Education Funding Partners Honored by B Lab
Education Funding Partners Honored by B Lab as Best for Customers, Creating Most Overall Positive Customer Impact Evaluated by Comprehensive B Impact Assessment
September 8, 2016: CHICAGO, IL
Today, Education Funding Partners (EFP) was recognized for creating the most positive overall community impact by B the Change Media based on an independent, comprehensive assessment administered by the independent nonprofit B Lab. Honorees are featured in the upcoming fall issue of B Magazine and on B the Change’s digital platform, bthechange.com. They were also celebrated at the first-annual Best for the World Celebration & Awards Ceremony at the University of California, Berkeley’s Haas Business School.
EFP is honored in the Best for Customers list, which includes businesses that earned a Customer score in the top 10 percent of more than 1,800 Certified B Corporations on the B Impact Assessment. The full assessment measures a company and its impact on its workers, community, customers, and environment. The 134 winning companies in the Customer category come from 14 industries and 22 countries.
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. It measures whether a company’s product or service is designed to solve a social or environmental issue (improving education or health, preserving the environment, creating economic opportunity to individuals or communities, promoting the arts/sciences, or increasing the flow of capital to purpose-driven enterprises). Honorees scoring in the top 10 percent set a gold standard for the high impact that business as a force for good can make on employees around the world.
“EFP is proud to be recognized by B Lab as a 2016 ‘Best for the World’ company for the fourth 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 2016 Best for Customers honorees include Warby Parker; Revolution Foods; and AltSchool. The selection criteria for Best for the World honorees are available at https://bit.ly/29ZYRSp. The entire list of 2016 Best for the World honorees can be found at https://best.bthechange.com.
“The companies we are honoring as the best for the world represent the cutting edge of a global movement using business as a force for good. We are inspired by them, and feel deeply honored to join them in this historic and ground-breaking celebration,” said Bryan Welch, CEO of B the Change Media, the multiplatform media company that publishes the quarterly B Magazine.
Today there are more than 1,800 Certified B Corporations across over 120 industries and 42 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 (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 four years and was named one of ‘Five Bright Ideas for Education’ by Harvard Business School. Headquartered in Chicago, IL, EFP is a division of ©2016 Abundant Venture Partners, LLC (www.abundantventurepartners.com).
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.
About B the Change Media
B the Change Media was formed as a partnership between B Lab, the community of B Corporations, and Bryan Welch, former CEO of Ogden Publications (B Corp since 2010). B the Change Media is a multiplatform media company whose mission is to build the world’s largest engaged audience of people with a passion for using business as a force for good. B the Change Media has editorial and operating independence and covers compelling stories about business as a force for good, not just stories about B Corporations. B the Change Media has independent investors and is a subsidiary of B Lab, the nonprofit organization that administers the Impact Assessment and aggregates the B Corporation community. B the Change Media is a Pending B Corporation.
For more information, visit https://www.bthechange.com.
About B Lab
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 rating platform.
For more information, visit www.bcorporation.net.
CONTACT: Nancy Kerbs, EFP – (508) 333-3488 or firstname.lastname@example.org
Megan Brock, B the Change Media – (785) 832-1222 ext. 208 or email@example.com