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B Impact Assessment Paper

510 Words3 Pages

With the completion of the B Impact Assessment, Rachio received a score of 78.5 out of 200 points. Although Rachio has above average environmental, governance, community engagement, and employee relation standards, there are steps the company can make to improve their overall impact as a business and become B certified. Rachio’s positive environmental impact aside from conserving water for customers has a lot of potential to grow. To improve the environmental score on the B Impact assessment, we recommend implementing additional sustainable practices within the corporate office. Tracking and reviewing water and energy use, along with waste and greenhouse gas emissions will provide an understanding of the company’s environmental footprint, and what changes should be made to reduce these. Tracking and setting targets for reduction could increase your B Impact Assessment …show more content…

Expanding the Board of Directors to include members with community and environment expertise will provide useful viewpoints on how to contribute to the environment and community within the company’s capabilities. Meaningful contributions to the environment and community will strengthen the company’s reputation and image, which can lead to financial gains. The board of directors should take action to amend corporate governing documents to require the consideration of employees, community, and environment or other legal action to preserve the mission. These documents ensure the company’s purpose through its lifetime, which would show a commitment to your mission, and would improve your B Impact Assessment score by 7.5 points. We believe the additions to the board of directors and the legal documents to protect the mission of the company can be accomplished in the short-term and will have extremely positive impacts for everyone involved in the company and its

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