City Light Capital

Venture Capital

New York, New York

United States

citylightcap.com

About City Light Capital

City Light Capital is a venture capital firm that invests in early stage companies which provide not only strong financial returns, but also positive contributions to our world. They invest in early stage, for-profit, sustainable businesses that create solutions in Safety and Security, Education and Media, and Energy and the Environment. Their belief and experience demonstrates to us that these businesses can simultaneously benefit the entrepreneurs, their investors and society at large, delivering improvements to our everyday lives.

City Light Capital partners with companies and management teams who share their values and philosophy. Then they attempt to accelerate growth of these early stage businesses by bringing to bear years of successful operating experience, an active network for business development, and our involvement with principals as they pursue returns and impact together.

We became a B Corporation in order to meet like-minded people and work with them to increase and support social investing and entrepreneurship.

The Change We Seek™

As a "double bottom line" investment fund City Light Capital holds that maximizing shareholder value should be realized in more than purely financial returns; it should be about benefits to society and to our environment. They invest in companies that aim to save lives, reduce crime, increase literacy and education, protect individual rights, and promote energy efficiency and conservation.

• City Light will invest in companies whose core solution is designed to address a major social issue. Since the primary social benefit comes from the implementation of the core solution of the portfolio company, social impact is both easier to evaluate and fundamental to the success of the business. City Light will work with the management teams of portfolio companies in order to figure out which social metrics make the most sense to track and report on. This will vary company by company.

• “Everyday Revolutions” is an anthem for them personally and as a company. It inspires them to search for meaningful, pragmatic ways to make an impact. It is not about making a statement, but about making a difference. They give their time, connections and capital to entrepreneurs that make a difference, and they designate a portion of their fees for like-minded nonprofit organizations.

What makes us a better company?

B Impact Report

Certified since: 

May 2008
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.

4
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.

21
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).

32
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.

13
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.

19
6
Overall B Score
88
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: 

Environment: >25% of office supplies come from recycled materials, >25% of energy comes from renewable sources, % of renewable energy use increased annually

Employees: >15% of profits included in profit sharing plan

Community: >20% of expenditures directed toward local suppliers

Consumers: 100% of services provide primary benefit for purpose driven enterprises

Miscellany: 

News

• City Light Capital Company Press Page Go»
Wall Street Journal Q&A with City Light Capital's Josh Cohen  Go»