B Corps: Redefining Success in Business
 

 

So far there are over 970 certified B Corporations, across 60 industries and 32 countries, unified by one common goal: to redefine success in business. B Lab is a nonprofit organization that serves a global movement to redefine success in business so that all companies compete not only to be the best in the world, but the best for the world.

Last month, B Lab released its third annual “B Corp Best for the World” list recognizing 92 companies worldwide for creating the most positive overall social and environmental impact. The ‘B Corp Best for the World’ list honors businesses that earned an overall score in the top 10% of all Certified B Corporations on the B Impact Assessment, a rigorous and comprehensive assessment of a company's impact on its workers, community, and the environment. Honorees were recognized among micro, small, and mid-sized businesses.

Highlighted companies include CDI Lan, a Brazilian education and training company generating income and employability in low income communities through internet cafes, d.light design, a manufacturer and distributor of solar lighting and power products providing access to reliable, affordable, renewable energy for nearly 30 million people in 60 countries, and Sunrise Banks, a Minnesota community bank supporting affordable housing, small business development, and not-for-profits.

The ‘Best for the World’ companies come from 31 different industries such as manufacturing, telecommunications, pharmaceuticals and real estate. A majority operate in a service industry, including 17 honorees in financial services and 15 in environmental consulting. 30% of honorees are based outside the US, with 15 companies operating in emerging markets such as Afghanistan, Kenya and Colombia. 

“Employees, consumers, investors, and policy makers increasingly want to support companies that create a positive impact in the world and the Best for the World honorees are the best of the best,” said Jay Coen Gilbert, co-founder of B Lab, the nonprofit organization that certifies B Corporations and governs the independent third party standard used to generate the comparable assessment of corporate impact. “It’s particularly inspiring that 21% of the 2014 honorees are first time winners but long time B Corps. They’re winning the race to the top.”

Each honored company is a Certified B Corporation. They use the power of business to solve social and environmental problems and have met rigorous standards of social and environmental performance, accountability, and transparency. Today there are over 970 certified B Corporations, across 60 industries and 32 countries, unified by one common goal: to redefine success in business.

B Lab will release separate lists recognizing the companies ‘Best for the Environment’ (environmental impact), ‘Best for the Community’ (community impact), and ‘Best for Workers’ (employee impact) throughout 2014.

Full release available here

 
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Cylvia is an award winning New Economy leader who is known for speaking truth to power.  She is a smart systems thinker who understands and is able to describe the deeper connections between seemingly unrelated issues.  She is a gifted writer and speaker and is the former First Lady of Oregon.  

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