Check out the report or read on to learn more about what it means to be a B Corp and a Benefit Corporation, and see some quick highlights from 2016.
B Corp is a certification that ensures a company meets rigorous standards of transparency, accountability and social and environmental performance. A Benefit Corporation is a legal corporate status that allows businesses to write their greater purpose and mission into the DNA of the company. In following a triple bottom line model, this new type of corporation must consider non-financial interests when making decisions, such as social and environmental benefit, and must report on their impact every year through the publication of an annual report.
Being a Benefit Corporation safeguards our mission and gives us legal protection as a mission-driven business. Our B Corp certification provides a tool in the B Impact Assessment (BIA) for monitoring our performance, setting goals for improvement, measuring progress over time, and connecting us to a community of over 2,000 like-minded businesses.
Every two years, certified B Corps must undergo an intensive review process (the BIA), which is audited by the third party non-profit B Lab to prove that company policies and practices do indeed support their mission. This past winter, we completed our 4th BIA, a process that spanned every department of the company and took 250+ employee hours to complete over a 6 month period. We raised our score by 3 points for a total score of 141! The minimum required for recertification is 80 points and the median score of businesses that take the BIA is 55.
We believe in transparently sharing the nuts and bolts of what it means to use business as a force for good. As a result, we shared much of what we learned in our BIA in our public-facing 2016 Annual Impact Report.
Some 2016 highlights:
- Our Sustainability Committee led a year-long employee engagement program focused on sustainable sourcing
- We completed a new LEED Silver equivalent addition to our facility that doubled our square footage
- We purchased Renewable Energy Credits (RECs) to offset 100% of our energy usage
- We reevaluated our compensation structure and raised our base wage for regular employees to $15/hour plus benefits
- We had a 12.2% growth in our workforce, with 90 regular employees at year’s end
- We contributed $92,542.69 in monetary and product donations to charitable organizations
- We saw an increased efficiency that resulted in a reduction of greenhouse gas emissions by 41% per unit in 2016 compared to our baseline year of 2014
- We surpassed our goal of 60% diversion rate with a measured 86% of waste being diverted from landfills through recycling and compost
Check out the full report to learn more about the past year, and to learn about our goals for the year ahead!