Imani Development, a privately owned economic development consultancy firm, has been named a 2022 Best for the World™ B Corp™ in recognition of its exceptional positive impact on its Customers.
Best for the World is a distinction granted by B Lab to Certified B Corporations (B Corps) whose verified B Impact Scores in the five impact areas evaluated in the B Impact Assessment — community, customers, environment, governance, and workers — rank in the top 5% of all B Corps in their corresponding size group.
Out of 5,000 Certified B Corporations worldwide, Imani Development earned this honour because of targeted initiatives directed at serving underserved populations. Specific projects include the AgriFI Kenya Challenge Fund and Enterprise Zambia Challenge Fund projects, which are supporting the inclusion of smallholder farmers into agri-business value chains. Both projects aim to increase incomes and food security for at least 250 000 smallholder famers who lack access to services or inputs. The organisation earned an overall score of 55.7 for customer stewardship through it services, reflecting an impact business model that’s intentionally designed to create specific positive outcomes for stakeholders.
Accepting this recognition, Imani Development’s Managing Director, Mirabel Bausinger said, “It’s such an honour to have been recognized as a Best For The World™ B Corp based on our impact on customers. This recognition is very significant as it comes at a time when we are celebrating our 40th anniversary. It further validates our commitment to serving clients and beneficiaries ethically. We operate in a very dynamic and volatile environment which requires agility, innovation and integrity. In Swahili, Imani means “faith” and “confidence”, this has been and still is our approach to our clients and project beneficiaries. Our declaration of global vision and local knowledge means that we are able to borrow from international best practice, blend it with our local knowledge and then adapt that to local best-fit.”
Every year, Best for the World recognizes the top-performing B Corps creating the greatest positive impact through their businesses. More than a badge of honor, Best for the World provides an opportunity for recognized companies to share knowledge, learnings, and best practices with the B Corp community and businesses outside of the community to encourage innovation and transformation across the business sector. The full lists are available at bcorporation.net.
The Best for the World recognition is administered by B Lab, the global nonprofit network that certifies and mobilizes B Corps, which are businesses that meet high standards of positive social and environmental performance, accountability, and transparency. Today, there are more than 5,000 B Corps across 80 countries and 155 industries, unified by one common goal: building an inclusive, equitable, and regenerative economic system.
“Each Best for the World edition is an opportunity to raise the bar for how businesses can and should operate to create real and lasting positive impact for their workers, customers, communities, and the environment,” said Dan Osusky, Head of Standards and Insights at B Lab Global. “While no company is perfect and even the best companies can and should continue to strive to improve, the B Corps recognized as Best for the World can provide us all — standards setters, B Corps, non B Corps, and sustainability advocates — with inspiration on what true leadership in business can look like to make progress on addressing our current global challenges.”
B Corp Certification doesn’t just evaluate a product or service, it assesses the overall social and environmental impact of the company that stands behind it. To achieve B Corp Certification, a company must meet a score of at least 80 points on the B Impact Assessment, an evaluation of a company’s positive impact, and pass a risk review, an evaluation of a company’s negative impact; change their corporate governance structure to be accountable to all stakeholders, not just shareholders; and exhibit transparency by allowing information about their B Corp Certification performance to be publicly available on their B Corp profile on B Lab’s website.
About Imani Development: Imani Development is a private economic and development consultancy firm that facilitates the process of economic growth and poverty reduction in the developing world, with a particular focus on East and Southern Africa. For 40 years the company has been providing a range of specialised services for
private-sector firms, governments, policymakers, development agencies, regional and international organisations. Key service areas include private sector development, trade and regional integration, and economic development.