We were already cool but now we're certified
EB PREC is officially a Certified B Corporation®!
As of June 2022, we have completed our B Corp Certification process and received our official status as a Certified B Corporation cooperative business.
What does it mean to be a B Corporation?
“B Corps™ are businesses that meet the highest verified standards of social and environmental performance, transparency, and accountability.”
We hold true to our cooperative values, upholding the integrity of our Bylaws, Mission, and Points of Unity and maintaining community control of the Cooperative. One of our most significant points of integrity is in our practice of de-commodifying land: per our Bylaws, we can never sell a community property for profit, thus maintaining affordability and keeping real estate off the speculative market in perpetuity.
Going the extra mile to receive B Corp status most meaningfully shifted our work in the process of measuring the impact of our community real estate model. The impact measurement process generally encouraged us to be more data-driven about the things we already do, e.g. measuring employee engagement/satisfaction, e.g. social and environmental impact of sourcing practices, from the contractors we hire to the materials we use in the office. We appreciated that the B Impact Assessment offered, for example, a menu of equitable and regenerative employee benefits that we could work toward being able to offer in the longer term.
We are so excited for our new status! We see the B Corp movement as a rising tide that lifts all boats, helping effect holistic and long-term transformation across the sectors concerned with our work.
Are you an investor excited about our B Corp status? Join us as an investor owner today.
In 2022, we've set a goal for ourselves to raise an additional $7 Million for our Fund, to support upcoming acquisitions. Invest and join our community of over 400 Investor Owners.
Are you an Oakland-based BIPOC artist? Invest through a Freedom Share subsidy.