Amanda Kizer - GIIRS Manager Chris Farrow - Program Associate · B Lab serves a global movement of...
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Welcome!Impact Measurement with B LabFriday, February 10, 2017
Amanda Kizer - GIIRS ManagerChris Farrow - Program Associate
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Agenda
IntroductionsWhat is the B
Impact Assessment?
BIA Demo Certification GIIRS Ratings
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B Lab serves a global movement of people using business as a force for good by:
- Shining a light on the leaders through B Corp Certification
- Creating paths for all businesses to followthrough mission aligned legal structures and tools to measure what matters
This program is supported by
B Lab, a non-profit organization.
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The B Impact Assessment
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The B Impact Assessment is a tool that allows businesses to measure and manage the impact performance of their whole business.
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Disclosure Questionnaire
Operational Impact&
Impact Business Models
What does the B Impact Assessment
Measure?Scored
Unscored
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Impact Business
Model The design of a company that creates a specific positive benefit/outcome for one or more of its stakeholders.
May be based on a product, beneficiary, particular process, activity or structure
Unique to the B Impact Assessment
Extraordinary & contingent upon company
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Operational Impact
Managing the day to day impact of running the business
Covers facilities, purchases, employees, and governance
Aligned with other best-in-class
standards
Applies to all companies independent of design or intent
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Organized across five stakeholder focused
impact areas
Governance
WorkersCommunity
Environment
Customers
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Divided into topics...
Mission & Engagement
Governance
Land, Office, PlantJob CreationCompensation
Ethics
Transparency
Benefits
Training & Education
Worker Owned
Job Flexibility
Diversity
Civic Engagement Outputs
Local Trans, Dist, & Suppliers
Suppliers, Distributors & Product
Input
Health
Serving those in need
Education
Arts, Media, & Culture
Governance Workers Community Environment Customers
Workforce Development
Mission Locked Renewable Energy
Land Conservation
Supply Chain Poverty Alleviation
Microenterprise
Toxin Reduction
Environmental Ed
Basic Services
Economic Empowerment
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...and Questions
Policies
Practices Outputs
Outcomes
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In practice….
Used for
★ B Corp Certification★ GIIRS Ratings
● Benefit Reporting (Sustainability Reporting)
● Best for Campaigns● Supply Chain Management
Used by
● 50,000+ Businesses● Investors● Researchers & Academics● Government● Accelerators● Business Networks● Supply Chain Managers
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B Corporation certification is to business what Fair Trade is to coffee or USDA Organic is to milk.
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Certified B Corporations are leaders of a global movement of people using business as a force for good.
They meet verified higher levels of
1. Social and environmental performance
2. Transparency
3. Accountability
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2000+CERTIFIED B CORPS
40+COUNTRIES
140+INDUSTRIES
1UNIFYING GOAL
The B Corp community is good company to keep.
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Who Can Certify?
• For-Profit Companies of Any Size
• Any Industry / Geography
• Any Legal Structure (sole proprietors, LLC’s, Corporations, etc.)*
• Companies over 1 year old – special Pending B Corp program for start-ups*
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Why Certify?
B Corp Certification helps companies:
1. Maintain Mission2. Differentiate from Pretenders3. Benchmark + Improve Performance4. Attract + Engage Talent5. Collaborate with Peers6. Save Money + Access Services7. Generate press
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Pending B Corp Status for StartupsA one year program designed to help startups (< 1 year ops) understand and improve their impact with the ultimate goal of creating a lifelong leader in using business as a force for good.
Two step process:
1. Protect your mission
2. Start measuring impact
1
2
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GIIRS Impact Ratings are the best in class impact ratings for impact investors to help measure & manage their portfolio companies.
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GIIRS Impact Ratings
✅ Relative Rating Performance of verified impact performance
✅ Score → Impact Business & Operations Ratings
✅ GIIRS Impact Rating Report
✅ No minimum score or legal component
✅ Adoption driven by GPs & LPs investing in private companies
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Rating Methodology: Stars & Medals
Operations Ratings 1 - 5 Star Scale
Impact Business Model RatingMedals (Bronze, Silver, Gold, & Platinum)
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Resources
View past webinars at www.bcorporation.net/videos/webinars
● Increasing your Impact, Improving your Score
● Maintaining Mission: Meeting the Legal Requirement for B Corp Certification
● How: Steps to B Corp Certification with B Corp Cultivation Center
● B Impact Assessment: http://bimpactassessment.net/● How to Certify as a B Corp: http://www.bcorporation.net/become-a-b-corp/how-to-become-a-b-corp● Legal Requirements: http://www.bcorporation.net/become-a-b-corp/why-become-a-b-corp/protect-
your-mission● FAQ for Investors & Directors:
http://www.bcorporation.net/sites/all/themes/adaptivetheme/bcorp/pdfs/faqs_investors_and_directors4.pdf
● Pending B Corp Status for Start Ups: http://www.bcorporation.net/become-a-b-corp/how-to-become-a-b-corp/steps-start-ups
● Case Studies: http://bimpactassessment.net/case-studies● B Corp Press: http://www.bcorporation.net/news-media