LifeCo UnLtd Investments

Certified B Corporation
Headquarters

Gauteng, South Africa

Certified Since

March 2017

Industry

Other education

Sector

Service with Minor Environmental Footprint

Operates In

South Africa

LifeCo UnLtd SA is a social enterprise in its 20th year. It has R110m in assets and is invested in Renewable Energy, Architecture and Venture Capital. The LifeCo UnLtd South Africa group consists of LifeCo UnLtd Investments whom is wholly owned by the LifeCo UnLtd Impact Trust. LifeCo UnLtd - Cradle of Champions NPC, a registered not - for profit entity is the sole beneficiary of the LifeCo UnLtd Trust. Having this hybrid structure, enables LifeCo UnLtd South Africa to reinvest returns into its social mission. LifeCo UnLtd South Africa tackles inequality through ownership, reinvested dividends and a focused development mission. It operates nationally and has delivered social impact to over 112 000 beneficiaries and over 5000 young entrepreneurs to date, with just over 124 market-established entrepreneurs in its network currently. It develops, invests in and supports impact enterprises and is a founder member of the Global Social Entrepreneurship Network. LifeCo UnLtd was voted among the top 10 Most Admired NGOs in SA by Ask Africa Trust Barometer.

Overall B Impact Score

Based on the B Impact assessment, LifeCo UnLtd Investments earned an overall score of 130.9. The median score for ordinary businesses who complete the assessment is currently 50.9.
130.9
130.9 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 15.5

The Governance Impact Area evaluates a company's overall mission, engagement around its social and 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 & Engagement4.7
Corporate Accountability4.0
Transparency4.3
+ 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 34.4

The Workers Impact Area evaluates a company's contributions to its employees' financial security, health and safety, wellness, career development, as well as overall engagement and 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 & Wages15.0
Benefits3.3
Training & Education5.4
Worker Ownership0.0
Management & Worker Communication2.6
Human Rights & Labor Policy1.2
Occupational Health & Safety0.7

Community 41.8

The Community Impact Area evaluates a company's engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity, and 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 Creation4.3
Diversity & Inclusion8.6
Civic Engagement & Giving3.1
Local Involvement8.0
Suppliers, Distributors & Product1.1
+ Designed to Give15.6

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 2.8

The Environment Impact Area 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, Plant0.6
Inputs0.8
Outputs0.5

Customers 36.4

The Customers Impact Area 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 and media products, serving underserved customers or clients, and services that improve the social impact of other businesses or organizations.

+ Education7.8
+ Support for Underserved/Purpose Driven Enterprises8.2
+ Serving in Need Populations20.4

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

2017 Overall B Impact Score130.9

Best for the World

Every year, B Lab recognizes the B Corps that have achieved the highest verified scores in the five impact areas evaluated on the B Impact Assessment.

Best For The World: Customers2019
Best For The World: Overall2019
Best For The World: Workers2019
Best For The World: Customers2018
Best For The World: Overall2018
Best For The World: Workers2018

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