B Lab is a nonprofit organization dedicated to using the power of business to solve social and environmental problems.
©Copyright 2012 B Lab. All rights reservedAbout Clean Fund
The mission of Clean Fund is to enable intelligent energy investments. They do this by providing 100% financing for energy efficiency and renewable energy improvements of commercial and industrial properties. Their innovative project finance structure is called Property Assessed Clean Energy or PACE, and their team includes individuals who created the concept and who have helped pass the enabling legislation. Initially centered in California, Clean Fund’s business is expanding nationwide as cities and counties across the country launch their own PACE programs.
We became a B Corp because the B Corp philosophy and structure provide us with an essential guide and benchmarking mechanism as our business grows and evolves.
The innovation of PACE finance is a public-private structure that allows private capital to profitably deliver public goods. Government provides marketplace rules and contributes the property tax mechanism to support loan repayment, thereby enabling the private sector to profitably invest in energy efficiency and renewable generation projects. The result is a stable, long-term “win-win” in the form of job creation, more profitable businesses, healthier buildings and a cleaner environment. Clean Fund believes this simple alignment of public and private interests provides a far more powerful mechanism for achieving massive energy and environmental benefits than rules, regulations and appeals to conscience.
The Change We Seek™
Clean Fund is working to make investments in energy efficiency and renewable energy deliver bottom-line financial benefits to commercial property owners and tenants. They believe that creating economic motivation is the key to stimulating the many billions of dollars of investment needed to significantly improve the energy performance of America’s commercial buildings. With these buildings accounting for eighteen percent of total annual energy consumption in the U.S., the opportunity for a positive environmental, health and economic impact is enormous.
Clean Fund LLC
- Industry: Credit Provider
- Product/Services: Energy financing
- Location: Tiburon, CA
- Ownership: Private
- http://www.cleanfund.com
Summary:
Certified: December 2010| Points Earned | % Points Available | |
|---|---|---|
| Accountability » | 9 | 90% |
| Employees » | 32 | 71% |
| Consumers » | 40.7 | 83% |
| Community » | 32.3 | 43% |
| Environment » | 11.9 | 60% |
| Composite B Score | 125.9 |
- >80 out of 200 is eligible for certification
- >60% points available = Area of excellence
Highlights:
From B Impact AssessmentEnvironment: >5% of office energy comes from renewable sources and that percent increases annually.
Employees: >All full-time and part-time employees are paid a living wage. > Full-time employees and their families have their health insurance premiums paid for by the company.