The former vice president of CIM Group in Los Angeles, real estate developer Aaron Marzwell has led APPA Real Estate as a chief executive officer since 2013. Under Aaron Marzwell’s leadership, APPA Real Estate received designation as a Certified B Corporation.
Certified by the nonprofit B Lab network, a B Corporation has demonstrated a commitment to high standards in materials, supply chain practices, employee benefits, charitable giving, and more. First, the company must earn a score of 80 or above on a B Impact Assessment, which evaluates environmental and social performance. The company must alter its governance structure to ensure its accountability to stakeholders and shareholders.
Further, a B Corporation must consent to its performance information being included on the B Lab nonprofit’s website, where the public can evaluate it against B Lab standards. To achieve B Corp status, companies undergo a rigorous application and evaluation process that considers teams and departments across the company. B Lab evaluates work processes, structure, and operations to ensure a company’s commitment to people and the planet. To ensure ongoing adherence to these principles, B Corps must undergo recertification every three years.
