B Lab, the non-profit behind the B Corp movement and B Corp certification, is proving that companies that do good socially can also do well financially.
With Boulder serving as home to the first regional office, Boulderites have a front row view of the growing group of entrepreneurs that strive to use business as a force for good.
And judging by the numbers, B Lab is making significant progress in its mission to help companies transform business as usual.
Since 2007, when B Lab was founded, the number of companies achieving or striving to achieve B Corporation certification has risen steadily. Currently, there are 1,468 certified B Corporations in 130 industries and 42 countries around the world, according to the B Lab website.
New businesses have continued to sign-on to follow the rigor of meeting higher sets of social and environmental performance standards, transparency and legal accountability.
If companies continue to opt-in, B Corp co-founders predict that one day, companies will compete not only to be the best in the world – but also the best for the world.
Big companies doing good, too
While initially fewer big companies showed interest — except for early adopters such as Patagonia and Ben and Jerry’s — as of 2015, there are 26 B Corps on the Inc. 5000. Thirty-eight percent of those companies were also named to the 2015 B Corp Best for the World – those B Corps with scores in the top 10 percent.
Lafayette’s Door to Door Organics is among this elite group of double-achievers and has the numbers to prove it. Door to Door Organics ranked 2,120 on the Inc. 5000, scored 88 on the B Impact Assessment, and reported an annual growth rate of 184 percent.
Boulder B Corps
In an earlier post (May, 2014), the Boulder Source highlighted Boulder companies that have become certified B Corporations.
Since the list is growing, we wanted to share a few more of our hometown companies taking a pledge to B the Change. But this list is even longer than the 13 companies shown here. For the full list, visit Find a B Corp and search for Boulder companies.
(Company, Impact Report score)
Berger & Föhr, 100
Berger & Föhr is a two-man design studio based in Boulder, Colorado. The studio is owned and operated by Todd Berger and Lucian Föhr.
The Tea Spot, 117
The Tea Spot is a for-profit philanthropic business producing handcrafted loose leaf teas and Steepware® – tools that make loose tea easy. The company is woman owned and operated.
Cool Energy, Inc., 91
The launch of Cool Energy, Inc., in March 2006, was inspired by a passion to create a future in which energy is economically generated from abundant and environmentally sustainable sources. These renewable realities and more are being created today by Cool Energy’s SolarHeart® Engine.
Door to Door Organics, 88
Door to Door Organics is an online grocer that delivers fresh, high-quality organic produce and natural groceries directly to homes, offices, and schools throughout Colorado, Chicago, Kansas City, and Michigan, New Jersey, Pennsylvania, and Delaware.
Inspire Commerce, 103
Inspire Commerce is a financial transaction technology company focused on making the world a better place by improving the way merchants and their customers move money.
Renewable Choice Energy, 96
Renewable Choice is a renewable energy and carbon measurement, management, and offset firm.
Cultivation Center, 98
Cultivation Center provides education and consulting to not-for-profits, small businesses and social enterprises. The unique approach of the Cultivation Center is to bring business sectors together to learn from one another.
1908 Brands, 111
1908 Brands makes healthy solutions for the air, water, pets and people within your home, such as BOULDER® Cleaners , an extensive line of natural household cleaning and laundry products; and CompoKeeper , a revolutionary compostable waste collection and storage solution.
Conscious Coffees, 103
Conscious Coffees purchases green coffee directly from producer partners through their coffee importing cooperative, Cooperative Coffees, to enable transparent, long-term, direct relationships with coffee growers and eliminate the middlemen who often take potential revenue from the farmers.
Green Alpha Advisors, 93
Green Alpha Advisors, an asset management firm founded in 2007, uses science-driven, fundamentals-based research to invest in companies whose innovative products and services will transition us to the Next Economy.
Organic India USA
This holistic business has changed the face of agriculture in northern India through a sustainable business model that supports the livelihood of thousands of marginalized farmers in India by providing training and education, enabling self-sufficiency and skills that could be passed on to future generations.
Unreasonable Group, 101
Unreasonable Group hedges their bets on the most thrifty, resourceful, creative, and disruptive class amongst us: entrepreneurs. Their ambition is to serve as a catalyst for entrepreneurship in the 21st century and harness its collective power to address the greatest challenges of our time.
Conscious Company Magazine, 167
Conscious Company Magazine, founded in 2014 by co-founders Maren Keeley and Meghan French Dunbar, is the first print and digital, nationally distributed publication in the US to focus solely on sustainable business. The publication first hit stands nationwide in January 2015.
Read our first post on Boulder B Corps here.
Watch the video below to see Jay Coen Gilbert explain why B Corps matter.