Penn Foster

Everberg partnered with Two Sigma Impact and BayPine to provide preferred equity to Penn Foster, a leading provider of high school diploma, workforce education, and training solutions. 

Penn Foster is dedicated to helping over 300,000 students each year achieve their goals through affordable, accessible, career-focused learning. Their mission has remained the same since 1890: to enhance the lives of students and clients through the acquisition of skills and credentials that can help them work toward their career and life goals. Together with Penn Foster’s extensive partner network of leading employers, community-based organizations, and academic institutions, Penn Foster closes skills gaps and builds a workforce that is prepared for the future job market. Penn Foster aims to help businesses thrive by mobilizing their individual workers and energizing communities with opportunities for growth and progress. Penn Foster is proud to play a role in the success of over 80% percent of graduates that see improvement within their careers as they inspire the organization to keep finding new ways to further their reach and broaden horizons. Penn Foster is also dedicated to inclusiveness and extends accessibility and usability of portals and program content for students with disabilities including those of vision, hearing, and manual dexterity.

Additionally, Penn Foster has a score of 116 on the B Impact Assessment (companies with scores 80 or above are eligible to become a Certified B Corp).  A company’s B Impact score is comprised of five categories:

(1)   Governance: overall mission, ethics, accountability, and transparency

(2)   Workers: employee compensation and benefits, training, health, and safety

(3)   Community: diverse workforce development and local involvement

(4)   Environment: overall environmental stewardship, including supply chain management, and

(5)   Customers: whether products or services are designed for underserved populations

Penn Foster firmly believes in impact and uses a variety of learner/student level and company level metrics to measure impact KPIs. The B Impact Assessment provides a solid fundamental overview of Penn Foster’s commitment to ESG considerations.