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Ellevate Network Earns B Corporation Certification
Global network for professional women commits to rigorous standards of social and environmental performance, accountability and transparency.
NEW YORK, NY – April 5, 2016 – Ellevate Network, a global women’s network serving as the essential resource for professional women who create, inspire and lead, today announced that it has officially become a Certified B Corporation. B Corporations are a new kind of company that use the power of business to address society’s greatest challenges. Ellevate Network joins the rapidly growing movement of more than 1,600 Certified B Corporations from 130 industries, across 48 countries including companies like Etsy, Warby Parker, and Ben & Jerry’s.
“Ellevate Network believes in the positive impact of women in business. Our mission is to help women advance in the workplace, both for themselves and the greater good,” said Kristy Wallace, President of Ellevate Network. “We strive to hold ourselves to a higher standard as we support our community of professional women and we believe that by driving positive change for our communities, the environment and our employees, we can create a better business. We are very honored to join this global movement.”
Unlike traditional corporations, Certified B Corporations are legally required to consider the impact of their decisions on their employees, suppliers, community, consumers, and environment. The B Impact Assessment grades a company on 17 categories of social and environmental topics. Questions range from whether the company pays above a living wage to whether the company sources its products from women or minority-owned businesses. B Lab, the non-profit that developed the B Impact Assessment, envisions that in a generation’s time, all businesses, not just sustainable businesses, will measure and manage their impact. And as a result, businesses in the future will not only compete to be the best in the world, but to be the best for the world.
“It is great to join a community of businesses that are in it for the right reasons,” said Wallace. “We look forward to tracking and measuring our own impact, and will continue to serve as a model to other businesses to show that mission-driven business can be financially strong and create real, positive change.”
About Ellevate Network
Ellevate Network is a global women’s network, serving as the essential resource for professional women who create, inspire and lead. Our mission is to help women advance in the workplace by providing a community to lean on and learn from. Together we #InvestInWomen
As a Certified B Corporation, Ellevate is recognized as a leader in the global movement of companies using the power of business to solve social problems and redefine success in business. We believe in the positive impact of women in business. And now, more than ever, is the time to close the gender achievement gap.
The world is a better place when women are connected and Ellevate provides a platform for action. Membership helps women at all career stages to achieve professional success and to invest in other women.
About B Corporations
Certified B Corporations are leaders of a global movement of people using business as a force for goodTM. They meet the highest standards of overall social and environmental performance, transparency and accountability and aspire to use the power of business to solve social and environmental problems. There are more than 1,600 Certified B Corporations in over 130 industries and 48 countries with 1 unifying goal – to redefine success in business.
About B Lab
B Lab is a nonprofit organization that serves a global movement of people using business as a force for goodTM. 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 as a result society will enjoy a more shared and durable prosperity. B Lab drives this systemic change by:
1. Building a global community of Certified B Corporations who meet the highest standards of verified, overall social and environmental performance, public transparency, and legal accountability;
2. Promoting Mission Alignment using innovative corporate structures like the benefit corporation to align the interests of business with those of society and to help high impact businesses be built to last;
3. Helping tens of thousands of businesses, investors, and institutions Measure What Matters by using the B Impact Assessment and B Analytics to manage their impact -- and the impact of the businesses with whom they work -- with as much rigor as their profits;
4. Inspiring millions to join the movement through compelling story-telling by B the Change Media.