Capitalism can do better. Business can be more responsible. Short-term profit doesn’t have to be the singular focus of private enterprise.
This is what Corporate Knights believes. The long term matters, in our view. Our economy would be nothing without the social and environmental capital that lies at its foundation.
Yet markets are efficient at their core. Capitalism as an economic system works – for many. The problem is that our narrow definition of “wealth” and GDP has left just as many behind and distracted from the real goal: lasting prosperity for all.
It is this reality that attracted us to the efforts of B Lab, a non-profit organization based in Pennsylvania. B Lab has created a program that certifies qualified companies as B Corps, with the “B” standing for “Benefit.” To earn certification, B Corps must meet rigorous standards of social and environmental performance, accountability and transparency.
“B Corp Certification is to sustainable business what LEED certification is to green building or Fair Trade certification is to coffee,” B Lab states on its website.
In 2012, Corporate Knights decided to join the chorus. This involved completing a “B Impact Assessment” survey, which measures a company’s environmental and social impact and applies a score out of 200. At least 80 points are required to qualify for certification – we scored 107. Not bad, but plenty of room for improvement.
Next, we had to sign a term sheet and a declaration of independence, committing to “harness the power of public enterprise to create public benefit,” for all stakeholders, not just shareholders. We also agreed to subject our company to a one in five chance of being audited every two years.
The B Corp movement is growing. There are currently 1,257 B Corps in 38 countries, though most are based in the U.S. and Canada. The bigger members include outdoor clothing company Patagonia and ice cream maker Ben & Jerry’s, a Unilever subsidiary.
In December, Brazilian cosmetics company Natura became the first large publicly traded B Corp in the world, as well as the largest B Corp overall. Unilever CEO Paul Polman told Guardian Sustainable Business at the World Economic Forum in Davos this year that he was strongly considering doing the same, although he was intimidated by the logistical and jurisdictional challenges of gathering all the relevant data together.
With such a burgeoning number of businesses joining the fold, B Corp recently decided to highlight those certified enterprises that have earned an overall score in the top 10% of all Certified B Corporations on the B Impact Assessment survey.
This best of the best list involves a number of compelling Canadian companies including Oliberté, a premium leather goods company that “sustainably sources its materials from and manufactures in Africa to create pathways out of poverty.” In obtaining a score of 138, Oliberté is marking a small milestone in the evolution of capitalism.
Rank | Company | Industry | Size | Country | Score |
---|---|---|---|---|---|
1 | South Mountain Company Inc. | Architecture and Design | Small Business | United States | 179 |
2 | Juhudi Kilimo | Credit Provider | Midsize Business | Kenya | 178 |
3 | Echale a tu casa | Construction | Midsize Business | Mexico | 168 |
4 | Benefical State Bank | Credit Provider | Midsize Business | United States | 165 |
4 | One Earth Designs | Electronics | Micro-Enterprise | Hong Kong | 165 |
6 | Impact Makers Inc | Management and Financial Consulting | Midsize Business | United States | 164 |
7 | Council Fire LLC | Environmental and Sustainability Consulting | Micro-Enterprise | United States | 162 |
8 | Emerge Financial Wellness | HR Consulting and Recruiting | Micro-Enterprise | United States | 157 |
8 | Give Something Back Inc | Office Supplies and Services | Midsize Business | United States | 157 |
10 | Piedmont Biofuels | Energy Generation | Micro-Enterprise | United States | 156 |
10 | Virginia Community Capital | Credit Provider | Small Business | United States | 156 |
12 | Jibu | Retail Storefront | Sole Proprietor | United States | 155 |
13 | Cooperative Home Care Associates | Healthcare | Midsize Business | United States | 154 |
13 | Sunrise Banks | Credit Provider | Midsize Business | United States | 154 |
15 | RSF Capital Management | Credit Provider | Micro-Enterprise | United States | 152 |
15 | Caravela Coffee | Food and Beverage | Midsize Business | Colombia | 152 |
17 | ETAVENCA | Research and Design | Midsize Business | Venezuela | 151 |
17 | HCA | Healthcare | Midsize Business | United States | 151 |
