The nonprofit B Lab announced today on its website that Medora Ventures is an officially certified B Corp, joining a growing community of more than 1,600 Certified B Corps from 42 countries and over 120 industries working together toward one unifying goal: to redefine success in business.
"We are proud to be part of the growing B Corp movement, because we love being in the company of other companies that are doing good," said Rob Lalka, co-founder and partner at Medora Ventures. "We became a B Corp because we have been impressed by how its 1,000+ members are living up to our mantra of working hard at worth doing."
B Corps are for-profit companies certified by the nonprofit B Lab to meet rigorous standards of social and environmental performance, accountability, and transparency. As the B Corps community has grown, it has become the single standard for companies that seek both profits and purpose:
According to the B Corps website: Individually, B Corps meet the highest standards of verified social and environmental performance, public transparency, and legal accountability, and aspire to use the power of markets to solve social and environmental problems.
Collectively, B Corps lead a growing global movement of people using business as a force for goodTM. Through the power of their collective voice, one day all companies will compete to be best for the worldTM, and society will enjoy a more shared and durable prosperity for all.
Rose Marcario, CEO of Patagonia, has stated: "The B Corp movement is one of the most important of our lifetime, built on the simple fact that business impacts and serves more than just shareholders—it has an equal responsibility to the community and to the planet."
Learn more about Medora Ventures becoming a B Corp below:
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