Business

44 UK firms ‘best for the world’

Forty-four for-profit UK companies – including several with tech at their core – have been recognised for creating extraordinary positive impact, based on an independent assessment administered by non-profit B Lab, the organisation announced this week.

bcorpB Lab certifies businesses as B Corporations – or ‘B Corps’ – when they meet rigorous standards of social and environmental performance, accountability and transparency.

There are more than 2,500 certified B Corps globally, including household names like Patagonia, Ben & Jerry’s, Pukka Herbs, Ella’s Kitchen and JoJo Maman Bebe. The ‘best for the world’ honours list recognises those who earn scores in the top 10% of all certified B Corps.

Scores are measured via the organisation’s B Impact Assessment, which looks in detail at a company’s impact on its workers, community, customers and the environment. To certify as a B Corp, companies must complete the full assessment and have their answers verified by B Lab.

Honourees scoring in the top 10% of all B Corps set the gold standard for companies using business as a force for good.

“Best for the world is the only list of businesses that uses comprehensive, comparable, third-party-validated data about a company’s social and environmental performance,” said B Lab co-founder Jay Coen Gilbert.

“As consumers, talent and investors increasingly demand transparent, values-aligned businesses to buy from, work at, and invest in, companies will need to not just be the best in the world but the best for the world. Not just to be nice – but to be the most successful.”

The 2018 list is the seventh annual best for the world list and this year’s UK honourees span industries from communications and banking to retail and energy.

UK honourees

For overall performance
Volans, Tribe Impact Capital, ClimateCare, Ingeus UK, Public, Seetec, Bridges Fund Management, Charity Bank

For commitment to customers
WHEB Asset Management, School for Startups, Media Citizens, Odyssey Labs, Tribe Impact Capital, ClimateCare, Mustard Seed, InspiraFarms, Ingeus UK, Numbers for Good, Limited Resource Teacher Training, Public., ImpactReady, Seetec, Bridges Fund Management, Unforgettable, Charity Bank, Benefacto

For commitment to community
Divine Chocolate, Fluid IT, Inspired Ventures

For commitment to workers
Wholegrain Digital, Business Fights Poverty, ClimateCare, Gong Communications, GoodBrand, Leap, Forster Communications,Simply Business, Tricordant, 18 Feet & Rising, Baxendale

For commitment to the environment
Ossa Organic, igloo Regeneration, Green Element

For commitment to governance
Social Value UK, The Hub King’s Cross, Carbon Analytics, Volans, Good Talent, Faro Energy, GoodBrand, Patients Know Best, Ogunte, Forster Communications, Simply Business, Bridges Fund Management, Charity Bank.

Impossible co-founder Lily Cole said: “We are thrilled with our award and to be part of a growing movement using business to bring about positive change in the world.”

Mustard Seed operations analyst Irma Gross said: “The great businesses of the future will be those addressing the biggest social and environmental problems. Congratulations to all passionate leaders who share our vision, which is to use the power of business to create real change for the benefit of us all.”

Ogunte chief executive Servane Mouazan said: “Governance is a process that we enjoy (really!) because it puts ethics and accountability right at the heart of our existence. It is also a way for our team to model what we preach, and also learn and develop continuously as we adapt to change.”

The 44 UK honourees join a global list of certified B Corps named 2018 best for the world honourees, including: Patagonia, King Arthur Flour Company, and Green Mountain Power. Fifty-two countries are represented, including Denmark, India, South Africa and Taiwan.

In the autumn, B Lab releases the best for the world changemakers and funds lists.

Read the full list of 2018’s honourees.

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