Chroma Earns B Corp Certification
Bellows Falls, VT (July 1, 2013) - Chroma Technology Corp. of Bellows Falls, Vermont is now a certified B Corporation. Employee-owned since its start, and with a strong commitment to precision manufacturing, customer service, and social justice, Chroma sought the certification after recognizing the natural alignment between the two organizations.
“Being a Certified B corporation allows us to show the world what we mean when we talk about our corporate responsibility and how we fulfill our commitments to our customers, our employee owners and the community at large,” said Chroma Technology founder and president Paul Millman.
Chroma joins more than 775 corporations in 27 countries representing 60 industries that use the power of business to help solve social and environmental problems. Certified B Corporations must meet rigorous, independent and transparent standards for social and environmental performance. By being certified as a B Corporation, a company’s social enterprise platform is written into its corporate governance and directors of B Corporations are required to consider the effect of decisions not only on shareholders, but also on other stakeholders, such as workers, community, and the environment.
About Chroma Technology
Chroma Technology Corporation is a unique, award-winning, 100% employee-owned leader in filter designs and manufacture of precision optical filters and coatings. From its inception, Chroma has worked closely with the community of molecular and cell biologists, scientists, physicians and other partners to develop the best possible solutions for applications requiring precision optics. Learn more at www.chroma.com.
About Certified B Corporations
Certified B Corporations meet rigorous standards of social and environmental performance, legally expand their corporate responsibilities to include consideration of stakeholder interests, and build collective voice through the power of the unifying B Corporation brand. Learn more at www.bcorporation.net.
About B Lab
B Lab is a nonprofit organization that serves a global movement to redefine success in business so that all companies compete not only to be the best in the world, but the best for the world. B Lab drives this systemic change through a number of interrelated initiative: 1) building a community of Certified B Corporations to make it easier for all of us to tell the difference between "good companies" and good marketing; 2) passing legislation to accelerate growth of social entrepreneurship and impact investing (12 states have already passed benefit corporation legislation); 3) driving capital to high impact investments through the use of GIIRS Ratings and Analytics (more than 60 investors with over $3B in impact assets under management use GIIRS); and 4) providing free, powerful tools for businesses to measure, compare and improve their social and environmental performance (more than 7,000 businesses use B Lab's free B Impact Assessment).
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