Eco2Librium, headquartered in Kenya with a US location in Boise, ID, was recently ranked the highest scoring B Corporation in the world by B Lab.
Eco2Librium’s business ventures include producing and selling energy efficient stoves and biomass waste fuels, selling household solar electricity, restoring indigenous forests in degraded areas of the Kakamega Rainforest in Kenya, and offering micro-financing to local Kenyan entrepreneurs. It became a certified B Corporation in 2014. Today, there are over 1,900 certified B Corporations in 50 countries around the world. According to B Lab, “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.”
To become a Certified B Corp, Eco2Librium first completed the B Impact Assessment which “assesses the overall impact of your company on its stakeholders.” This generated a B Impact Report for Eco2Libruim. In its first assessment, Eco2Librium received a score of 148, which was more than enough to become a certified B Corporation. This year, Eco2Librium recertified and in the process, they achieved the highest B Corp score ever awarded, 180.
Dr. Mark Lung, CEO of Eco2Librium, said, “When making any business decision we ask ourselves four guiding questions. Will the business activity create jobs? Will it conserve natural resources? Will it improve the livelihoods of the underserved? Will it make a profit that can be reinvested on the ground to continue its enterprises? Yes to all four questions is the change we seek.” To find out more about Eco2Librium check out their B Impact Report and website.
B Lab is “committed to building a global community of Certified B Corporations™ who meet the highest standards of verified, overall social and environmental performance, public transparency, and legal accountability.” Eco2Librium achieved the highest standard within this global community, illustrating the bright future of social impact for Boise businesses.
If you would like to learn more about Certified B Corporations, you are encouraged to attend one of the quarterly SBDC Idaho B Corp Workshops.