Conscience Bay Company LLC

Private equity firm; real estate investments.

Boulder, Colorado

United States

About Conscience Bay Company

Conscience Bay Company LLC (“CBC”) is a private equity firm that invests in agricultural land, water resources, and commercial real estate in Colorado. They implement a diversified real assets investment strategy in a region of rapid growth. Portfolios include asset types such as apartments, office, industrial, water resources and agricultural land. CBC’s principals have over four decades of experience investing in Colorado and have unparalleled local expertise, giving them a competitive advantage in sourcing, evaluating and executing transactions in the region.

CBC is committed to its investors, the community and the natural environment. Through improvements at each property they acquire, CBC continually cuts carbon emissions and resource use in the commercial sector; installs renewable energy systems; implements creative solutions for water conservation and allocation; and engages in sustainable agricultural practices. CBC has found that these investments increase profits, add enduring value to their properties and benefit the community socially and environmentally.

In addition to making direct impacts through investment activities, CBC contributes 1% of annual profits to nonprofit organizations working in the environment, education, and social welfare fields. They also co-sponsor an annual summer event series to recognize and raise funding for local non-profits such as Western Resource Advocates, Slow Money, Emergency Family Assistance Association and The Nature Conservancy.

CBC is committed to improving both the built environment and natural environment through socially responsible investments. Becoming a B Corp is an important part of fulfilling our corporate mission, which equates property ownership with responsibility, and values profits as much as practicing good stewardship.

The Change We Seek®

CBC is trying to solve some major problems that have come along with rapid population growth, the warming climate and a scarcity of resources. The way that communities design cities and manage the built environment; the ways people get food and use water resources -- these are all interconnected and are going to determine the success or failure of the entire Southwest region in which CBC is operating.

Energy systems transformation -- both conservation and the switch to renewables -- is a focus of CBC’s commercial portfolio. When they acquire a commercial property they set out to maximize its energy efficiency, generate renewable energy on-site and incentivize tenants to adopt sustainable behaviors. In general, CBC’s energy portfolio performance far exceeds municipal requirements for energy conservation and use, which they hope will provide inspiration and concrete examples to follow for other building owners in the region.

Resource conservation for the long haul characterizes CBC’s farm and ranch investment strategy. CBC has specific expertise in water resource management. According to President Eli Feldman, “Water is the connection between the agricultural and urban environment. Rather than doing things ‘the old way’ -- which is to buy agricultural water rights and sell them to supply cities -- Conscience Bay’s approach is to lease water for specified periods of time and to support water banking.

What makes us a better company?

B Impact Report

Certified since: 

December 2016

Company Score

Median Score*



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.



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.



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).



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.



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.

Overall B Score

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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