About Monitor Institute
Monitor Institute works with today's most innovative leaders to accelerate the achievement of sustainable solutions to significant social and environmental problems. They do this by surfacing and spreading best practices in public problem solving and pioneering breakthrough next practices -revolutionary approaches to addressing pressing social and environmental challenges.
A new "Fourth Sector" is emerging, blurring the lines between for and non-profit, combining charitable missions and corporate methods in ways that transcend traditional business and philanthropy. We believe B Corporations supported by B Lab can be a true catalyst for the "next practice" in this area, and Monitor Institute values the strategic and operational opportunity to help pioneer and refine this concept in our own business practices.
New ideas for solutions are bursting forth from around the world and across sectors. New leaders, money, and determination are multiplying too, supercharged by emerging technologies that make it possible to do old things in fresh ways, and to try completely new things that weren’t possible before. The result is new hope: opportunities for innovative leaders to develop and achieve breakthrough solutions to significant public problems. Monitor Institute exists to help these innovative leaders succeed.
The Change We Seek™
Monitor Institute works for a world in which new approaches to problem solving and new applications of existing solutions are applied on a large scale to the world's most challenging and intractable social problems-a world in which collaboration within and across sectors helps create meaningful progress that cannot be achieved by individuals and organizations acting in isolation.
• In collaboration with our partners at Doblin, a world-class innovation strategy firm, and Clohesy Consulting, the Monitor Institute has begun to translate corporate innovation processes to fit the work of funders and activists and to explore the potential for developing more-effective innovation systems for the social sector.
• Monitor Institute is committed to helping innovative leaders de-mystify the work of assessing impact and to changing the frame from a methodological debate to a conversation about what is important to know that would improve results. Over the last year, for example, the Institute has worked with the Hawai’i Community Foundation to develop a “Field-Level Scorecard” that helps a network of youth development grantees collectively select meaningful indicators, track trends against those indicators over time, and see—clearly and unequivocally—whether the needle is moving on their issue.
Founding B Corporation
Monitor Institute
- Industry: Management & Financial Consulting
- Product/Services: Consulting
- Location: Cambridge, MA
- http://www.monitorinstitute.com
Summary:
Certified: November 2007| Points Earned | % Points Available | |
|---|---|---|
| Accountability » | 17 | 88% |
| Employees » | 33.9 | 67% |
| Consumers » | 38.8 | 80% |
| Community » | 18.8 | 30% |
| Environment » | 7 | 39% |
| Composite B Score | 115.5 | 61% |
- >80 out of 200 is eligible for certification
- >60% points available = Area of excellence
Highlights:
2008 B Impact ReportEnvironment: >25% of office supplies come from recycled materials, >50% of facilities located near public transit, % of renewable energy use increased annually
Employees: All employees paid a living wage, >15% of profits included in profit sharing plan, >70% of individual/family insurance premiums covered, 6+ weeks maternity leave
Community: >50% of employees are women, >25% of employees take time off for community service, >25% participate in companywide service days, >20% of expenditures directed toward local suppliers, >50% of ownership in same community as 2/3 of workforce, >1000 hours of volunteer service donated