19 | EcoZoom | Electronics | Micro-Enterprise | Kenya | 150 |
19 | Greater Richmond Grid | Arts, Entertainment and Media | Sole Proprietor | United States | 150 |
19 | Hybrytec Solar | Renewable Energy Installation | Small Business | Colombia | 150 |
22 | Archi's Acres | Agriculture and Forest Management | Micro-Enterprise | United States | 149 |
23 | Alter Eco | Food and Beverage | Small Business | United States | 148 |
23 | ECO2LIBRIUM | Environmental and Sustainability Consulting | Small Business | Kenya | 148 |
25 | Highland Craftsmen Inc | Architecture and Design | Small Business | United States | 147 |
25 | Greyson Bakery Inc | Food and Beverage | Midsize Business | United States | 147 |
25 | Bazzani Building Company | Construction | Micro-Enterprise | United States | 147 |
25 | Trillium Asset Management | Investment Advising | Small Business | United States | 147 |
25 | PV Squared | Renewable Energy Installation | Small Business | United States | 147 |
25 | d.light design | Electronics | Midsize Business | United States | 147 |
31 | New Avenue | Architecture and Design | Micro-Enterprise | United States | 146 |
32 | Telecom Development Company Afghanistan Ltd (Roshan) | Telecommunications | Midsize Business | Afghanistan | 145 |
32 | xrunner Venture GmbH | Waste Management | Micro-Enterprise | Peru | 145 |
34 | TriCiclos | Waste Management | Midsize Business | Chile | 144 |
35 | Yellow Leaf Hammocks | Housewares and Home Furnishings | Micro-Enterprise | United States | 143 |
35 | Feiticos Aromaticos | Home and Personal Care | Small Business | Brazil | 143 |
35 | MAXX Potential | IT Services, Software and Web Design | Small Business | United States | 143 |
38 | New Resource Bank | Credit Provider | Small Business | United States | 141 |
39 | Sun Light and Power | Energy Generation | Midsize Business | United States | 140 |
40 | CDI | IT Services, Software and Web Design | Micro-Enterprise | Brazil | 139 |
40 | Natural Investments LLC | Investment Advising | Sole Proprietor | United States | 139 |
40 | Blue Garnet | Non-Profit Consulting | Micro-Enterprise | United States | 139 |
43 | Purpose STAFF | HR Consulting and Recruiting | Midsize Business | United States | 138 |
43 | Revivn | Waste Management | Sole Proprietor | United States | 138 |
43 | Oliberte Limited | Apparel, Footware and Accessories | Midsize Business | Canada | 138 |
43 | Enviro-Stewards | Environmental and Sustainability Consulting | Micro-Enterprise | Canada | 138 |
43 | THREE SISTA'S | Hospitality | Micro-Enterprise | Australia | 138 |
48 | Telesis Corporation | Real Estate Development | Small Business | United States | 136 |
48 | Ingage Partners LLC | Management and Financial Consulting | Small Business | United States | 136 |
48 | Northeast Green Building Consulting LLC | Architecture and Design | Micro-Enterprise | United States | 136 |
48 | VIF International Education | Education | Small Business | United States | 136 |
52 | The Paradigm Project | Non-Profit Consulting | Small Business | United States | 135 |
52 | Metropolitan Group | Marketing and Communications | Small Business | United States | 135 |
54 | Indigenous Designs and Corporation | Apparel, Footware and Accessories | Small Business | United States | 134 |
54 | Farmland LP | Agriculture and Forest Management | Micro-Enterprise | United States | 134 |
54 | Avante | Credit Provider | Small Business | Brazil | 134 |
57 | Buy The Change | Online Marketplace | Sole Proprietor | United States | 133 |
57 | Ecotrust Forest Management | Agriculture and Forest Management | Micro-Enterprise | United States | 133 |
57 | Imprint Capital | Investment Advising | Small Business | United States | 133 |
60 | MiiR | Sporting Goods | Micro-Enterprise | United States | 131 |
60 | Dolphin Blue Inc | Online Marketplace | Micro-Enterprise | United States | 131 |
60 | Australian Ethical Investment | Investment Advising | Small Business | Australia | 131 |
60 | Veris Wealth Partners | Investment Advising | Small Business | United States | 131 |
60 | Off Grid Solutions / WakaWaka | Electronics | Small Business | Netherlands | 131 |
65 | Education Funding Partners | Education | Micro-Enterprise | United States | 130 |
65 | Green Retirment Plans Inc | Investment Advising | Sole Proprietor | United States | 130 |
67 | DOMI | Energy Generation | Small Business | Taiwan | 129 |
67 | Manzimvula Ventures Inc | Management and Financial Consulting | Micro-Enterprise | United States | 129 |
67 | SLOWCOLOR | Apparel, Footware and Accessories | Micro-Enterprise | United States | 129 |
67 | Atayne LLC | Apparel, Footware and Accessories | Sole Proprietor | United States | 129 |
