Welcome to the world of B Corps, where businesses are committed to using their powers for good! Rio Nuevo Chocolate is no exception. In this blog post, we'll dive deep into the world of B Corps and explore Rio Nuevo Chocolate's B Corp score of 111.6.
We'll go through the scoring system, shed light on the assessment areas B Corp considers, and provide you with a comprehensive guide on how to find out about the scores of B Corp companies.
What is a B Corp?
Before we explore the B Corp score, let's get acquainted with the concept of B Corps.
B Corps, short for Benefit Corporations, are businesses that prioritise social and environmental responsibility alongside profit-making. These companies go beyond the traditional goal of maximising shareholder value and instead focus on creating a positive impact on their workers, communities, the environment, and customers.
Rio Nuevo Chocolate's High B Corp Score
We're proud to say that we scored 111.6 on the B Impact Assessment, which is well above the average score of 80.9 for all B Corps. This score reflects the company's exceptional commitment to creating a meaningful difference in various areas that matter most.
Understanding the B Corp Score
The B Corp score is a comprehensive assessment of a company's impact across multiple dimensions. Let's explore the key assessment areas B Corp considers:
Governance: Governance refers to how a company is structured and run, including its legal accountability, transparency, and ethical decision-making processes. A high governance score indicates that Rio Nuevo is committed to upholding strong ethical values, and their decisions prioritise the interests of all stakeholders.
Within Governance the following criteria is assessed:
Mission & Engagement
Ethics & Transparency
Mission Locked
Workers: The workers' category assesses how a company treats its employees, including fair wages, benefits, and work-life balance. A high score in this area shows that Rio Nuevo values and invests in its employees' well-being and growth.
Within Workers the following criteria is assessed:
Financial Security
Health, Wellness, & Safety
Career Development
Engagement & Satisfaction
Community: A company's impact on the local and global community is vital. A strong score in the community category demonstrates that Rio Nuevo Chocolate is actively involved in supporting local communities and addressing social challenges.
Within Community the following criteria is assessed:
Diversity, Equity, & Inclusion
Economic Impact
Civic Engagement & Giving
Supply Chain Management
Environment: Environmental sustainability is a crucial aspect of B Corp certification. The environment category evaluates a company's efforts to reduce its ecological footprint, conserve resources, and adopt sustainable practices.
Within Environment the following criteria is assessed:
Environmental Management
Air & Climate
Water
Customers: The customers' category focuses on how a company ensures customer satisfaction, product safety, and ethical marketing practices.It indicates the company's commitment to delivering quality products while considering their customers' well-being.
Within Customers the following criteria is assessed:
Customer Stewardship
As a small chocolate company, Rio Nuevo Chocolate understands the importance of operating responsibly and ethically. Becoming a B Corp was a natural extension of our commitment to doing good for the people and the planet we share.
We are honoured to be a part of the communities we serve. Our score represents the efforts we make to give back and support local causes, striving to create a lasting positive impact on the chocolate industry as a whole.
How to Find Out About a Company's B Corp Score?
If you're interested in learning about the B Corp score of other companies, the process is simple! Visit the official B Corp website or use their online directory to search for specific companies.
Each B Corp's profile will display their overall score and category scores, providing you with a detailed breakdown of their impact areas.
Understanding the B Corp score and its assessment areas empowers conscious consumers like you to support businesses that align with your values.
As Rio Nuevo Chocolate continues to grow and learn, we remain steadfast in our commitment to being a positive force for change. And we extend our gratitude to you, our valued customers, for supporting our mission and joining us in making the world a better place.
We invite you, our valued customers, to join us on this journey.
By choosing Rio Nuevo, you're not only enjoying delicious chocolate but also contributing to a more sustainable and socially responsible world. Your support empowers us to keep making a difference.
