The growing movement of businesses using the power of business to effect positive social and environmental change has spread its wings further with the recent launch of B Corporation in the UK.
At the time of writing, there are 1,452 B Corporations listed in 42 countries across 130 industries. Quite an impressive growth in under seven years since the movement started in 2008.
My business Whole Kids became the first food company in Australia to become a certified B Corporation, and we now have over 70 local B Corps. We’re proud to recognise the 62 Founding UK B Corps at the official launch of B Lab in the UK last week on September 24th, 2015.
James Perry, Director at B Lab UK, said: “Britain has shaped so much of the modern global economy, and remains the world’s leading financial centre. But it’s obvious that the global economy needs to evolve so that profit, people and planet are all served by business. We must consign to history the idea that we have to choose between them. The B Corp movement is enabling businesses to make a positive contribution to all three. We stand on the shoulders of giants here, and are hugely grateful for the welcome we’ve had from an inspiring group of leaders from business, government and the social economy. We look forward to working together with them in this long term endeavour to create a new economy that serves people and planet as well as profit”.
The launch of B Corp in the UK is not only for the number of founding members (including Big Issue, Charity Bank, Cook and Sustainability), but “between them, the UK B Corps have combined revenues of over £425m and over 3,000 employees, working across more than 10 industries. The launch of B Corps in the UK represents the biggest initial community of certified B Corps yet seen globally.”