Greyston Bakery, Inc.

Baked Goods

Yonkers, New York

United States

greystonbakery.com

About Greyston Bakery

A storied social enterprise, Greyston Bakery has been baking gourmet brownies and good will just north of New York City since 1982. The $6.5 million for-profit bakery is most famous for its long-standing status as Ben & Jerry's brownie supplier and for having an open-hiring policy that provides the people of Yonkers, NY with employment opportunity regardless of work history. Committed to a double-bottom line, Greyston Bakery continues to be a pioneer in the world of social enterprise.

We became a B Corp to engage in the discussion about values-led business and to formally join the movement for a new way of doing business.

Greyston Bakery hires men and women who have little or no credentialed work experience, many of whom have histories of homelessness, incarceration, substance abuse, welfare dependence, domestic violence or illiteracy. All of its profits go to the Greyston Foundation, which operates several intensive self-sufficiency programs in Yonkers, NY, including permanent housing and support services for the formerly homeless, low-income working families; children and youth services including childcare; a technology learning center; health and social services including housing for individuals living with HIV/AIDS; and a community gardens project. Greyston's 120 staff serves over 2200 individuals annually with a total budget of $13 million.

The Change We Seek®

Greyston Bakery is based on a Double Bottom Line with the dual objectives of job creation & personal development for local residents and financial support for the Greyston Foundation.

Greyston Bakery is the nationally leading "Brownie Company". We produce Do-Goodie, the best tasting - highest quality brownies at a great value to the consumer.

Greyston Bakery is a leading model for social enterprise building a coalition with employees, community and shareholders. We properly compensate our employees: fair/living wage, health benefits, and direct participation in the profitability of the company. We train, promote from within, and mentor our employees, who we source from the local community.

Greyston Bakery, through its profit generation, is a substantial source of revenue for the Greyston Mandala, supporting affordable childcare for community, affordable housing for homeless and low income families, and affordable health care for persons with HIV.

What makes us a better company?

B Impact Report

Certified since: 

June 2008
Summary:

Company Score

Median Score*

Governance

Governance

The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.

15
10
Workers

Workers

The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.

18
22
Community

Community

The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.

83
32
Environment

Environment

The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.

19
9
Overall B Score
135
80

80 out of 200 is eligible for certification

*Of all businesses that have completed the B Impact Assessment

*Median scores will not add up to overall

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Company Highlights: 

Environment: 100% facilities LEED certified; Built a LEED certifed factory on redeveloped brownfield

Employees: Open hiring policy creates opportunity for workers with barriers to employment; >5% profits shared with employees; >80% health insurance premiums paid for employees; 6+ weeks maternity leave.

Community: 100% profits go to community development work; 100% company owned by nonprofit; >40% management and Board from previously excluded populations; 84% employees from low-income communities; 100% employees work in low-income communities

Miscellany: 

Greyton Bakery