Root Energy Inc.

Certified B Corporation
Headquarters

Seoul, South Korea

Certified Since

November 2020

Industry

Other financial services

Sector

Service with Minor Environmental Footprint

Operates In

South Korea

RootEnergy is South Korea's local acceptance solution provider for large scale wind and solar projects, including the operation of a crowdfunding platform specialized in renewable energy projects. On this platform, anyone can fund projects and participate in businesses that generate clean energy and create a positive environmental impact. The local acceptance solution comprises of stakeholder engagement solution, such as organizing and operating of local councils, and community participation which enables crowdfunding of local people for renewable energy projects. The company also provides enterprise services such as RE100 solution and community leading IPP solution. Its overall mission is to "accelerate energy transition to create a sustainable future". Financing, public acceptability, mistaken information about renewable energy are the main barriers to speed up the energy transition in Korea. RootEnergy seeks to solve these problems through community participation in impact investment.

Overall B Impact Score

Based on the B Impact assessment, Root Energy Inc. earned an overall score of 92.6. The median score for ordinary businesses who complete the assessment is currently 50.9.
92.6
92.6 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 10.2

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.

Mission & Engagement2.0
Ethics & Transparency5.6
+ Mission Locked2.5

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 23.9

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.

Financial Security1.6
Health, Wellness, & Safety6.0
Career Development5.4
Engagement & Satisfaction6.2

Community 14.0

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.

Diversity, Equity, & Inclusion3.6
Economic Impact6.5
Civic Engagement & Giving1.5

Environment 11.9

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.

Environmental Management6.4
Air & Climate2.2
Water0.3
Land & Life3.0

Customers 32.4

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.

Customer Stewardship4.5
+ Support for Underserved/Purpose Driven Enterprises27.9

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.



Previous Overall B Impact Scores

2024 Overall B Impact Score92.6
2020 Overall B Impact Score93.8

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