B-Lab, an organization in Pennsylvania and New York that promotes the establishment of for-profit “Benefit Corporations” which serve social and public benefit purposes, has established a Global Impact Investing Rating System (GIIRS), which B-Lab says, “aims to drive investment capital toward impactful businesses.”
“GIIRS ratings provide investors with standardized impact metrics for an emerging asset class, helping fund the world’s leading social entrepreneurs. GIIRS ratings are like S&P ratings but for [social] impact instead of risk,” www.giirs.org.”
After a successful Beta launch in the Spring of 2011 with approximately 200 companies and 25 funds, according to the B-Lab Annual Report,