Northumberland malt company awarded B Corporation® status
A Northumberland malt firm has announced it has achieved B Corporation® (or B CorpTM) status.
To complete the certification, Simpsons Malt Limited has legally embedded its commitment to purpose beyond profit in its articles of association. With a B Impact Score of 89.6, Simpsons Malt Limited is believed to be only the second malting company in the world – and first in Europe – to have achieved B Corp status.
The B Corp certification addresses the entirety of a business’ operations and covers five key impact areas of Governance, Workers, Community, Environment and Customers.
The certification process requires a company to provide evidence of socially and environmentally responsible practices relating to energy supplies, waste and water use, worker compensation, diversity and corporate transparency.
Simpsons Malt Limited is now part of a community of 4,000 businesses globally who have certified as a B Corp. The B Corp community in the UK, representing a broad cross-section of industries and sizes, comprises more than 400 companies, including well-known brands such as The Guardian, innocent, The Body Shop and Brewgooder.
Richard Simpson, vice chairman of Simpsons Malt Limited, said: “Following a long and rigorous assessment process, we’re absolutely thrilled to have received confirmation of our B Corp status.
“At the heart of our collective ambition is to sustainably grow our family business for future generations and the five impact areas of the B Corp assessment framework, comprising Governance, Workers, Community, Environment and Customers, gives us the ideal platform to be able to do that.
“We’re very proud to be a part of the growing B Corp community and will endeavour to keep improving our B Impact Score upon each reassessment to highlight a continued commitment to purpose over profit.”
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