On March 19, 92 companies worldwide were recognized for creating the most positive, overall social and environmental impact by the nonprofit B Lab with the release of the third annual B Corp Best for the World list. The B Corp Best for the World list honors businesses that earned an overall score in the top 10 percent 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 percent of honorees are based outside the U.S. with 15 companies operating in emerging markets, such as Afghanistan, Kenya and Colombia.
“Employees, consumers, investors and policymakers 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, cofounder 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 percent 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.