Namaste Solar

Solar Installation

Boulder, Colorado

United States

www.namastesolar.com

About Namaste Solar

Headquartered in Boulder, Colorado, Namasté Solar is an employee-owned cooperative that designs, installs, and maintains solar electric systems throughout the United States for commercial, non-profit, government, and residential customers. With offices in Colorado, New York, and California, Namasté Solar believes in transforming energy and transforming business through a customized solar experience from start to finish.

At Namasté Solar, we measure profit and success holistically – not just in terms of dollars and cents, but also in terms of employee fulfillment, customer satisfaction, involvement in our communities, impact on the environment, and practicing what we preach. This paradigm felt like a perfect fit with B Corporation’s multi-stakeholder principles. We are excited to be a part of the B Corp community and to contribute to the overall B Corp movement.

The Change We Seek™

Namasté Solar’s mission is to propagate the responsible use of solar energy, pioneer conscientious business practices, and create holistic wealth for themselves and their communities. They practice 100% transparency with all company information, including salaries. All books and meetings are completely open to all co-owners. They review company financial statements and performance against annual goals in their all company Big Picture Meetings, or BPM’s.

As an employee-owned cooperative, Namasté Solar’s co-owners democratically own and manage their company on a one-vote-per-person basis. Each long-term employee can purchase one share of voting common stock after completing a 12-month candidacy period. Only employees can own common stock.

Namasté Solar maintains a 6-to-1 ratio for highest-to-lowest total pay per employee, and each co-owner receives 6 weeks of paid time off each year. All co-owners democratically decide how to retain or distribute their profits. They do not pay individual sales commissions or have individually based performance bonus programs; instead, profits are divided equally among all co-owners based on time-based patronage to the cooperative for a given year.

Each year they donate 10% of their annual profits to their community in the form of: In-kind donations, sponsorships, volunteer days, and contributions.

What makes us a better company?

B Impact Report

Certified since: 

January 2011
Summary:

Company Score

Median Score*

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.

42
7
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.

44
18
Customers

Customers

The Customers section of the Assessment measures the impact a company has on its customers. The section focuses on whether a company sells products or services that promote public benefit, and if those products/services are targeted towards serving underserved populations. Questions in this section will measure whether a company's product or service is designed to solve a social or environmental issue (e.g. improves health, preserves environment or creates economic opportunity to individuals or communities, promotes the arts/sciences, or increases the flow of capital to purpose-driven enterprises).

N/A
N/A
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.

19
17
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.

16
6
Overall B Score
121
55

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: 

Workers: >50% of company is owned by employees; Workers paid >25% above minimum wage; Covers >80% of health insurance premiums for workers

Environment: >50% of facilities are LEED Certified; >15% renewable energy generated on-site; >75% of office supplies from recycled/sustainable materials

Community: >50% of employees participate in company organized community service; >5% of profits donated to charity; Offers employees time off to volunteer; >30% women/ethnic minority Board

2014 Best for the World Overall Honoree

2014 Best for the World Environment