B (benefit) Corporations are a new type of purpose-driven business that create benefit for all stakeholders, not just shareholders. To be certified, companies must complete a rigorous assessment of their business practices to validate their ‘social impact’ credentials. Those that are judged to have achieved higher standards of social and environmental performance, transparency and accountability, receive B-Corp status.
John Spiers, CEO at EQ Investors commented: “We are extremely honoured to be one of the UK’s 50 founding B Corporations. B-Corp certification is to business what Fair Trade certification is to coffee or organic certification is to food. There is a growing demand for companies to channel their solutions towards solving social and environments issues.
We’re always striving to achieve higher standards and becoming a Certified B Corporation aligns with our business goals. We hope that our participation will inspire other companies to get on board.”
“We are delighted to welcome EQ Investors to our founding UK B Corp Community.” said James Perry, Co-ordinator, B Lab UK Launch.
“The B Corp movement is a global community of businesses who are using the power of business to solve social and environmental problems. It includes more than 1,300 businesses in 40 countries and over 120 industries. The UK is well placed to help lead this global movement, and companies such as EQ Investors are a great example of a business taking leadership in their field.”
B Corp certified companies include Triodos Bank, Hootsuite and Ben & Jerry’s. To view EQ’s B Corp profile, click here.