Boulder, CO (PRWEB) January 06, 2012
Renewable Choice Energy today announced its certification as a Benefit, or B Corporation, a new kind of company which uses the power of business to solve social and environmental problems.
Certified B Corporations meet rigorous standards of social and environmental performance, transparency, and accountability while legally expanding their corporate responsibilities to include consideration of stakeholder interests. These performance standards are comprehensive, measuring a company’s impact on its employees, suppliers, community, and the environment. As of July 2011, there were over 425 Certified B Corporations from over 50 industries, representing a diverse multi-billion dollar marketplace.
“We chose to become a B Corporation because of our commitment to walking our talk as an organization,” said Amy Haddon, Director of Business Operations for Renewable Choice. “As industry leaders, we feel it is important for us to adopt best practices in carbon management, sustainability, and corporate social responsibility. Seeking certification as a B Corporation felt like the next, right step for us.”
Unlike traditional corporations, certified B Corporations are legally required to consider the impact of their decisions on their employees, suppliers, community, consumers, and environment. Over the long term, this will lead to a legally recognized new corporate form (like a C Corp or an S Corp) and tax incentives, procurement preferences, and a social stock exchange for sustainable businesses. Six states (MD, VT, VA, NJ, HI, NY) have already passed Benefit Corporation legislation and the city of Philadelphia became the first city to pass a tax break for certified B Corporations in December 2009.
In order to achieve the B Corporation certification, Renewable Choice participated in the rigorous assessment process established by B Lab, the B Corporation certification body. The assessment included frank disclosure of information relating to Renewable Choice’s operations, hiring and promotion practices, environmental management practices, and governance.
Additionally, Renewable Choice has also become a service provider for B Corporations, offering other certified B Corps discounts on Mosaic carbon accounting software.
About Renewable Choice Energy
Founded in 2001, Colorado-based Renewable Choice Energy (RCE) is a leading global provider of greenhouse gas (GHG) measurement services, energy efficiency solutions, renewable energy credits (RECs), and carbon offsets. Renewable Choice works with Fortune 500 companies, small businesses, and residential customers and has worked on over 2,000 LEED® green building projects. Renewable Choice and its clients have received prestigious awards from the EPA and DOE for supporting and expanding the renewable energy market and have been features in hundreds of media outlets including The New York Times, Wall Street Journal, CNN, USA TODAY, and more. To learn more, visit http://www.renewablechoice.com.
About B Lab
B Lab is a nonprofit organization dedicated to using 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) accelerating the growth of the impact investing asset class through use of B Lab’s Growth of Impact Investing Rating System (GIIRS) by institutional investors; and 3) promoting supportive public policies, including creation of a new corporate form and tax, procurement, and investment incentives for sustainable business. For more information, visit http://www.bcorporation.net.
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