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Mission-Led Employee-Owned Firms Top Charts

Mission-led employee-owned firms offer an alternative to conventional publicly-traded companies. With support from Partners for a New Economy, Fifty by Fifty‘s research demonstrates, mission-driven employee-owned firms are the Best of the Best.

Using data from B Lab, which assesses the social and environmental impact of B Corps, Fifty by Fifty found these firms outperform on multiple measures. Overall “B” Scores average 20 points higher for mission-led employee-owned than B Corps that are not employee owned, and 100 percent higher than ordinary businesses.

Mission-led employee-owned companies include:

  • Recology, a $1.2 billion waste management company employing 3,500 guided by its vision of “a world without waste”
  • Zevin Asset Management of Boston with 20 employees
  • Cooperative Home Care Associates with 2,300 mostly low income women of color
  • Eileen Fisher, the first US fashion house to pursue a safe chemical-certification program for its textiles of organic cotton and linen
  • EA Engineering, an environmental consulting company
  • Heritage Aviation, providing aircraft inspection and maintenance, a pilot lounge, and heated hangars in Burlington, VT

At Fifty by Fifty, their mission is to expand employee ownership to 50 million workers by 2050. That sounds like a great goal to me. Read the full report.

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Benefit Corporation: Accountability Matters

Benefit corporation governance provides increased accountability. Most of our financial capital is allocated and stewarded through a system that has a primary goal of creating financial return. This goal directs the real economy, where shareholders treat corporations as accountable for financial results, but not for their economic, social or environmental impact. Continue Reading →

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