What is the BBB Torch Award?
In 2003, the Better Business Bureau Serving Denver/Boulder, (BBB) began honoring businesses with the BBB Torch Award for Marketplace Trust. In 2009, the competition evolved to offer the Torch Award to not just one business but to a large business, a small business and a nonprofit organization. The award is a tribute to those who exemplify an outstanding commitment to fair, honest, and ethical practices. The Torch Award illuminates the importance of trust within all types of trade and philanthropy.
The Torch Awards are open to all for-profit and non-profit organizations located within the BBB Serving Denver/Boulder service area. Businesses need to have been in business for at least three years and have a minimum BBB rating of B. Accreditation with the BBB is NOT a requirement.
To compete, small and large businesses must submit an extensive application that demonstrates their commitment to ethics and excellence relating to the following four criteria:
1. Management practices
2. Community/Investors/Stakeholder Relations
3. Communications and Marketing Practices
4. Industry Reputation
To compete, nonprofits must submit an extensive application that demonstrates their commitment to ethics and excellence relating to the following four criteria:
1. Position Statement
2. Ethical Employees and Volunteers
3. Decision Making
4. Marketing and Solicitations
