home delivery pizza market was booming, and convinced of the market’s potential for growth in Australia, Allan English, Silver Chef’s founder and Managing Director, and a business partner, invested heavily in conveyor ovens. Unfortunately, it soon became clear that many pizza businesses could not afford to buy them. The solution? The ovens were rented at affordable rates which assisted young entrepreneurs to enter a booming market place. Later, Allan bought out his partner and devised a funding option that enabled small businesses to procure the equipment they needed, without committing large amounts of capital up-front. The new option, called Rent-Try-Buy®, is a simple 12 month agreement where the customer rents the equipment, and if they wish to purchase the asset there is a 75% rental rebate off the purchase price. This has been at the centre of the Silver Chef success story ever since.

Silver Chef listed on the ASX in 2005 & after many successful years providing a flexible funding option to the hospitality market, opportunity presented to broaden the product to fund the greater commercial equipment market. In 2008 GoGetta was launched, a division of Silver Chef Limited, offering flexible funding to small business owners outside of hospitality, particularly focused on the transport & construction industries.

Corporate social responsibility is through its association with Opportunity International Australia, a leading provider & pioneer of socially focused mircrofinance. Silver Chef support OIA through fundraising & indirectly by providing office space. Silver Chef ‘s mission is to “help people achieve their dreams”. This is three fold – for the careers of Silver Chef employees, the financing of equipment for small businesses & through microfinancing people out of poverty.

The B Corporation certification is a validation of our commitment to social and environmental responsibility. It reinforces that, as a business, our Core Values & culture, which encompass helping others, are as much of a focus as bottom line profitability. The recognition will enable us to create a strategy that will ensure our social impact can be shared and expanded.

The Change We Seek®

One of Silver Chefs BHAG’s, Big Hairy Audacious Goals, by 2020, is to fund 1.5 million people out of poverty, as well as seeing their customers and employees living their dreams. Silver Chef aspire to lead other Australian companies by example, by embracing a social consciousness and corporate responsibility. They aim to inspire and empower their staff, partners and stakeholders to live and work with a focus on being best for the world.

What makes us a better company?

B Impact Report

Certified since: 

June 2015
Summary:

Company Score

Median Score*

Environment

Environment

The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.

5
7
Workers

Workers

The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.

33
18
Customers

Customers

The Customers section of the Assessment measures the impact a company has on its customers. The section focuses on whether a company sells products or services that promote public benefit, and if those products/services are targeted towards serving underserved populations. Questions in this section will measure whether a company's product or service is designed to solve a social or environmental issue (e.g. improves health, preserves environment or creates economic opportunity to individuals or communities, promotes the arts/sciences, or increases the flow of capital to purpose-driven enterprises).

11
N/A
Community

Community

The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.

21
17
Governance

Governance

The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.

13
6
Overall B Score
83
55

80 out of 200 is eligible for certification

*Of all businesses that have completed the B Impact Assessment

*Median scores will not add up to overall

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