This workshop was run exclusively for our portfolio companies in September 2020 to provide an overview of the Benefit Corporation Certification and what it means for companies.
With 2020 bringing a shift in cultural awareness and a biological pandemic, the need for us to work together to effect social and environmental change has never been more critical.
As many of us look to understand how we make our organisations more inclusive and sustainable, we've seen increasing interest in B Corp Certification from our portfolio.
In this workshop, we welcomed James Ghaffari, Director of B Corp Certification at B Lab UK to discuss the process of becoming a Benefit Corporation, the B Corp Certification, and how it can have a positive impact on your employees, your community, and the environment.
We also heard from two companies in the Balderton portfolio about their experience in the process and what it’s meant for them.
- Justine Porterie - Head of Sustainability at Depop, a fashion marketplace targeting primarily younger audiences with sustainability at the heart of their brand values. Depop is in the process of obtaining their certification but has not completed it yet.
- Dr. Mohammad Al-Ubaydli - CEO and Founder of Patient Knows Best, an app that provides patients with their real-time healthcare record. Patient Knows Best is already B Corp certified, and renews their certification regularly.
The B-Corp Movement
Benefit Corporation was started with a belief that we’ve been experiencing a historic global culture shift in which we are progressively moving away from businesses being in some way a contributing factor to the number of the global challenges we’re experiencing today. The B-Corp Movement wants to harness the power of business and direct it to a new way of operating, in which we can harness the immense power and innovation of businesses to try and help address some of society's greatest challenges to build a more inclusive, equitable and regenerative economy. That is the central principle behind the B-Corp movement.