BOSTON//June 12, 2018//Today, Boston Common Asset Management was recognized for creating extraordinary positive impact as a business based on an independent, comprehensive assessment administered by the nonprofit B Lab. Boston Common is honored in the Best For The World Overall list, which includes businesses that earned scores in the top 10 percent of more than 2,400 Certified B Corporations across all categories on the B Impact Assessment.
The assessment measures a company’s positive impact on its workers, community, customers and the environment. To certify as B Corporations, companies like Boston Common must complete the full assessment and have their answers verified by B Lab.
The full B Impact Assessment evaluates a company’s environmental performance, employee relationships, diversity, involvement in the local community, the impact a company’s product or service has on those it serves, and more. Honorees scoring in the top 10 percent of all B Corporations set a gold standard for companies using business as a force for good.
“Boston Common is proud to be named a “Best For The World” Honoree,” said Geeta Aiyer, Founder and President of Boston Common Asset Management. “In part, this is in recognition of our tenacious, often pathbreaking, shareowner engagement work, urging companies to manage for the long term by improving their products, policies and practices. As active investors dedicated to the pursuit of financial return and social change, we know that the path to long-term returns runs through sustainability—and as a firm we are committed to ‘walking our talk’ by looking for innovative ways to incorporate the sustainable practices we seek in our portfolio companies into our own company culture.”
The 226 Best For The World Overall honoree companies come from 92 different industries and 30 countries. B Lab simultaneously released separate lists recognizing top-performing B Corporations as Best For Environment, Best For Customers, Best For Governance, 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.
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.
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 will 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.