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CSRHub Recognized as a “Best For The World” B Corp Governance Honoree

[fa icon="calendar'] Sep 4, 2019 9:21:37 AM / by CSRHub Blogging

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CSRHub LLC recognized as a “Best For The World” B CorpTM for creating powerful corporate governance structures to protect company mission


KATONAH, NEW YORK; September 4, 2019 – CSRHub LLC, a Certified B Corporation, has been named a Best For The World honoree in recognition of their significant positive impact in their innovative governance structures to protect the mission of their business. Ranking in the top 10% of all B Corps for their governance impact, CSRHub earned this honor because of their overall mission, ethics, accountability, and transparency.

Best For The World recognition is administered by B Lab, the global nonprofit that certifies and supports Certified B Corporations, which are for-profit companies dedicated to using business as a force for good. Today there are 3,000 Certified B Corporations across 64 countries and 150 industries, unified by one common goal: to redefine success in business.

B Corps meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. B Corp Certification doesn’t just evaluate a product or service, it assesses the overall positive impact of the company that stands behind it—like CSRHub. Using the B Impact Assessment, B Lab evaluates how a company’s operations and business model impact its workers, community, environment, and customers. To achieve the B Corp Certification, a company must achieve a score of at least 80 points on the assessment.

“We’re incredibly proud of this year’s Best For The World honorees,” says Anthea Kelsick, Chief Marketing Officer of B Lab. “These inspiring companies represent the kinds of business models and impact-driven business strategies that are building a new economy—one that is inclusive, regenerative, and delivers value to all stakeholders, not just shareholders. To that end, B Corps like CSRHub are redefining capitalism and showing that it actually can work for everyone.”

“We are honored to be recognized by B Lab for this achievement. We are proud to be a part of these world changing companies,” says Cynthia Figge, CEO and Cofounder of CSRHub.

1,000 B Corps from 44 countries were named to the 2019 Best For The World lists, including Patagonia, Beautycounter, Dr. Bronner’s, TOMS, Seventh Generation, and Greyston Bakery. The 2019 Best For The World honorees are determined based on the verified B Impact Assessments of Certified B Corporations. The full lists are available on https://bcorporation.net/

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About CSRHub: CSRHub offers one of the world’s broadest and most consistent set of Environment, Social, and Governance (ESG) ratings, covering 18,000 companies. Its patented Big Data algorithm combines millions of data points on ESG performance from hundreds of sources, including leading ESG analyst raters, to produce consensus scores on all aspects of corporate social responsibility and sustainability. CSRHub ratings can be used to drive corporate, investor and consumer decisions. CSRHub has been a Certified B Corporation since November of 2010. For more information, visit www.csrhub.com.

Contact: Cynthia Figge, CEO & co-founder; cynthia@csrhub.com

About B Lab: B Lab is a nonprofit that serves a global movement of people using business as a force for good. B Lab’s initiatives include B Corp Certification, administration of the B Impact Management programs and software, and advocacy for governance structures like the benefit corporation. B Lab’s vision is of an inclusive and sustainable economy that creates a shared prosperity for all. To date, there are 3,000 Certified B Corps in over 150 industries and 64 countries, and over 50,000 companies use the B Impact Assessment. For more information, visit https://bcorporation.net/

B Lab Contact: Hannah Munger; Manager, PR & Communications; hmunger@bcorporation.net; +1 212-608-4150

 

 

 

 

 

 

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Why Become a B Corp?

[fa icon="calendar'] Dec 15, 2010 8:06:15 AM / by Bahar Gidwani

Our firm, CSRHUB, recently decided to become a B Corporation.  We filled out a survey, went through several rounds of review, and thought deeply about some of the issues the process exposed.  We always believed we were a positive and progressive company.  We were pleased that our values fit well with those set out by this widely-respected and well-tested standard.

B Corps use the power of business to solve social and environmental problems.  Unlike traditional corporations, B Corps agree to meet social and environmental performance standards, disclose their performance so that it is transparent, and include consideration of all stakeholder interests in their legal structure.

Now that we have been through the B Corp process, I wanted to offer anyone who is thinking about it, three reasons for becoming a B Corp:

  1. The power of reporting.  If you report it, you can measure it.  If you can measure it, you can improve it.  All businesses need to build a feedback loop that helps them improve their long term value.  We could never have built our tool if we did not have thousands of self-reported reports from the companies we rate, to work with.  Our society is based on the sharing of ideas and information.  Be a part of it and make your fair contribution.
  2. You benefit from using a tested process.  When you run a business, you get immersed in its day to day issues.  You can lose sight of what is important—the reasons you started it and have worked so hard to build it.  The B Corp interview was a check list—like making sure the engines on a plane can hit full throttle and that the rudder moves, before you start down the runway.  You want your plane to climb high and fly fast—and you need to be sure your engines are hitting on all cylinders and nothing is stuck in the tail, before you leave the ground.
  3. You get to take a stand.  Our profile system requires people to make decisions about how they feel about issues.  Are they against involvement in Burma?  In favor of nuclear power?  What is most important, good governance or good labor practices?  By becoming a B Corp, I felt we were publicly committing to the principle that businesses can both do well and be an agent for positive change.  (See a previous post on the concept of the “virtuous quadrant.”)  The B Corp community now includes 353 companies.  You can be proud to belong to this group.

It is easier not to report, not to examine one’s own prejudices and practices, and not to state one’s views publicly.  However, the issues addressed by the B Corp process—and by the whole area of CSR and sustainability practice and theory—can’t be avoided.  We are part of a community that intends to change the world and we need to show that we have whole-hearted dedication to our cause.  How could we or any other business who believes as we do, not want to engage in this process?

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[fa icon="comment"] 1 Comment posted in B Corp., B Corporation, Bahar Gidwani, community, corporate social responsibility, CSR, CSRHUB news, dedication to a cause, fairness, reporting, sharing, process, ratings, self-reporting, tool, business responsibility, contribution, measurement

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