Education Funding Partners was recognized today as a company creating the most positive overall impact on its customers and for creating powerful governance structures to protect its company mission 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 bthechange.com/bestfortheworld.
Education Funding Partners is honored in both the Best For Customers list and Best for Governance list, which include businesses that earned a score in the top 10 percent of each of those categories out of the more than 2,400 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 Education Funding Partners 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 (e.g. improving health, preserving environment, creating economic opportunity for individuals or communities, promoting the arts/sciences, or increasing the flow of capital to purpose-driven enterprises).
The Governance portion of the B Impact Assessment evaluates a company’s overall mission, ethics, accountability and transparency. It measures whether the company has adopted a social or environmental mission, and how it engages its employees, board members and the community to achieve that mission. This section assesses employee access to financial information, customers’ opportunities to provide feedback, and the diversity of the company’s governing bodies. Honorees scoring in the top 10 percent set a gold standard for the high impact that business as a force for good can make around the world.
The 221 Best For Customers companies come from 69 different industries and 32 countries. Additional 2018 Best For Customers honorees include: AltSchool; Sunrise Banks and Wetherby Asset Management. The 233 Best For Governance companies come from 77 different industries and 16 countries. Additional 2018 Best For Governance honorees include: Bridges Fund Management; Assurity Life Insurance Company; Firespring; and Facilities Management Services. B Lab simultaneously released separate lists recognizing B Corporations as Best For The World Overall, Best For Environment, Best For Community, and Best For Workers, which can be found at bthechange.com/bestfortheworld. In the fall, B Lab will release the Best For The World: Changemakers and the Best For The World Funds lists.
“EFP is proud to be recognized by B Lab in 2018 as a ‘Best for the World’ company for the sixth 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 focus on our stakeholders — public school districts, corporations, and the communities they impact — is both good for business and good for society.”
“With the rise of anger at a system that feels rigged, people are hungry for companies like Education Funding Partners, who are changing the system by building businesses that seek to create the greatest positive impact,” said Jay Coen Gilbert, co-founder of B Lab. “Best For The World is the only list of businesses that uses comprehensive, comparable, third-party-validated data about a company’s social and environmental performance. As consumers, talent and investors increasingly demand transparent, values-aligned businesses to buy from, work at and invest in, companies will need to not just the best in the world but the best for the world.”
Today, there are more than 2,400 Certified B Corporations across more than 150 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 http://bimpactassessment.net.
About Education Funding Partners
Education Funding Partners (EFP) is a trusted, simple, and effective digital advertising solution for school districts, education-focused organizations and consumer brands. Leading Fortune 500 companies engage with millions of parents and educators through a new, scalable and brand-safe advertising media vehicle, while districts and education organizations impacted by the ongoing budget crisis gain sustainable funding solutions. Through EFP adNet, the nation’s largest education-based digital ad publishing network built by EFP, brands and agencies reach moms and parents of school-aged children while also investing their media dollars back into the K-12 community. 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 six years and was named one of ‘Five Bright Ideas for Education’ by Harvard Business School. EFP is a division of ©2018 Abundant Venture Partners, LLC (www.abundantventurepartners.com).
CONTACT: Nancy Kerbs, Education Funding Partners – (508) 333-3488 or firstname.lastname@example.org
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 Ratings platform. For more information, visit http://www.bcorporation.net.
CONTACT: Callie Rojewski, B Lab — 610-293-0299 ext. 218 or email@example.com
About B the Change
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 http://www.bthechange.com.