Since mid-last year, Beyond Philanthropy has been in touch with B Labs, the American non-profit organisation which developed the B Corporation certification.
Since mid-last year, Beyond Philanthropy has been in touch with B Labs, the American non-profit organisation which developed the B Corporation certification. B Labs certifies corporations and organisations that meet rigorous standards of social and environmental performance, accountability, and transparency. Among other considerations, B Corps pay particular attention to the creation of benefits for all stakeholders, not just shareholders, the use of renewable energy, and accessibility of the B Corps Impact Report online. By now, there are almost 1,300 B Corps in over 40 countries and 120 different industries, which are all striving not to be the best in but for the world.
Beyond Philanthropy considers itself a social enterprise for two reasons: first, we are in the business of enhancing the impact of our clients’ philanthropic and social investing endeavours and second, all profits made are donated to our charitable sister organisation Forum for Active Philanthropy. Based on this understanding and business model, exploring to become a B Corp was a logical next step. It was an exciting and insightful process to use the Global Impact Investing Rating System (GIIRS) in order to evaluate Beyond Philanthropy’s performance. The result: since May 2015 Beyond Philanthropy has joined the founding class of B Corps in Europe and is amongst the first five B Corp's in Germany.
We are very much looking forward to working together and exchanging ideas with B Labs, other B Corps such as Patagonia or Ben & Jerry’s and all other organisations, that are equally keen to improve and measure their social and environmental impact.