Cleaning products companies, apparel and energy companies feature strongly in “Best for Environment” rankings released this week. Learn more.
Method Products, Inc., a California company producing natural, nontoxic and biodegradable cleaning supplies, was one of 63 companies to make the “Best for the Environment” list released this week by the non-profit B Lab, dedicated to redefining success in business.
The companies, which span 30 industries across 11 countries, were recognized for having the “most positive environmental impact”, according a B Lab analysis of materials, waste, water and energy use, and the environmental impact of offices, facilities, land, supplies and transportation.
“With so many companies marketing themselves as ‘green’, it’s important to honor those walking the talk,” Jay Coen Gilbert, co-founder of B Lab, said in a statement.
California, Colorado and Vermont companies feature prominently on the list. Honorees include two additional West Coast companies - apparel maker Patagonia, Inc. and New Leaf Paper, a developer of environmentally-responsible paper products. Vermont’s Seventh Generation, maker of household and personal care products, and Colorado’s Namaste Solar an New Belgium Brewing Co., Inc also made the 2013 B Corp Best for the Environment List. Last month, B Lab released its 2013 list of companies that are “Best for the World” in terms of overall transparency and social and environmental impact.
“Each honored company is a Certified B Corporation, a new type of company that uses the power of business for good and meets rigorous standards of overall social and environmental performance, accountability, and transparency,” the organization said in a statement. “Today there are nearly 750 Certified B Corporations across 60 industries and 25 countries, unified by the common goal to redefine success in business.”
The list is unlikely to inspire high net worth investors who indicate their interest in socially responsible investing has declined overall in the past five years. (Younger high net worth investors prove an exception to this trend and report a slightly higher interest). Three-fourths of high net worth investors – who have $5 million up to $25 million in investable assets – define their investment objectives as “purely financial” and 46 percent are skeptical of companies who claim to be socially responsible.