PhilanTech Honored as 'Best for the World' for Creating Most Overall Positive Social and Environment

WASHINGTON - April 17, 2013 - PRLog -- Today, PhilanTech was named "Best for the World" for creating the most overall social and environmental impact. 67 companies worldwide were recognized by the nonprofit B Lab, with the release of the second annual 'Best for the World' list. The B Corp Best for the World List honors businesses that earned an overall score in the top 10% of all Certified B Corporations on the B Impact Assessment, a comprehensive assessment a company's impact on its workers, community, and the environment.

PhilanTech designs, develops, and supports web-based solutions that increase efficiency and impact in the nonprofit sector. Its PhilanTrack® online grants management system reduces the transaction costs of grants administration to help redirect grant funds to program and service delivery.

"PhilanTech is honored to be recognized with these great companies that are doing well by doing good," said Dahna Goldstein, PhilanTech's Founder and CEO. "As a mission-driven company committed to having a positive impact, we strive to deliver the best products and services to meet the needs of nonprofits and grantmakers while also helping them pursue their missions."

Other highlighted companies include Roshan, Afghanistan's leading telecommunications provider, One Pacific Coast Bank, a pioneer triple-bottom line, community development bank, and Cooperative Home Care Associates, the nation's largest worker-owned cooperative, providing high-quality home care services to elders and individuals living with disabilities. The 'Best for the World' companies come from over 25 different industries and 20 countries. 30% of honorees are based outside the US, with 13 companies operating in emerging markets. (Full list of honorees below)

"A company's revenue only tells half the story. Today's most successful businesses must also create a positive social and environmental impact," said Jay Coen Gilbert, co-founder of B Lab, the nonprofit organization that certifies B Corporations and governs the independent third party standard used to generate the comparable assessment of corporate impact. "These companies are competing to be not only the best in the world, but the best for the world."

Each honored company is a Certified B Corporation, a new type of company using the power of business to solve social and environmental problems. They have met rigorous standards of social and environmental performance, accountability, and transparency. Today there are over 700 certified B Corporations, across 60 industries and 25 countries, unified by the common goal to redefine success in business.

B Lab will release separate lists recognizing the companies 'Best for the Environment' (environmental impact), 'Best for the Community' (community impact), and 'Best for Workers' (employee impact) throughout the coming year.

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PhilanTech (http://philantech.com/) is a mission-driven company dedicated to using technology to increase efficiency and impact in the social sector. PhilanTrack® for Nonprofits is a secure web-based grants management system that helps nonprofits find new sources of funding, write grant proposals more efficiently, and manage relationships with funders, all for greater social impact. PhilanTrack® for Foundations streamlines the grants management process for grantmakers, from initial proposal through final progress report, saving time and money for both the grantmaker and its grantees. Learn more at www.philantech.com.

B Lab is a nonprofit organization dedicated to using the power of business to solve social and environmental problems. B Lab drives systemic change through several interrelated initiatives: 1) building a community of Certified B Corporations to make it easier for all of us to tell the difference between "good companies" and just good marketing; 2) promoting benefit corporation legislation to create a new corporate form that meets higher standards of purpose, accountability and transparency; 3) driving capital to high impact investments through use of B Lab's GIIRS Ratings & Analytics platform; and 4) helping all companies measure what matters through use of the B Impact Assessment, B Lab's free confidential management tool for measuring a company's impact on it's workers, community, and the environment. Learn more at bcorporation.net, benefitcorp.net, and giirs.org.

Executives from each honored company available for comment. For more information contact Katie Kerr at katie@bcorporation.net, 610-296-8283.

For the full list of companies, visit http://bestfortheworld.bcorporation.net/