Birudo3 Pvt. Ltd.
Goa, India
June 2023
Equity investing - Emerging Markets
Service with Minor Environmental Footprint
India
Today can be called an era of super abundance. We have more food grown now than ever before, we have an endless supply and diversity of material goods. Computing has become super intelligent, communications are miraculous! Each day is a day filled with awe. Yet, we stay dissatisfied with work, mental disorders and stress are on an alarming rise, wealth inequality is rampant and the negative impact we have on the environment is nearing a point of no return. Could we have gotten our priorities wrong? Is our measure of success out of whack? It’s time to set realistic and healthy archetypes of success to measure our lives by. At build3 we believe that there is true success at the end of this road. One that is healthy, safe and mature. One that doesn't feel hollow, one that doesn't have you asking " now what" when you get there. build3 is a startup Studio in Goa focused on investing in early-stage impact startups that care not just about profits, but also about people and the planet. We are an institutional cofounder, we bring community, capability & capital to help scale impact focused startups. We have already built an ecosystem of products, partners, and community that enable early-stage founders to journey from idea to scale.
Overall B Impact Score
Governance 11.7
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 11.7
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 31.8
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 16.3
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 6.7
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.
Customers 30.2
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.
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.