Savvy Rest, Inc.
Virginia, United States
March 2013
Furniture
Manufacturing
United States
Savvy Rest is a Virginia-based natural mattress and organic bedding manufacturer. The company has ranked in the Inc. 500/5000 roster of AmericaÕs fastest-growing companies for three consecutive years. Savvy RestÕs founder, Michael Penny, took an unusual path to business. He lived for 20 years in a yoga ashram, consuming little and owning less. After leaving that community, Penny worked in a mattress store and was struck by two realizations: 1) most people shop for mattresses in a state of tension and mistrust because of traditional selling practices, and 2) most conventional or foam mattresses contain toxic chemicals, particularly flame retardants and pesticides, that threaten both human and environmental health. Penny viewed the bedroom as a key retreat from pollutant exposure, and better sleep as essential to health. In 2003, he opened his own mattress store and in 2006, founded Savvy Rest. Penny made a connection with a natural latex supplier from India, who extended him credit on the strength of a handshake and their shared outlook. Penny chose natural latex, organic wool, and organic cotton as materials for Savvy RestÕs signature mattress because they do not expose sleepers to off-gassing chemicals or pesticide residues.
Overall B Impact Score
Governance 15.1
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.
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.
Governance 15.1
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.
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 21.5
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.
Community 19.9
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.
Environment 23.6
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.
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 0.0
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.