Laureate Education

Higher Education Services

Baltimore, Maryland

United States

www.laureate.net

About Laureate Education, Inc.

Laureate Education, Inc. is the largest global network of degree-granting higher education institutions, with more than one million students enrolled across 70 institutions in 25 countries at more than 200 campuses and online. In 1999, Laureate made its first investment in higher education and since that time, has become the global leader in the sector. Laureate offers high-quality undergraduate, graduate and specialized programs in a wide range of disciplines that generate strong interest from students and provide attractive employment prospects for over 60,000 employees, faculty, and staff. Laureate’s programs feature professional-oriented content for growing career fields and are focused on specific academic disciplines, or verticals, that it believes demonstrate strong employment opportunities and provide high earnings potential. Its institutions offer degrees in business, medicine, engineering, design, education, law, hospitality management and dozens of other fields.

Laureate believes society is best served when its students, faculty and entire network use their collective skills and experiences to create positive and enduring change. Laureate students and graduates are improving lives and communities every day. Its institutions are providing the critical skills, knowledge and support to make this happen. This commitment is best expressed through the company’s philosophy of being ‘Here for Good’ and is represented by its conversion to a U.S. Public Benefit Corporation, a new class of corporation committed to creating a positive impact on society. Every Laureate institution makes a commitment to both permanence and purpose in their communities, believing that when students succeed, countries prosper and societies benefit.

Laureate is a trusted partner of governments, NGOs, and world-class independent universities such as the University of Liverpool and the University of Miami. In 2013, the International Finance Corporation, a member of the World Bank Group, invested $150 million in Laureate, their largest ever education investment. Through a partnership with the International Youth Foundation, over 14 Laureate campuses have become hubs for social entrepreneurship in their respective countries. Laureate has also commissioned studies by Millward Brown Vermeer and Zogby Analytics to respectively analyze Laureate student employment outcomes and student sentiments on the future of higher education.

We believe in the power of education to change lives, and remain committed to making an enduring impact in the communities we serve. This has been our focus since our first investment in higher education was made in 1999 and our conversion to a Public Benefit Corporation and B Corp certification reflects a natural progression for us. This process enables us to demonstrate our commitment to social impact, measure it, and continue to expand and strengthen our efforts to be ‘Here for Good’. The B Corp movement’s principles and commitment to rigorous assessment are ones that run concurrent to our own and make us proud to be the largest ever Certified B Corp at the time of our certification.

The Change We Seek®

Laureate seeks to bring current and future students applied, professional-oriented higher education options that prepare them for success in growing career fields. In many developing markets, demand for quality higher education continues to outpace supply, and a commitment to closing this gap is key to Laureate’s mission. Creating lasting change in communities is a natural outcome of this mission, and the company believes that alongside more traditional indicators like financial performance and student outcomes, that this is how performance can and should be measured in the future - and Laureate is proud that to be leading the way.

Making a positive social contribution is not something that happens as a single individual effort at Laureate. This is something the entire Laureate network is committed to, in all they do, every day.

What makes us a better company?

B Impact Report

Certified since: 

December 2015
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.

8
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.

26
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).

19
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.

23
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.

20
6
Overall B Score
96
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: 

Note: For the 2015 assessment, Laureate’s institutions were rolled up into 55 completed B Impact Assessments.  XX/XX indicates number of completed Assessments for whom it is true among those surveyed; the number surveyed varies because institutions completed different tracks of the Assessment based upon location and size

Governance: Registered benefit corporation with expanded fiduciary duty; 100% employees receive training on Code of Ethics, including anonymous hotline; Board reviews KPIs related to the company's social/environmental performance

Workers: 67% of institutions provide private health insurance beyond government plans (37/55); 95% of institutions provide formal performance evaluations for all employees (52/55); 72% of institutions had employee satisfaction >65% (38/53)

Community: 96% of institutions advocate for increased adoption of social/environmental standards or voluntary industry best practices (53/55); 34% of institutions have management teams that are majority female (18/53)

Environment: 90% of institutions have adopted energy efficiency measures at the majority of their facilities (45/50); 84% of institutions have recycling at a majority of facilities (31/37); Almost half of institutions have a formal policy commitment to the environment (24/53)

Customers: Of institutions that track this (42/52), at least 34% of students on average are from traditionally underserved populations; Nearly 60% of students graduate; 100% of institutions track student retention term over term (55/55); 83% of institutions have structured remedial education programs to help underperforming students succeed (43/52)

Laureate Education's Aggregated Scoring Methodology & Overall Scores by Institution - 2015
Laureate Education's Full B Impact Assessment - 2015
Laureate Education's 2017 Disclosure Questionnaire

Miscellany: 

B Lab FAQs

 

Higher Education

 

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Press

  • For Start-Ups, Altruism as an Alternative to Acquisition or I.P.O. Go »
  • Laureate Education Fact Sheet Go »
  • Laureate Education 2016 Global Impact Report Go »
  • Announcement of Laureate Education's B Corp certification Go »

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