Practice Makes Perfect Honored as Best for Customers,
Creating Most Positive Impact for Customers
Evaluated by Comprehensive B Impact Assessment
SEPTEMBER 12, 2017, NEW YORK, NY
Today, Practice Makes Perfect was recognized as being among the companies creating the most positive overall impact on its customers based on an independent, comprehensive assessment administered by the nonprofit B Lab. Honorees are featured on B the Change, the digital Medium publication produced by B Lab, at http://www.bthechange.com.
Practice Makes Perfect is honored in the Best for Customers list, which includes businesses that earned a Customer score in the top 10 percent of more than 2,100 Certified B Corporations on the B Impact Assessment. The full assessment measures a company's impact on its workers, community, customers and environment. To certify as B Corporations, companies like Practice Makes Perfect must complete the full assessment and have their answers verified by B Lab.
The Customer portion of the B Impact Assessment measures the impact a company has on its customers by focusing on whether a company sells products or services that promote public benefit and if those products/services are targeted toward serving underserved populations. The section also measures whether a company’s product or service is designed to solve a social or environmental issue (improving health, preserving environment, creating economic opportunity for individuals or communities, promoting the arts/sciences, or increasing the flow of capital to purpose-driven enterprises). Honorees scoring in the top 10 percent set a gold standard for the high impact that business as a force for good can make on consumers around the world. Practice Makes Perfect made the list thanks to our commitment to the right values, executing on our brand promises, and our focus on improving the world.
The 174 Best for Customers companies come from 63 different industries and 29 countries. B Lab simultaneously released separate lists recognizing B Corporations as Best for the World (overall impact), Best for the Environment, Best for Community, Best for the Long Term, Best for Workers and Best for the World: Changemakers, which can be found at http://www.bthechange.com.
Additional 2017 Best for Customers honorees include: AltSchool; Revolution Foods; and Warby Parker.
“Companies like Practice Makes Perfect are proving that business can be a force for good for all stakeholders,” says Jay Coen Gilbert, co-founder of B Lab. “We’re proud to share their achievement in a meaningful way. Best for the World is the only list of businesses making the greatest positive impact that uses comprehensive, comparable, third-party-validated data about a company’s social and environmental performance.”
A total of 846 Certified B Corporations were named 2017 Best for the World Honorees, including: Patagonia; Seventh Generation; National Co+op Grocers; and Business Development Bank of Canada. Forty-eight countries are represented, including Afghanistan, Kenya, Nicaragua and Turkey. The selection criteria for Best for the World honorees are available at http://bit.ly/29ZYRSp.
Today there are more than 2,100 Certified B Corporations across more than 130 industries and 50 countries, unified by one common goal: to redefine success in business. Any company can measure and manage social and environmental performance at http://bimpactassessment.net.
Practice Makes Perfect is a full-service summer school operator that partners with schools to provide high-quality academic summer programming.
Practice Makes Perfect (PMP) was founded in 2010 on the strong belief that all children—regardless of race or socioeconomic status—have an equal potential to compete intellectually in our society. Our summer program utilizes an evidence-based, near-peer mentorship model that matches elementary and middle school scholars with older, high achieving mentors from their same community. The classes are led by Teaching Fellows who are placed under the guidance of an experienced teacher, resulting in a full day of academic experience that is both focused and fun. PMP believes that everyone in the community has an important role to play in ensuring that the next generation can thrive academically, and we leverage all of our stakeholders to drive academic outcomes and increase student engagement. To date, PMP has served over 3,000 students academically and created more than 600 seasonal jobs.
For more information, visit https://www.practicemakesperfect.org
B Lab is a nonprofit organization that serves a global movement of people using business as a force for good. Its vision is that one day all companies compete not only to be the best in the world, but the best for the world and society will enjoy prosperity for all for the long term.
B Lab drives this systemic change by: 1) building a community of Certified B Corporations to make it easier for all of us to tell the difference between “good companies” and good marketing; 2) passing benefit corporation legislation to give business leaders the freedom to create value for society as well as shareholders; 3) helping businesses measure, compare and improve their social and environmental performance with the free B Impact Assessment; 4) driving capital to impact investments through use of its B Analytics and GIIRS Ratings platform.
For more information, visit http://www.bcorporation.net.
B the Change is a Medium publication, produced by B Lab in collaboration with the community of Certified B Corps and the movement of people using business as a force for good.
B the Change exists to inform and inspire people who have a passion for using business as a force for good in the world. Because we believe that storytelling is an essential element in the transformation of business and society, we commit ourselves to telling the most compelling stories possible to the largest audiences possible to propel the movement of business toward its destiny as a powerful force for good. We want to dramatically broaden and deepen engagement with entrepreneurs, managers, employees, investors and citizens in one of the most important discussions of our time.
Read all B the Change stories at http://www.bthechange.com.