Prometheus Real Estate Group

Certified B Corporation
Headquarters

California, United States

Certified Since

June 2020

Industry

Real estate - leased property

Sector

Service with Significant Environmental Footprint

Operates In

United States

Founded in 1965, Prometheus Real Estate Group is the largest privately held owner of apartments in the San Francisco Bay Area. Their portfolio includes over 13,000 apartments in the Silicon Valley, Portland and Seattle regions. They invest in real estate long-term and the focus on enduring quality drives every element of what they do - from their selection of locations, design decisions, reinvestments into Neighborhoods and their operating strategy. The company focuses on care and attention to every detail, big and small. They have more than 500 Prometheans, and have a home office in San Mateo, with satellite offices in Portland, Oregon and in the Bay Area. They are a vertically integrated company with four main core competencies in-house: acquisitions/investments, development, value-add renovations and operations/property management. At Prometheus, they believe in Good Living for the Greater Good. Connecting with others in a Neighborly way is one of the foundational elements of their company’s culture, as well as giving time and resources to create positive change in the world.

Overall B Impact Score

Based on the B Impact assessment, Prometheus Real Estate Group earned an overall score of 100.9. The median score for ordinary businesses who complete the assessment is currently 50.9.
100.9
100.9 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 5.3

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 & Engagement1.1
Ethics & Transparency1.6
+ 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 21.8

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.

Financial Security7.8
Health, Wellness, & Safety7.4
Career Development3.0
Engagement & Satisfaction3.5

Community 43.6

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.

Diversity, Equity, & Inclusion4.4
Economic Impact3.8
Civic Engagement & Giving2.9
Supply Chain Management3.1
+ Designed to Give28.6

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 28.3

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.

Environmental Management1.0
Air & Climate2.6
Water1.8
Land & Life1.4
+ Training & Collaboration0
+ Community12
+ Certification3.8
+ Material & Energy Use4.5

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.


Customers 1.8

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.

Customer Stewardship1.8


Previous Overall B Impact Scores

2020 Overall B Impact Score100.9

Additional Documentation

Prometheus Real Estate Group – Transparent Disclosure Report – 2020


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.


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