B Impact Report

Logo for Neotech Products

Neotech Products

Medical devices developed for medically fragile neonates and children.
Certified Since: July, 2020
Location: Valencia, California, United States
Sector: Manufacturing

Overall B Impact Scoreinfo_outline

82.3

The B Impact Scores are being compared against all businesses that have completed the B Impact Assessment

www.neotechproducts.com/

Neotech has been manufacturing innovative medical products for more than 30 years. Products that make a difference in the quality of treatment for neonatal and pediatric patients, their parents, and the clinicians who attend to them.

Their mission is to produce high-quality medical products—manufactured to the highest industry standards—that Make a Difference in the quality of treatment for medically fragile neonates and children, and the caregivers who treat them.

Neotech products are used in the NICU, the PICU, children’s oncology, the home health market, and more. They understand that the quality of products used for these patients is of the utmost importance to clinicians. That’s why they’re proud to say that most Neotech products are made in the United States and all products are sourced in North America. They believe that manufacturing products in the U.S. is good for the economy and benefits customers and patients alike.

They comply to strict FDA and ISO standards.

They are proud to be a Certified B Corporation. The B Corp movement aligns perfectly with Neotech’s core values.

Impact Area Scoresinfo_outline

info_outlineOverall B Impact Score

To certify as a B Corp, a company must achieve a minimum verified score of 80 points on the B Impact Assessment. The B Impact Assessment asks questions about how the day-to-day operations of a company create positive impact for the company’s workers, community, and environment. Additionally, companies can earn further points if their overall business model can be shown to create positive social and environmental impact as well, qualifying the company for specific Impact Business Model points.

Scores for Certified B Corporations are verified by the non-profit B Lab.

info_outlineImpact Area Scores

The questions in the B Impact Assessment are organized into five Impact Areas: Governance, Workers, Community, Environment, and Customers. Click into a Impact Area to see topics covered in each. Topics in blue are Impact Business Models associated with that Impact Area where the company has earned additional credit. Due to rounding, displayed totals may not add up exactly.

The B Impact Assessment is customized to a company's size, sector, and geographic market.  However, within those parameters, there are still questions included in the B Impact Assessment that might not be relevant to a particular company. In cases where a question is not applicable, the potential points available for that question are instead earned based on the performance of the company on the other topics relevant to the stakeholder and summed up as "N/A points." Likewise, a score of N/A for Workers means that the company is a sole proprietor or partnership with no full-time staff, and a score of 0 or N/A for Customers means that the company does not have a specific Customer-focused Impact Business Model.

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info_outlineBest for the World Honoree

Each year, B Lab releases lists honoring the top-performing Certified B Corps in each Impact Area and overall, broken down by size, on the annual Best for the World lists.

info_outlineAdditional Documentation

B Lab may determine that a company should make additional material beyond their B Impact Report transparent in order for the public to be able to evaluate the company’s overall impact. This additional transparency may cover participation in a controversial industry, information shared on the company’s Disclosure Questionnaire, or simply a company’s relationship to a larger complex entity. Public companies and wholly-owned subsidiaries are required to make their full B Impact Assessments transparent to achieve B Corp Certification.