Education Funding Partners Honored by B Corp for the Fifth Straight Year
2017 Best for Customers and Workers in Creating Most Positive Impact
Evaluated by Comprehensive B Impact Assessment
September 12, 2017: CHICAGO, IL
Today, Education Funding Partners (EFP) was recognized as being among the companies creating the most positive overall impact on its customers and for its employees based on an independent, comprehensive assessment administered by the nonprofit B Lab. Honorees are featured on B the Change, the digital Medium publication produced by B Lab, at https://www.bthechange.com.
EFP is honored in both the Best for Customers list and Best for Workers list, which include businesses that earned a Customer score in the top 10 percent of more than 2,100 Certified B Corporations on the B Impact Assessment. The full assessment measures a company’s impact on its workers, community, customers and environment. To certify as B Corporations, companies like EFP must complete the full assessment and have their answers verified by B Lab.
The Customer portion of the B Impact Assessment measures the impact a company has on its customers by focusing on whether a company sells products or services that promote public benefit and if those products/services are targeted toward serving underserved populations. The section also measures whether a company’s product or service is designed to solve a social or environmental issue (improving health, creating economic opportunity for individuals or communities, promoting the arts/sciences, or increasing the flow of capital to purpose-driven enterprises).
The Workers section assesses the company’s relationship with its workforce. It measures how the company treats its workers through compensation, benefits, training and ownership opportunities provided to workers. The category also focuses on the overall work environment within the company by assessing management/worker communication, job flexibility, corporate culture, and worker health and safety practices. Honorees scoring in the top 10 percent in these categories set a gold standard for the high impact that business as a force for good can make on customers and employees.
The 182 Best for Customers companies come from 63 different industries and 29 countries. The 156 Best for Workers honorees come from 61 different industries and 21 countries. B Lab simultaneously released separate lists recognizing B Corporations as Best for the World (overall impact), Best for the Environment, Best for Community, Best for the Long Term, Best for Workers and Race to the Top, which can be found along with the listing of Best for the World Funds at https://www.bthechange.com.
“EFP is proud to be recognized by B Lab as a 2017 ‘Best for the World’ company for the fifth year in a row,” said Tom Weeks, CEO of EFP. “Our team is inspired by the B Corp community and our shared mission to use the power of business to support a social good. This honor reinforces that our commitment to public education and focusing on our stakeholders — public school districts, corporations, and the communities they impact — is good for business and good for society.”
Additional 2017 Best for Customers honorees include: AltSchool; Revolution Foods; and Warby Parker. Other 2017 Best for Workers honorees include: King Arthur Flour; KeHE; and Gardener’s Supply.
“Companies like Education Funding Partners are proving that business can be a force for good for all stakeholders,” says Jay Coen Gilbert, co-founder of B Lab. “We’re proud to share their achievement in a meaningful way. Best for the World is the only list of businesses making the greatest positive impact that uses comprehensive, comparable, third-party-validated data about a company’s social and environmental performance.”
A total of 874 Certified B Corporations were named 2017 Best for the World Honorees, including: Patagonia; Seventh Generation; National Co+op Grocers; Business Development Bank of Canada; and The Honest Company. Forty-eight countries are represented, including Afghanistan, Kenya, Nicaragua and Turkey. The selection criteria for Best for the World honorees are available at https://bit.ly/29ZYRSp.
Today there are more than 2,100 Certified B Corporations across more than 130 industries and 50 countries, unified by one common goal: to redefine success in business. Any company can measure and manage social and environmental performance at https://bimpactassessment.net.
Education Funding Partners (EFP) puts the power of Fortune 500 marketing resources to work for public education by linking carefully selected brands and forward-thinking school districts to build successful partnerships. Leading companies engage with millions of parents, students and educators through a new, scalable and comprehensive marketing platform, while districts impacted by the ongoing budget crisis gain sustainable funding solutions. Through a national school district network built by EFP, brands invest in the K-12 community by preserving educational and enrichment programs. EFP is also partners with premier brands in the education industry including Blackboard Inc. and SchoolMessenger to help further its mission to provide its EFP adNet product to as many districts as possible.
EFP (www.edufundingpartners.com) is a certified B Corporation, a for-profit company guided by comprehensive social performance standards. EFP has been Awarded ‘Best for the World’ by B Lab for the past five years and was named one of ‘Five Bright Ideas for Education’ by Harvard Business School. Headquartered in Chicago, IL, EFP is a division of ©2017 Abundant Venture Partners, LLC.
Abundant Venture Partners is a purpose-based incubator focused on improving the human condition by creating companies that enhance human wellness, human performance, and human engagement. The partnership was formed with a core belief that it is still possible to do well while doing good. Abundant seeks to create and invest in early stage companies that share our values and beliefs. www.abundantventurepartners.com.
B Lab is a nonprofit organization that serves a global movement of people using business as a force for good. Its vision is that one day all companies compete not only to be the best in the world, but the best for the world and society will enjoy prosperity for all for the long term.
B Lab drives this systemic change by: 1) building a community of Certified B Corporations to make it easier for all of us to tell the difference between “good companies” and good marketing; 2) passing benefit corporation legislation to give business leaders the freedom to create value for society as well as shareholders; 3) helping businesses measure, compare and improve their social and environmental performance with the free B Impact Assessment; 4) driving capital to impact investments through use of its B Analytics and GIIRS Ratings platform.
For more information, visit https://www.bcorporation.net.
B the Change is a Medium publication, produced by B Lab in collaboration with the community of Certified B Corps and the movement of people using business as a force for good.
B the Change exists to inform and inspire people who have a passion for using business as a force for good in the world. Because we believe that storytelling is an essential element in the transformation of business and society, we commit ourselves to telling the most compelling stories possible to the largest audiences possible to propel the movement of business toward its destiny as a powerful force for good. We want to dramatically broaden and deepen engagement with entrepreneurs, managers, employees, investors and citizens in one of the most important discussions of our time.
Read all B the Change stories at https://www.bthechange.com.
Nancy Kerbs, EFP; firstname.lastname@example.org; 508-333-3488
Callie Rojewski, B Lab; email@example.com; 610-293-0299 ext. 218
- Next City – Can This Stamp of Approval Help Cities Bank Better?
- Natural Products INSIDER – The B Corp Movement and Why It Matters
- Business Insider – Chicago schools budget counts on uncertain funding
This post includes mentions of a partner of MindRocket Media Group the parent company of edCircuit