We are now a B Corp™ - bio-bean

News

28th October 2020

We are now a B Corp™

We are extremely proud to announce that we are now a Certified B Corporation™! While we take a moment to celebrate, read on to find out what this means, both for us and for you…

What is a B Corp?

Certified B Corporations are a select group of for-profit companies using the power of business to build a more inclusive and sustainable economy. B Corps are verified, through a rigorous assessment process, to have met the highest standards of “social and environmental performance, public transparency and legal accountability to balance profit and purpose”.

Historically, social and environmental change have relied on governments and non-profit organisations to deliver solutions. But it’s past time for businesses to step up to the plate too, as they have the ability and agility to push forward creative and innovative solutions, enabling the rapid, positive change our planet needs.

And with consumers evermore aware of the behaviours of the brands and businesses they buy into,   it’s more critical than ever that businesses take the lead to both deliver and set an example of what is right, fair and sustainable.

With a strong community of leaders, B Corps are building global awareness and driving a movement of people using business as a force for good™.

Why we wanted to become a B Corp

Initially, we saw B Corp as a gold standard for environmental and social sustainability and wanted to see how we compared whilst identifying areas for improvement. We used the B Corp self-assessment as a framework for this comparison, and soon recognised that our efforts and ambition to achieve even more for both planet and people scored us above the threshold to become a B Corp. Knowing how much the B Corp movement aligns with the direction we want to take the business, we decided to apply for full certification.

Pete Griffiths and George May, our Directors here at bio-bean, said:

“We believe that businesses are the best vehicles for driving change and delivering impact (both social and environmental). We consider that for a business to be successful it must be more than simply profitable. With B Corp fast becoming the gold standard for evaluating the sustainability of a business beyond financials, we wanted to understand how bio-bean compares.

B Corp recognises businesses that are working to bring about change and operate in a way that seeks to benefit the wider community, whilst it also provides a framework for continuous improvement. For us, the ethos behind B Corp is aligned with what we are trying to achieve at bio-bean, so to become a B Corp is a fantastic recognition of the business that the team has built, as well as being a clear marker for the way in which we will operate going forward.

We are extremely proud to be a B Corp. The self-assessment and verification processes are rigorous, and with only 400 B Corps in the UK, certification is something to be valued.

We hope that our suppliers, customers and all stakeholders – knowing that by being a B Corp we are committed to being transparent about our impact and to continuously improving the sustainability of our business – will be emboldened to work with and support us in our purpose to make big change that lasts.”

What our B Corp status means for you

Put simply, it means that in everything we do, we are committed to serving the best interests of people and planet for the long term.

Our new status is by no means the end of our efforts. A notable mark of achievement that we’re proud of, yes, but there is more work to be done and we will continue to drive further improvements in what we do, and how we do it.

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You can find out more about the B Corp movement here and view our B Impact Report here.