“YPO and B Lab have proudly been on the forefront of supporting chief executives in their efforts to make an impact, and by coming together, we are even better positioned to help them effect sustainable, long-term change," said Scott Mordell, CEO, YPO.
NEW YORK (PRWEB) November 11, 2020
YPO, the global leadership community of more than 29,000 chief executives in over 140 countries, and B Lab, a global network of organizations transforming the global economic system, today announced that they are partnering to engage and combine their resources, knowledge, and networks to create positive impact in lives, businesses, and the world.
“It is now understood that a purpose-led business can be both beneficial to the bottom line and in addressing some of the globe’s biggest challenges,” said Scott Mordell, CEO, YPO. “YPO and B Lab have proudly been on the forefront of supporting chief executives in their efforts to make an impact, and by coming together, we are even better positioned to help them effect sustainable, long-term change.”
"For the past 14 years, B Lab has been working to create a more inclusive, equitable, and regenerative economic system," said Andrew Kassoy, Co-Founder and CEO, B Lab Global. "We're excited to unite these efforts with that of YPO's and their vast network of executive leaders, and through partnership and collaboration realize an economic system that works for all people and the planet.”
A leader in economic systems change, B Lab creates standards, policies, and tools for business. One of B Lab’s core initiatives is B Corp certification, a certification of for-profit companies that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. Currently, there are over 90 YPO member companies that are B Corps, and 10 YPO members are engaged in the governance of various organizations in the B Lab Global Network. Achieving impact beyond profit and lifelong learning are core YPO values and motivate members across the world.
As a result of this new multifaceted global impact partnership championed by YPO’s Sustainable Business Network, B Lab will collaborate with YPO to produce educational programming and events, which will include appearances by various luminary leaders and founders from the B Lab Global Network, as well as global ambassadors and well-known leaders of small to mid-size and multi-national organizations from its network.
YPO will also facilitate introductions between YPO members and the B Lab Global Partner Network for planning and execution of local events, programs, and insight into the noted B Corp certification process. In addition, B Lab will leverage YPO’s in-depth knowledge around creating highly valued chief executive peer-to-peer communities.
YPO is the global leadership community of more than 29,000 chief executives in 142 countries who are connected by the shared belief that the world needs better leaders. Each of our members have achieved significant leadership success at a young age. Combined, they lead businesses and organizations contributing USD9 trillion in annual revenue. YPO members inspire and support each other through peer learning and exceptional experiences in an inclusive community of open sharing and trust. Visit ypo.org for more.
About B Lab:
B Lab is transforming the global economy to benefit all people, communities, and the planet. A leader in economic systems change, our global network creates standards, policies, and tools for business, and we certify companies—known as B Corps—who are leading the way. To date, our community includes over 3,500 B Corps in 70 countries and 150 industries, over 8,000 benefit corporations, and more than 100,000 companies manage their impact with the B Impact Assessment and the SDG Action Manager. Learn more about our global network and movement at BInterdependent.org.