Merry Year Social Company (MYSC)

consulting service, impact investing

Seoul, South Korea

Korea (Republic of)

www.mysc.co.kr

About MYSC

MYSC partners with corporations, government, non-profits, and social enterprises to provide services for social innovation through business. It works to leverage opportunities utilizing human-centered approaches to create shared value (or hybrid value) across sectors.

MYSC provides consulting for large and medium-sized enterprises designing, developing, and implementing sustainable business models through its Social Innovation Lab. Its Development Innovation Lab supports and nurtures social enterprises and ventures aiming to solve social problems in developing countries through Base of the Pyramid (BoP) business and incubations. MYSC has incubated startups teams in Tanzania, Malawai, the Philippines, Cambodia, Vietnam, and Indonesia.

MYSC additionally provides design thinking workshops to spread human-centered design thinking and publishes social content to increase public interest in social innovation and cultivate positive change.

We partner across sectors to deliver solutions to social problems through business. Becoming a B Corp aligns with our core business and further demonstrates our commitment to using business as a force for social good.

The Change We Seek®

MYSC aims for positive social impact by supporting and building a system and culture of innovation to pioneer the social sector in Korea.

What makes us a better company?

B Impact Report

Certified since: 

February 2016
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.

5
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.

37
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).

27
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.

26
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
111
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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