B Corporations are businesses that give back to the community by following a set of guidelines for transparency, accountability and that pledge a certain amount of profits for a greater purpose.
Five B Corporations You Should Know
- Salt Spring Coffee, Canada
B Impact Score: 118.4/200
Salt Spring Coffee is a fair-trade organic coffee company that works with the Nicaraguan farmers to sustainably farm, sell and serve the highest grade of coffee beans on the market. Salt Spring hopes to pave the way for the coffee industry in producing eco-friendly packaging and contributing meaningful donations. The company does this by donating to innovative, eco-conscious projects through their 1% for the Planet fund. These donations have allowed the company to co-found a Canadian waste-reduction initiative, help install solar panels for isolated Nicaraguan farmers and assist a women-run Ugandan farming co-op.
- Hora Salud, Chilé
B Impact Score: 117.8/200
Hora Salud is a simple user-friendly app for the rural Chilean populace that allows individuals to schedule and cancel appointments and check-ups online without wasting time. The app uses SMS to schedule and cancel doctors appointments. This allows already-sick individuals to avoid the burden of traveling to a Health Center and waiting in line for hours to book an appointment. Hora Salud may also be used in tandem with other markets to spread relevant information including weather, national emergencies and public policies. Their mission is to “Improve the quality of people’s lives, optimize service delivery and decision making with reliable and quality data.” As one of many B Corporations, Hora Salud promotes healthy business practices and opportunities for rural Chilean people.
- BioCarbon Partners, Zambia
B Impact Score: 177.3/200
BioCarbon Partners (BCP) operates in and outside of Zambia to offset carbon emissions in the atmosphere by sponsoring payment for eco-friendly business operations. BCP is an African leader in the reforestation carbon offset program. With a mission to “Make conservation of wildlife habitat valuable to people,” BCP is cultivating an ecosystem that protects one of Africa’s largest migration sanctuaries. The company prioritizes community engagement and partnership to incentivize forest protection through long-term habitat protection agreements. BCP calculates the amount of carbon that is not released into the atmosphere due to its project and generates sales of these forest carbon offsets through independent external auditors. BCP then reinvests this revenue into conservation and development projects in local communities that rely on wildlife habitat for income. BCP has created 87 jobs for Zambians and continues to create opportunities for wildlife and humanity alike.
- Avante, Brazil
B Impact Score: 136.1/200
Avante is the largest benefactor of small businesses in Brazil with more than $200 million invested to serve “micro-companies” that are typically pushed out of the financial industry. Avante functions as a non-conventional financial technology service that uniquely combines credit, insurance and payments. It is currently the largest MFI in Brazil. Avante’s mission is to “humanize financial services,” through a combination of empowerment, ethical business practices and acknowledgment that small businesses are the foundation of a strong economy.
- Alma Natura, Spain
B Impact Score: 153.8/200
Alma Natura established B Corporation status in 2013 to give back to the Sierra de Huelva community of Spain. The first institution of the business began as a nonprofit. It eventually evolved into a limited partnership as Alma Natura continued to invest in rural businesses, guiding them towards a more sustainable and ethical future. With their increased profits, Alma Natura gave back by funding education, technological development and sanitation, ensuring financial equality and sustainable practices in towns with less government funding. Not only has Alma Natura functioned as a business consultant to guide rural communities towards a more equitable economic future, but their commitment to preserving the planet and providing care and education to disadvantaged agricultural centers places their ranking high among businesses that take responsibility for the betterment of humanity.
– Natalie Williams