67 | Byoearth | Waste Management | Micro-Enterprise | Guatemala | 129 |
67 | Social Impact Architects | Non-Profit Consulting | Micro-Enterprise | United States | 129 |
67 | Good Tech America LLC | IT Services, Software and Web Design | Sole Proprietor | United States | 129 |
74 | PeaceWorks Technology Solutions | IT Services, Software and Web Design | Small Business | Canada | 128 |
74 | Grounds For Change | Food and Beverage | Micro-Enterprise | United States | 128 |
74 | Courrieros | Transportation | Small Business | Brazil | 128 |
74 | L. International | Pharmaceuticals and Supplies | Sole Proprietor | United States | 128 |
74 | Grupo GAIA | Management and Financial Consulting | Small Business | Brazil | 128 |
74 | Delight Co Ltd | Pharmaceuticals and Supplies | Small Business | Korea (Republic of) | 128 |
74 | Mikado Consulting | Non-Profit Consulting | Micro-Enterprise | Turkey | 128 |
74 | Down to Earth Markets | Food and Beverage | Micro-Enterprise | United States | 128 |
74 | FINAE SAPI DE CV SOFOM ENR | Credit Provider | Small Business | Mexico | 128 |
74 | TAS | Real Estate Development | Small Business | Canada | 128 |
84 | Mal Warwick | Donordigital | Non-Profit Consulting | Small Business | United States | 127 |
84 | Ned Schaub Consulting - Social Change Strategy | Non-Profit Consulting | Sole Proprietor | United States | 127 |
86 | TTC | IT Services, Software and Web Design | Small Business | Netherlands | 126 |
87 | Andean Naturals Inc | Food and Beverage | Sole Proprietor | United States | 125 |
87 | Bullfrog Power | Energy Generation | Small Business | Canada | 125 |
87 | Seeds Printing | Office Supplies and Services | Sole Proprietor | United States | 125 |
87 | FlipGive | Donation Service | Micro-Enterprise | Canada | 125 |
87 | Community Wealth Partners | Non-Profit Consulting | Small Business | United States | 125 |
87 | Green Living Enterprises | Arts, Entertainment and Media | Small Business | Canada | 125 |
87 | Sarona Asset Management Inc | Equity Investor | Small Business | Canada | 125 |
94 | Purpose Capital | Management and Financial Consulting | Micro-Enterprise | Canada | 124 |
94 | UpSpring | Management and Financial Consulting | Micro-Enterprise | United States | 124 |
96 | CarShare Atlantic | Transportation | Micro-Enterprise | Canada | 123 |
96 | thedatabank gbc (general benefit corporation) | IT Services, Software and Web Design | Micro-Enterprise | United States | 123 |
96 | Sustainable Earth Solutions Inc | Environmental and Sustainability Consulting | Sole Proprietor | United States | 123 |
96 | Impact First Investments | Investment Advising | Micro-Enterprise | Isreal | 123 |
96 | CAP Global | Pharmaceuticals and Supplies | Micro-Enterprise | United States | 123 |
101 | Prosperity Candle | Housewares and Home Furnishings | Micro-Enterprise | United States | 122 |
101 | Algramo | Retail Storefront | Sole Proprietor | Chile | 122 |
101 | Praxis Consulting Group | Management and Financial Consulting | Micro-Enterprise | United States | 122 |
101 | Realize Strategies | Non-Profit Consulting | Micro-Enterprise | Canada | 122 |
105 | Lucky Iron Fish | Pharmaceuticals and Supplies | Micro-Enterprise | Canada | 121 |
105 | ChangeIt | Donation Service | Micro-Enterprise | Canada | 121 |
105 | AguaClara LLC | Architecture and Design | Micro-Enterprise | United States | 121 |
109 | Little Bean Sprout | Apparel, Footware and Accessories | Sole Proprietor | United States | 120 |
109 | Animal Experience International | Travel and Leisure | Sole Proprietor | Canada | 120 |
109 | Message Agency | IT Services, Software and Web Design | Micro-Enterprise | United States | 120 |
109 | Sustainable Law Group P.C. | Legal Services | Sole Proprietor | United States | 120 |
109 | Hopemakers | Credit Provider | Micro-Enterprise | Korea (Republic of) | 120 |
109 | Fledge LLC | Management and Financial Consulting | Sole Proprietor | United States | 120 |
114 | Veomas | Management and Financial Consulting | Sole Proprietor | Chile | 119 |
115 | GEXSI GmbH | Investment Advising | Sole Proprietor | Germany | 118 |
116 | Clean Ethics | Home and Personal Care | Sole Proprietor | United States | 116 |
116 | Future Strategies | Environmental and Sustainability Consulting | Sole Proprietor | Canada | 116 |
116 | Change Catalyst | Marketing and Communications | Sole Proprietor | United States | 116 |
119 | Roots for Sustainability | Environmental and Sustainability Consulting | Sole Proprietor | Spain | 115 |
119 | OneSeventeen Media Inc. | Marketing and Communications | Sole Proprietor | United States | 115 |