Evaluated by Comprehensive B Impact Assessment
Submitted by: B Lab
Posted: Jun 12, 2018 – 10:00 AM EST
BERWYN, Pa., Jun. 12 /CSRwire/ - Today, the nonprofit B Lab has recognized nearly 1,000 companies for creating extraordinary positive impact as businesses. The honoree selection is based on an independent, comprehensive assessment, the B Impact Assessment, which is administered by B Lab. Honorees are featured on B the Change, the digital Medium publication produced by B Lab, at bthechange.com/bestfortheworld.
Honoree companies earn placement on one or more of six possible Best For The World lists, which include businesses that earned scores in the top 10 percent of more than 2,500 Certified B Corporations across all categories on the B Impact Assessment. B Lab simultaneously released separate lists recognizing top-performing B Corporations as Best For The World: Overall, Best For The World: Environment, Best For The World: Customers, Best For The World: Governance, Best For The World: Community and Best For The World: Workers, all of which can be found at bthechange.com/bestfortheworld. This fall, B Lab will release further Best For The World lists honoring top-performing funds and companies making the most positive change over time.
The full B Impact Assessment evaluates a company’s environmental performance, employee relationships, diversity, involvement in the local community, the impact a company’s product or service has on those it serves, and more. Honorees scoring in the top 10 percent of all B Corporations set a gold standard for companies using business as a force for good. To certify as B Corporations, companies must complete the full assessment and have their answers verified by B Lab.
“With the rise of anger at a system that feels rigged, and distrust in business at at all time high, people are hungry for companies who are changing the system by building businesses that seek to create the greatest positive impact,” says Jay Coen Gilbert, managing partner of B Lab. “Best For The World is the only list of businesses that uses comprehensive, comparable, third-party-validated data about a company’s social and environmental performance. As consumers, talent and investors increasingly demand transparent, values-aligned businesses to buy from, work at and invest in, companies will need to not just be best in the world but the best for the world. Not just to be nice, but to be the most successful.”
Nearly 1,000 Certified B Corporations were named 2018 Best For The World honorees, including: Patagonia; King Arthur Flour Company; Green Mountain Power; and the United Kingdom’s Charity Bank. Fifty-two countries are represented, including Denmark, India, South Africa and Taiwan. The selection criteria for Best for The World honorees are available at https://bit.ly/2IgAzF5.
Today there are more than 2,500 Certified B Corporations across more than 150 industries and 50 countries, unified by one common goal: to redefine success in business. Any company can measure and manage social and environmental performance at http://bimpactassessment.net.
B Lab is a nonprofit organization that serves a global movement of people using business as a force for good™. Its vision is that one day all companies compete not only to be the best in the world, but the Best For The World® and as a result society will enjoy a more shared and durable prosperity.
B Lab drives this systemic change by: 1) Building a global community of Certified B Corporations who meet the highest standards of verified, overall social and environmental performance, public transparency, and legal accountability; 2) promoting innovative corporate structures like the benefit corporation to align the interests of business with those of society and to help high impact businesses be built to last; 3) helping tens of thousands of businesses, investors, and institutions measure what matters by using the B Impact Assessment and B Analytics to manage their impact with as much rigor as their profits.
For more information, visit http://www.bcorporation.net.
B the Change is a Medium publication produced by B Lab in collaboration with the community of Certified B Corps and the movement of people using business as a force for good.
B the Change exists to inform and inspire people who have a passion for using business as a force for good in the world. Because we believe that storytelling is an essential element in the transformation of business and society, we commit ourselves to telling the most compelling stories possible to the largest audiences possible to propel the movement of business toward its destiny as a powerful force for good. We want to dramatically broaden and deepen engagement with entrepreneurs, managers, employees, investors and citizens in one of the most important discussions of our time.
Read all B the Change stories at http://www.bthechange.com.
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