Education for Good Ltd.

Certified B Corporation
Headquarters

Hong Kong, Hong Kong S.A.R.

Certified Since

February 2016

Industry

Other education

Sector

Service with Minor Environmental Footprint

Operates In

Hong Kong S.A.R.

Education For Good offers innovative, scalable educational and training programs contributing for the development of social entrepreneurship and social innovation in Hong Kong and China. It was founded by Dr. KK Tse, and Mrs. Rebecca Yung, both leading social entrepreneurs in Hong Kong. Vision and Mission: To Inspire Everyone to Become a Changemaker. To Enable Every Business to Become a Social Business In 3 years, Education for Good hopes to promote the B Corp idea and practices to as many companies as possible in Hong Kong and mainland China. In 5 years, Education for Good seeks to create a critical mass of B Corps to collectively drive the transformation of business as a force for good. Achievement of these goals will have major implications for Hong Kong, China and the world at large.

Overall B Impact Score

Based on the B Impact assessment, Education for Good Ltd. earned an overall score of 87.4. The median score for ordinary businesses who complete the assessment is currently 50.9.
87.4
87.4 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 12.1

Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.

Mission & Engagement3.3
Corporate Accountability2.3
Transparency3.9
+ Mission Locked2.5

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.


Workers 24.1

Workers evaluates a company’s contributions to its employees’ financial security, health & safety, wellness, career development, and engagement & satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.

Compensation & Wages8.1
Benefits11.0
Training & Education1.5
Worker Ownership0.7
Management & Worker Communication2.8

Community 37.5

Community evaluates a company’s engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity & inclusion, economic impact, civic engagement, charitable giving, and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.

Job Creation3.0
Diversity & Inclusion6.8
Civic Engagement & Giving7.7
Local Involvement4.7
Suppliers, Distributors & Product0.0
+ Designed to Give14.4

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.


Environment 4.2

Environment evaluates a company’s overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company’s operations and, when applicable its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.

Land, Office, Plant2.1
Inputs0.5
Outputs1.1

Customers 9.5

Customers evaluates a company’s stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels. In addition, this section recognizes products or services that are designed to address a particular social problem for or through its customers, such as health or educational products, arts & media products, serving underserved customers/clients, and services that improve the social impact of other businesses or organizations.

+ Support for Underserved/Purpose Driven Enterprises7.1
+ Serving in Need Populations2.4

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.



Previous Overall B Impact Scores

2018 Overall B Impact Score87.4
2016 Overall B Impact Score91.3

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