Merry Year Social Company (MYSC)

Certified B Corporation
Headquarters

Seoul, South Korea

Certified Since

February 2016

Industry

Management consultant - for-profits

Sector

Service with Minor Environmental Footprint

Operates In

South Korea,

Vietnam

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

Overall B Impact Score

Based on the B Impact assessment, Merry Year Social Company (MYSC) earned an overall score of 86.3. The median score for ordinary businesses who complete the assessment is currently 50.9.
86.3
86.3 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 15.3

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 & Engagement4.8
Ethics & Transparency8.0
+ 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 31.2

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.

Financial Security9.9
Health, Wellness, & Safety4.8
Career Development6.9
Engagement & Satisfaction5.7

Community 18.4

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.

Diversity, Equity, & Inclusion4.4
Economic Impact8.0
Civic Engagement & Giving3.7

Environment 5.1

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.

Environmental Management1.6
Air & Climate0.7
Water0.3
Land & Life2.0

Customers 16.0

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.

Customer Stewardship1.5
+ Education1.2
+ Support for Underserved/Purpose Driven Enterprises11.5
+ Impact Improvement1.7

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

2023 Overall B Impact Score86.3
2018 Overall B Impact Score98.8
2016 Overall B Impact Score110.5

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