For the ninth year in a row, EFM has scored within the top tier of B Corps in the world and has been recognized for creating extraordinary positive impact at the intersection of working landscapes, conservation and rural economic development based on an independent, comprehensive assessment administered by the nonprofit B Lab. EFM, the first forest management company certified as a B Corporation, scored in the top 5% of certified B Corporations and joins a select group of companies that have achieved this level of recognition for their business practices being “Best for the World.™”
For over fifteen years EFM has been developing climate-smart approaches to natural forest management that are the key to unlocking value in a carbon-constrained future. Thanks to our investors, we have acquired over 100,000 acres across the Western U.S. and these climate-smart approaches allow us to create value beyond producing logs, including improved carbon storage, habitat, climate regulation, and water storage. Additional benefits include community enhancement through the creation of local employment alongside the economic contributions of timber harvests, forest management, and restoration activities.
The full B Impact Assessment evaluates a company’s environmental performance, employee relationships, diversity, involvement in the local community, the impact a company’s service has on those it serves, and more. Long-Term scores are given on a company’s overall mission, ethics, accountability, and transparency. It measures whether the company has adopted a social or environmental mission, and how it engages its employees, board members, and the community to achieve that mission. Honorees scoring in the top 5% set a gold standard for the high impact that business as a force for good can make around the world.
“We are honored to be recognized by B Lab as ‘Best for the World’. At EFM this means continuing to develop natural climate solutions that support increased carbon sequestration in our forests, cold water in our streams, and resilient forested ecosystems.” Kim Foley, Director of Investor Relations for EFM.
The full list of Best for the World honorees can be found at https://bcorporation.net/best-for-the-world-2021.
EFM invests in natural climate solutions across the Americas to create long-term financial value and enduring environmental and social impact. Our investments in forests and at-risk ecosystems use climate-smart approaches to create carbon sinks, protect biodiversity, preserve fresh-water and support local job creation. Our innovative impact investment vehicles, which accept equity, debt and tax-motivated capital, enable the transition to climate-smart forestry across the Western United States and beyond. EFM is proud to be a top 50 Impact Fund Manager and among the top B Corps globally since 2013. Learn more at www.efmi.com
About B Lab
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 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 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 www.bcorporation.net