LOS ANGELES--(BUSINESS WIRE)--TriLinc Global LLC (TriLinc), a Certified B Corp, has received Best for the World: Long Term honors from B Lab, joining 186 other certified B Corporations from 79 industries and 13 countries. B Lab has commended businesses that earned a Governance score in the top 10 percent of more than 2,100 Certified B Corporations evaluated through the B Impact Assessment process. The list recognizes companies from 48 countries and includes honorees like the CAPROCK Group, Veris Wealth Partners, and Trillium Asset Management.
TriLinc is an innovative impact investing fund sponsor with a mission to link market-rate returns, positive impact, and scalable solutions. Through its sponsored funds, TriLinc provides growth capital to established small and medium enterprises (“SMEs”) in developing economies where access to capital is significantly limited. Borrower companies must demonstrate the ability to pay market rates, pass TriLinc’s environmental, social and governance (ESG) screens, and commit to tracking and reporting on self-identified impact metrics.
“TriLinc is proud to be recognized by B Corp, as we are completely aligned with the B Lab mission,” said Gloria Nelund, Chairman & CEO of TriLinc. “TriLinc is a purpose-driven company that believes in the power of capitalism to solve social and environmental challenges.”
“Companies like TriLinc Global that build their business to be mission-driven for the long term exemplify what it means to use business as a force for good,” said Jay Coen Gilbert, co-founder of B Lab. “We are proud to recognize their achievement. 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, including Patagonia, Business Development Bank of Canada, and Keene Advisors, Inc., were named 2017 Best for the World Honorees in various categories. The comprehensive assessment measures a company's engagement with and impact on its workers, community, customers, and the environment. To certify as a B Corporation, companies like TriLinc must complete the full assessment and undergo independent verification by B Lab, including periodic onsite reviews.
“Although TriLinc is typically evaluated on its investment activity, B Corp certification goes a step further to assess the impact of our business on all stakeholders, validating the sustainability of our operations and how we have embedded environmental, social, and governance best practices into every aspect of our company’s policies and procedures,” said Melissa Tickle, Senior Impact & ESG Analyst. “Receiving Best for the World recognition demonstrates that we are supporting our mission of doing well by doing good, both at home and abroad, through the entirety of our operations.”
Honorees were announced on B the Change, B Lab’s digital Medium publication. The full list can be found here - http://ow.ly/yUqn30f6zPe
About TriLinc Global, LLC
TriLinc Global is a private impact investment fund sponsor that seeks to provide investors with access to institutional-class, market-rate-return impact investment funds. Through its sponsored funds, TriLinc has developed a systematic approach to the packaging, registration, and distribution of alternative investment products that pursue unique yield-oriented strategies that change the world for the better. For more information, visit www.trilincglobal.com.
About B Lab
B Lab is a nonprofit organization with the vision that one day all companies will 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 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; and 4) driving capital to impact investments through use of its B Analytics and GIIRS Ratings platform. For more information, visit 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, by broadening and deepening engagement with entrepreneurs, managers, employees, investors, and citizens through storytelling, in order to transform business and society. For more information, visit www.bthechange.com.