Q3 2015 Updates
Setting and Tracking Targets
An exciting new feature lets you and and the companies you work with set targets in the assessment and track progress against individual questions and key metrics. Watch the video.
- Provide a useful, free tool for your companies as they grow their business and set management priorities
- Work with your companies to set strategic objectives and goals through this feature as part of active portfolio management
- Engage with the B Impact Assessment on your and your companies’ impact management journey
How to use this feature:
You can track your companies’ (single company or multiple companies together) progress in B Analytics for the key metrics you determine to set goals for with them.
- Next to a question in the assessment, click on the red icon with a green + sign.
- In the new window, enter the start and end date for the target you are setting and indicate the target threshold under “target value”.
- The company will be notified of the new target. They can fill in the “target met criteria” and also add qualitative information as needed.
After you and your companies have set targets and the companies start reporting progress on those, you will be able to log into B Analytics and visualize their performance per below:
Users are already utilizing this new feature alongside the existing free tools available to help companies track and improve their impact performance such as the Customized Improvement Reports and Best Practice Guides available directly to companies. Contact your B Lab relationship manager or email email@example.com to learn more and get started with using this feature.
More Third-Party Metrics in B Analytics
B Analytics has partnered with two non-profit organizations to bring even more third-party impact measurement metrics onto one platform.
The Sustainability Accounting Standards Board (SASB) issues accounting standards uniquely designed to help public corporations disclose material sustainability information to investors via SEC filings. SASB standards are designed to be cost-effective for issuers and decision-useful for investors—the average number of disclosure topics per industry is seven, and 80% of metrics are quantitative. SASB has issued standards for 57 industries, and by 2016 the full set of 80+ standards will be available.
The Smart Campaign’s mission is to provide microfinance institutions with the tools they need to deliver transparent, respectful, and prudent financial services to all clients. The Smart Campaign administers a certification for financial institutions with standards based on their Client Protection Principles, including recommendations on pricing, privacy of data, and complaint resolution, and encourages microfinance investors to incorporate their principles into investment criteria and due diligence in order to build a healthier, more client‐focused industry.
Now, both SASB accounting metrics for public companies and the Smart Campaign’s certification standards for financial institutions will be available within the B Analytics platform, with access to all of B Analytics’ benchmarking, data visualization, and aggregation features.
To learn more about these new metric sets, contact us or sign up for our upcoming joint webinar with SASB on July 29th.
Q2 2015 Updates
Detailed Question-level Data Benchmarking
Assess how your companies are collectively performing compared to a peer group based on the percent of total points they earned for each question they answered from the B Impact Assessment.
Log onto your B Lab portal and open the B Analytics platform. Navigate in the “Benchmark and Report — Companies” section to the Question Level Benchmarking dashboard.
You will see the number of companies you are collecting data on (a) and the number of companies available in the benchmarking universe (b).
Customize your benchmarking peer group by using filters to focus on companies in a specific industry, geographic market, size by employees, among others. In addition, choose filters to focus on data related to a particular impact topic such as job creation, diversity or workforce development.
Then, in the tabular format below, you can view the questions the companies answered and their performance on the question based on the percent of points earned. You can sort the table based on the performance of the companies—see above-average questions first to measure best practices, or see below-average questions first to identify areas for improvement and set strategic priorities with the companies.
The circled number shows the average points earned by all your companies for that specific question. Click on this number to view the points earned by each individual company
If you are a current subscriber, log into your B Analytics platform today to view this data for your companies or contact your B Lab relationship manager to learn more. If you are interested in learning more or becoming a subscriber, please join an upcoming demo or email us with any questions.
Q1 2014 Updates
Analyze Yearly Data Trends - March 2014
Investors and fund managers with multiple years of data for their portfolios can now visualize and export this data for reporting.
Tell us what metrics you are interested in tracking year-over-year and we will help you analyze that data.
Track risk mitigation and disclosure items for your portfolio - February 2014
The disclosure questionnaire features questions focused on issues typically covered by negative screens. This section is not included in a company’s rating, but the information from the questionnaire is provided on a company’s rating report as context for interested investors.
Custom Data Collection - January 2014
Investors (LPs) & Advisors, Fund Managers, and Business Networks now have the ability to customize the data that they collect through the B Analytics platform.
Users can choose for their portfolio companies or members to:
Example: Custom data plus the full B Impact Assessment
Custom questions can be:
- Numbers, Currency, or Percentages
- Multiple choice
Users have the choice of assigning a single set of questions to all their portfolio companies or members or customizing the questions per portfolio company or member
Version 4.0 of the B Impact Assessment - January 2014
B Lab is thrilled to be releasing the fourth version of the B Impact Assessment (BIA) in January 2014. B Lab releases a new version of the B Impact Assessment once every two years based on the guidance of our Standards Advisory Council and feedback from our stakeholders.
Key changes in v4 include:
1. Improvements to the Impact Business Model section that capture variables such as:
This expanded section of the BIA replaces the section previously called “Socially and Environmentally-focused Business Model”, and reflects market demand for a standard and robust framework for measuring business model impact.
2. Shortening of the Operations section of the BIA for small, early stage businesses.
3. New versions of the assessment appropriate for:
- Agriculture companies in the developed markets;
- Companies with more than 1000 employees in the developed markets; and
- Microfinance institutions
4. Increased Granularity in the Workers section
- New questions differentiating impact created by hourly and salaried workers
Fund Assessment Update - January 2014
In the fourth version of the B Impact Assessment, a number of updates have been made to how questions are asked in the Fund Assessment. These changes were made after looking at user feedback and response data. Click here to see a sample v4 assessment.