Company that sells surplus goods joins growing community of entrepreneurs using the power of business to address social and environmental challenges
Submitted by: InterSchola
Posted: Jan 19, 2012 – 01:18 PM EST
SAN FRANCISCO, Jan. 19 /CSRwire/ - InterSchola, a social enterprise that sells surplus goods for school districts and other local public agencies, announced today that it has received certification as a B Corporation by B Lab. B Lab certifies B corps using a scorecard covering environmental practices, employment and purchasing policies and products' benefits to society. With its unique business model focused on returning money to schools and helping to divert goods from disposal in landfills, InterSchola received a high score from the B Lab’s evaluation and scoring system.
Founded in 2004, InterSchola’s management of surplus sales for clients has produced an entire ecosystem of used goods that do good. Maximizing the value of surplus assets previously sitting in warehouses, InterSchola’s sales of items such as school buses, work trucks, food service equipment and surplus technology have returned nearly $15 million to budget-strained school districts and other local public agencies. The redistribution of surplus goods back into the community through public sale also extends the lifecycle of these goods and diverts more than three million pounds of waste from landfills each year.
“InterSchola is honored to join the growing community of B Corps, which is made up of business leaders dedicated to a triple bottom line approach to running their businesses: people, planet and profits,” said InterSchola CEO and founder Melissa Rich. “Our public agency clients - including one-third of school districts in California, as well as schools and local agencies in five other states – value InterSchola for excellent service and also for the transparency and accountability we stand by, which are the foundation of B Corp companies. We’re delighted to formalize our commitment to these values through B Corp certification.”
To gain B Corp status, companies must participate in a rigorous assessment process, and ensure adherence to comprehensive and transparent social and environmental standards. There are nearly 500 Certified B Corps nationwide representing 60 industries, representing a diverse multi-billion marketplace. In October, California passed legislation to allow businesses to set up as Benefit Corporations, which provides them protected legal status to pursue not only profitability, but impact in environmental sustainability and social responsibility.
InterSchola was established in 2004 to help school districts with surplus inventory realize the value of these assets while at the same time freeing up expensive storage space and valuable staff resources. InterSchola’s unique model is designed to eliminate the headaches associated with surplus disposal by managing the public auction process from start to finish and to ensure compliance with complex regulatory codes. Items sold have ranged from pianos to portable buildings, from computers to cars, and from food service to facility equipment. InterSchola has returned millions of dollars to schools, districts and other local public agencies and has helped save countless more dollars previously spent on staff, storage and surplus disposal costs. Learn more at www.interschola.com.
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