‘Business as usual’ is not an option anymore. Recent local and global environmental destruction has made that clear. We need to create a new business model for our economy. The B Corp movement has pioneered a new way of doing business, which requires increased stewardship and balances profit with purpose. B Corps – like BioPak – believe in using business as a force for good.
B Corps meet the highest standards of ethical and environmental performance. Certified B Corporations, or B Corps, are businesses that meet the highest standards of verified social and environmental performance and public transparency. To start the journey towards becoming a B Corp, businesses complete the B Impact Assessment (BIA) which holistically measures business performance and impact across five pillars:
To certify, a business must achieve a benchmark score of 80 or above, and agree to certain legal requirements. To maintain certification, a B Corp must update their BIA and verify their updated score every three years.
Australia and New Zealand are the fastest growing regions of B Corp certification. Over 3,300 certified B Corps, big or small, operate in 150+ industries across 71 countries. Iconic businesses like Patagonia, Ben & Jerry’s, Ecosia, and The Body Shop are all B Corps. Australia and New Zealand are the fastest growing regions for B Corps, with 270 companies currently certified from 46 different industries. The B Corp movement is a community of leaders using business as a force for good. Over 500 B Corps publicly committed to reducing their greenhouse gas emissions to net zero by 2030 at the UN Climate Change conference COP25 in Madrid. This target is 20 years ahead of the 2050 targets set in the Paris Agreement.
You don't have to be a B Corp to contribute to the B Economy. We all have a responsibility not to harm our planet or the people on it. By supporting B Corps over non-B Corps, you can show that everyday consumers and customers care about doing the right thing and want businesses to lead the way. Together, we can spread the B Corporation movement and use business as a force for good.
Information taken from BioPak's website. Read about Zero Waste Week and how we can all create a better future, on our blog.
Planet Friendly Packaging acknowledges the traditional custodians of the land on which we work. Our thoughts go out to everyone affected by COVID-19. Stay safe.
