Alvinesa Natural Ingredients has announced today it is now a B Corporation (or B Corp), joining a growing group of companies reinventing business by pursuing purpose as well as profit.
Alvinesa has been certified by B Lab, the not-for-profit behind the B Corp movement, as having met rigorous social and environmental standards which represent its commitment to goals outside of shareholder profit.
The B Corp standard addresses the entirety of a business’ operations and covers five key impact areas of governance, workers, community, environment and customers. The B Corp process is rigorous, with applicants required to reach a benchmark score of over 80 while providing evidence of socially and environmentally responsible practices relating to energy supplies, waste and water use, worker compensation, diversity and corporate transparency. To complete the certification, the company will legally embed their commitment to purpose beyond profit in their company articles.
Alvinesa is now part of a community of over 6,000 businesses globally who have certified as B Corps. The B Corp Community is reflective of the European economy with businesses from a cross section of industries and sizes. These include well known brands like innocent, Patagonia, Alpro, Triodos Bank, Alessi, Ecoalf and Innocent.
Recent attention on the nutraceutical, food and animal industry makes Alvinesa’s B Corp Certification a notable step, and signals a shift towards greater accountability and transparency in the sector.
Pablo Sanchez, executive director of B Lab Spain, says the sustainable plant-based ingredients supplier is delighted to welcome Alvinesa to the B Corp Community.
“This is a movement of companies who are committed to changing how business operates, who believe business really can be a force for good,” Sanchez adds. “We know that Alvinesa is going to be a fantastic addition to the community and will continue driving the conversation forward.
“Being able to welcome Alvinesa to the B Corp Community is hugely exciting. Their commitment to doing business differently will be an inspiration to others and really help spread the idea that we can redefine success in business to be as much about people and planet as it is about profit”.
