Recycle Track Systems receives B Lab honor

The company was a part of the Best for Environment list that includes businesses with environment scores in the top 10 percent.

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June 13, 2018
Edited by Hilary Crisan
Certification Municipal / IC&I

Recycle Track Systems (RTS), the New York City waste management and recycling company that uses data analytics to improve sustainability, was recognized for creating positive impact as a business based on an independent, comprehensive assessment administered by the nonprofit B Lab, the organization that certifies B Corporations. headquartered in Berwyn, Pennsylvania. Honorees are featured on B the Change, the digital publication produced by B Lab, at bthechange.com/bestfortheworld.

RTS is honored in the Best for Environment list, which includes businesses that earned environment scores in the top 10 percent of more than 2,400 Certified B Corporations. across all categories on the B Impact Assessment. The assessment measures a company's positive impact on its workers, community, customers and the environment. To certify as B Corporations, companies like RTS must complete the full assessment and have their answers verified by B Lab.

The environment portion of the B Impact Assessment evaluates a company’s environmental performance through its facilities, materials, emissions and resource and energy use. Companies answer questions about their transportation/distribution channels and the environmental impact of their supply chain. The assessment also measures whether a company’s products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution or educate, measure or consult to solve environmental problems.

“It is an honor B Corp has recognized RTS as Best for Environment, which is a reflection of our team’s relentless dedication and determined commitment to develop innovative waste management solutions," Adam Pasquale, co-founder and chief operating officer, says. “This shared mission drives us every day to make a positive influence in all we do and hope this recognition will encourage others to do even more to protect the environment.”

The 228 Best for Environment companies come from 72 different industries and 25 countries. B Lab simultaneously released separate lists recognizing B Corporations as Best for the World Overall, Best for Community, Best for Customers, Best for Governance and Best for Workers, which can be found at bthechange.com/bestfortheworld. In the fall, B Lab will release the Best for the World: Changemakers and the Best for the World Funds lists.

“With the rise of anger at a system that feels rigged, people are hungry for companies like Recycle Track Systems, who are changing the system by building businesses that seek to create the greatest positive impact,” Jay Coen Gilbert, co-founder of B Lab, says. “Best for the World is the only list of businesses that uses comprehensive, comparable, third-party-validated data about a company’s social and environmental performance. As consumers, talent and investors increasingly demand transparent, values-aligned businesses to buy from, work at and invest in, companies will need to not just be the best in the world but the best for the world. Not just to be nice—but to be the most successful.”   

There are more than 2,400 Certified B Corporations across more than 150 industries and 50 countries with the goal to redefine success in business. Any company can measure and manage social and environmental performance at bimpactassessment.net.