Virginia Community Capital Recognized in First ‘Best for the World’ List
of Businesses Creating Most Overall Positive Social and Environmental Impact
‘Best for the World’ Businesses Score 50% Higher
Than Nearly 2,000 Other Sustainable Businesses
in Most Comprehensive Assessment of Overall Corporate Impact
Top 10% Among More Than 500 Certified B Corps
March 8, 2012: Christiansburg and Richmond - Virginia Community Capital has been recognized as ‘Best for the World’ in a list of businesses creating the most overall positive social and environmental impact. Virginia Community Capital and the other ‘Best for the World’ businesses earned a score in the top 10% of all Certified B Corporations and, on average, 50% higher than the average score of nearly 2,000 other sustainable businesses that have completed the B Impact Assessment.
The B Impact Assessment, governed by the nonprofit B Lab, is the most rigorous, comprehensive, and comparable independent assessment of overall corporate impact and shows the relative value businesses create for society by comparing nearly 200 individual metrics on corporate impact on workers, consumers, suppliers, community and the environment.
“Virginia Community Capital is a leader in the global movement to redefine success in business,” said Jay Coen Gilbert, co founder of B Lab, the organization that certifies B Corporations. “Virginia Community Capital is among the best in the world at being the best for the world.”
“We are pleased with the news of our accomplishments through our B Lab affiliation,” added Jane Henderson, Virginia Community Capital CEO and President. “We feel strongly about the principles espoused by the B Corp certification and our organization has been actively engaged in advancing these principles in all we do.”
‘Best for the World’ businesses include Better World Books, Global Green Energy Corp, Green Building Services, Larry’s Beans, Method Home Products, Moving Forward Education, Namaste Solar, Next Street, Partnership Capital Growth, Piedmont Biofuels, PREM Group, Re:Vision Architecture, RecycleBank, South Mountain Company, Southern Energy Management, SQA Pharmacy Services, The Redwoods Group, and Virginia Community Capital.
Learn more about how Virginia Community Capital creates positive social and environmental impact at bcorporation.net/VirginiaCommunityCapital.
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Virginia Community Capital (VCC) is dedicated to the prospect of building wealth for all through our lending, savings, and advisory services. As a community development financial institution (CDFI), our mission is to offer innovative, flexible financial products designed to support housing and community development ventures, increase jobs, and encourage sustainable communities. In partnership with our for-profit bank, Community Capital Bank of Virginia (CCB), the non-profit VCC offers loan capital broader and more flexible than bank lending in low- to moderate-income communities in underserved geographies and markets. Learn more at vacommunitycapital.org.
B Lab is a nonprofit organization dedicated to building a new sector of the economy that uses the power of business to solve social and environmental problems. B Lab drives systemic change through three interrelated initiatives: 1) building a community of Certified B Corporations to make it easier for all of us to tell the difference between “good companies” and just good marketing; 2) driving capital to impact investments through use of GIIRS Ratings and Analytics; and 3) advancing supportive public policies to accelerate growth of social entrepreneurship and impact investing. To earn certification, B Corps must achieve a verified minimum score (80 out of 200) on the B Impact Assessment and amend their bylaws to legally require their directors to consider the interests of stakeholders, not just shareholders, when making decisions. For more information, check www.bcorporation.net or contact Jay Coen Gilbert at firstname.lastname@example.org.