First Affirmative Recognized as a ‘Best for the World’ Company
By Steve Schueth
Today B Lab released the first ‘Best for the World’ lists recognizing companies creating the most positive overall social and environmental impact. The ‘Best for the World’ companies score 50% higher than nearly 2,000 other sustainable businesses, and in the top 10% among more than 500 Certified B Corporations, in a comprehensive independent assessment of overall corporate impact.
In the B Corporation Annual Report, B Lab has recognized First Affirmative Financial Network as:
- Among the 15 top U.S. corporations in terms of positive worker impact.
- One of three U.S. financial services companies to rank the highest on positive worker impact.
- One of only three Colorado corporations to rank in the top of positive worker impact.
“B Corporations are leading a global movement to redefine success in business,” 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. “These companies are the best in the world at being the best for the world,” Coen Gilbert added.
Unlike traditional corporations, B Corps consider the full impact of all internal decisions on their employees, suppliers, community, consumers, and the environment—and are legally allowed to do so. This is the way First Affirmative has conducted business every single day over the past 24 years.
The recognition that First Affirmative is receiving today is a confirmation of the value of operating in a more responsible manner, and it reflects an important characteristic of the companies we look to own in client portfolios.
B Lab is a nonprofit organization dedicated to using the power of business to solve social and environmental problems. B Lab certifies B Corporations which must: 1) meet rigorous standards of social and environmental performance; 2) legally expand their corporate responsibilities to include consideration of stakeholder interests; and 3) build collective voice through the power of the unifying B Corp brand.
The B Impact Assessment is the most rigorous, comprehensive, and comparable independent assessment of overall corporate impact. The assessment shows the relative value businesses create for society by comparing nearly 200 individual metrics on corporate impact on workers, consumers, suppliers, community, and the environment.
Posted: March 7, 2012