Eldorado recently received B-Corp certification for our efforts in sustainability and reducing our impact on the environment.
What Exactly Is a B-Corp?
B-Corps are relatively new. Here are some criteria for B-Corps.
Certified B-Corporations, B-Corps for short, are for-profit companies dedicated to using business as a force for good.
B-Corps meet high verified standards of social and environmental performance, transparency, and accountability to all of their stakeholders.
B-Corps use the power of business to solve our most pressing global challenges.
Total combined revenue of B-Corps globally is over $184 billion.
People want to work for, buy from, and invest in businesses they believe in. B-Corp Certification is the most powerful way to build credibility, trust, and value for your business.
Over 6,300 Certified B-Corps in over 80 countries, across 150 industries inspiring tens of thousands of other companies to follow their lead by measuring their impact, changing their corporate structure, and building better businesses.
Unlike traditional corporations, B-Corps are legally required to consider the impact of their decisions on all stakeholders: customers, workers, communities, and the environment.
More than 200,000 businesses are actively following the lead of B-Corps by using B Lab's B Impact Assessment and benefit corporation governance structure.
How B-Corps Get Certified
B-Corp Certification is based on three essential pillars. Alone, none of these pillars are sufficient. It's the combination that makes it unique, credible, and significant.
Verified performance ensures that B-Corps walk the talk. To meet the performance requirement, a company must earn a minimum, verified score of 80 points on the B Impact Assessment, which examines a company's overall impact on its workers, community, customers, and environment.
Transparency builds trust. Once certified, each B-Corp must make its B Impact Report transparent on bcorporation.net, allowing the public to see the areas in which specific companies excel and compare B-Corps' scores against the performance of mainstream businesses.
By meeting the legal requirement for certification, B-Corps are better able to maintain mission as they scale, have more flexibility when evaluating future sale options, and are better prepared to lead a mission-driven life post-IPO.
In June 2010, Eldorado began converting all portable case products to use 100% recycled plastic in the bottles. Today our .5 liter, 24 oz, and 1 liter are all made from PCR. Eldorado is the first bottled water company in the United States to use 100% recycled plastic in its bottles.
Recycled plastic, or RPET (recycled polyethylene terephthalate) bottles are engineered to utilize plastic waste, which otherwise could end up in landfills. The RPET plastic used in Eldorado's new bottle is FDA approved and meets the same rigorous safety standards as virgin plastic bottles.
Less Energy and GHG Emissions
While turning a used plastic bottle into a clean, reusable bottle requires energy and emits carbon, using 100% RPET versus virgin plastic significantly reduces both. Specifically, Eldorado will reduce the energy required to produce its RPET bottle by 77% and reduce its GHG Emissions (Carbon, Methane and Nitrous Oxide) by 58% according to NAPCOR (North American for PET Container Resources).
Products are Manufactured Using Solar Power
Eldorado's manufacturing facility in Louisville, Colorado obtains 50% of its energy needs from the rooftop 100-kilowatt solar electric system, which was installed in September, 2009.