Oregon B Corps. lauded for being 'best for the world'
By Christina Williams
Sustainable Business Oregon editor
B Labs, the organization behind the movement to encourage Benefit Corporation formation, released a report Wednesday highlighting the performance of its B Corp. ranks. A handful of Oregon companies made its "Best for the World" ranking.
In its annual report released Wednesday, B Labs, the nonprofit behind the movement for Benefit Corporations, analyzed the top 10 percent of its membership and recognized a handful of Oregon companies for leadership.
With just over 500 registered B Corps. on record, B Labs for the first time analyzed the performance of its ranks and compared it to the performance of other sustainably minded businesses that use the organization's benchmarking tools.
The results were touted in a "Best for the World" ranking that highlighted companies for their overall performance as well as performance in categories such as environmental impact, community benefit and employee benefit. (The full report is available for download in PDF form here.)
Portland companies Green Building Services and Prem Group were named among the group's "Best of the Best" for ranking in the top 10 percent in an overall performance analysis.
Brightworks, gDiapers and Green Building Services were named in the 10 percent for environmental impact.
FMYI and Prem Group were named in the top 10 percent in the "Best for the Community" category.
The organization also recognized Sustainable Harvest, the Portland-based coffee company, as one of the "Rockstars of the New Economy." B Labs praised Sustainable Harvest for its work with small coffee farmers importing Fair Trade-certified coffee. Sustainable Harvest makes money both for itself and for growers who would otherwise have to settle for commodity prices.
B Labs certifies B Corps. using a standards framework that measures the benefit a company provides for its communities, employees and the environment. It also tracks corporate accountability and transparency. The Philadelphia-based organization is also pushing legislation that would provide a legal framework for Benefit Corporations to be recognized as legal. An effort was underway in Oregon this year, but didn't make to the top of the Legislative priority list during a busy short session that wrapped up this week.
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