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FMYI Certified as a B Corporation
December 22, 2010
Last week, after a month-long application process, FMYI was certified as a B Corporation for our commitment to using business to help change the world for better (read Sustainable Business Oregon’s article, “Oregon’s Benefit Corporation roster grows“). B Lab, a nonprofit organization with the vision of creating a new sector of the economy that uses the power of business to solve social and environmental problems, certifies B Corporations.
As a result of more companies joining the B Corporation movement, individuals will have greater economic opportunity, society will move closer to achieving a positive environmental footprint, more people will be employed in great places to work, and we will have built stronger communities at home and across the world.
“This is an exciting moment for us,” said Justin Yuen, FMYI Founder & President. “From our beginning almost seven years ago, FMYI has endeavored to be to be an enduring business with minimum ecological impact and maximum social value. Our B Corporation designation helps us scale our impact by joining other like-minded, innovative companies using business to bring about change.”
The diverse community of B Corporations includes sole proprietors, national brands and global financial intermediaries, ranging from consumer product companies (Dansko, Method, Numi Organic Tea) to business suppliers (BBMG, Give Something Back, New Leaf Paper); from law firms (Hanson Bridgett, Lara Pearson) to local businesses (White Dog Café, Village Books). These companies also represent diverse areas of impact, including environmental practices (Icestone, Seventh Generation), employee engagement (King Arthur Flour, Workplace Dynamics), charitable giving (BetterWorld Books, Untours), or serving low income communities (Agora Partnerships, Indigenous Designs).
The certification affirms that FMYI meets rigorous and independent standards of social and environmental performance, accountability, and transparency. B Lab’s independent Standards Advisory Council (SAC) sets the legal and performance standards that are required to become a B Corporation and oversees the evolution of those standards and the auditing of B Corporations. The legal and performance standards, as well as the members of the SAC, the Board, and the management team, are all transparent to the public on www.bcorporation.net.
