Consulting leader Pariveda joins the global B Corp community, emphasizing its people-first approach and dedication to using business as a force for good™.
DALLAS, March 4, 2024 /PRNewswire/ — Pariveda, a leading consulting firm dedicated to solving complex business challenges, is proud to announce its certification as a B Corporation™ (B Corp). This certification marks a significant milestone in Pariveda’s journey and demonstrates that it meets high standards of positive impact that reach far beyond its walls to include all stakeholders — workers, communities, customers, and the planet.
Pariveda believes that change is inevitable and transformation is intentional. That’s why the company consciously pursued its B Corp Certification, verifying its 20 years of effort to be the change it wants to see in the world. Pariveda’s path to becoming a Certified B Corp was propelled by several unique company attributes that underscore its commitment to using business as a force for good:
- A holacratic governance structure, empowering employees to become effective leaders
- Operating with greater than 50% of non-managerial employees owning shares of the company, this financial structure is designed to distribute wealth equitably and generate value for its employees, embodying the commitment to shared long-term prosperity
- Board representation with more than 50% women, highlighting a strong commitment to diversity and inclusion
- A requirement for all executive leadership to actively participate in local non-profit boards, reinforcing community engagement at the highest levels
- Transparent salary policies, ensuring employees are treated with equity
“Pariveda is at the next chapter of our business where we’re affirming our intentional design: a people-first model and purposeful profit can work at scale. This certification invites the world to see how doing business for good is possible, no matter the size,” said Margaret Rogers, CEO at Pariveda.
B Lab is a global non-profit organization and the owner of the “Certified B Corporation” trademark.
Facilitated by B Lab, Pariveda underwent a rigorous and extensive review of its enterprise-wide practices and policies and was assessed across five pillars: workers, governance, customers, community, and environment.
Upon conclusion of the yearlong verification process, Pariveda achieved an overall impact score of 103.3, far exceeding the 50.9 median score of all companies that complete the assessment and the 80-point minimum required for certification.
Pariveda will monitor its performance against the B Corp standards, which is a dynamic process of continuous improvement. Additionally, B Corp recertification is required every three years, offering organizations the opportunity to maintain progressive alignment with B Lab’s standards, which evolve according to global changes.
“We’re thrilled for Pariveda to be a part of a global community of companies dedicated to using business as a force for good,” said Eleanor Allen, Advisor to the B Lab Global Board and former B Lab Lead Executive. “As a Certified B Corporation™, Pariveda is paving the way for professional services firms across the globe. It is an example for other larger organizations to see what is possible to achieve with determination and dedication.”
Bruce Ballengee, Founder of Pariveda, reflects on the company’s intentional design, “From day one, Pariveda was built with the vision of being a force for good. Achieving B Corp Certification is a natural progression of our foundational values and a testament to our commitment to the enduring success of our people, clients, and communities.”
As Pariveda joins the global community of over 8,000 certified B Corps, it stands as a beacon for businesses striving to balance profit with purpose. The company’s innovative approach to customer engagement, the annual Hackathon for Social Good offering pro bono work to non-profits across the country, and the measurable community contributions are a testament to Pariveda’s dedication to creating lasting, positive impact.
“For Pariveda, being a B Corp is about setting a new standard in business, where success is measured not just by financial performance, but by the positive impact we create for people and the planet,” shared Tiffany Lentz, Managing Vice President at Pariveda. “We invite our clients, partners, and communities to join us in this effort as we collectively work towards a more inclusive and equitable future.”
One single company can’t change our global economic system, but together, we create a movement. To learn more about Pariveda’s commitment to embracing a business model that balances purpose with profit, ensuring inclusion, equity, and collaborative service to others, visit https://parivedasolutions.com/about/bcorp/.
Read the full press release here.
