Becoming a B Corp™
A Business balancing profit and purpose
Since the very beginning we have had our sights set on becoming a B Corp™ company - to meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose.
About B Corp™
In January 2021, we hired our first freelancer to help us work through the B Impact Assessment. Having previously worked at Parley for the Oceans and being an active volunteer in Extinction Rebellion, Catarina has a fantastic knowledge and understanding of sustainability and the environmental crisis which we are facing.
It took us 6 months to work through the assessment criteria; refining each area of the business and identifying where we needed to improve. It also meant speaking openly with our suppliers, planning for the future and assessing our overall strategy as a business.
What made Oliver Co a B Corp?
During the assessment we showed that we are building an ethical and sustainably driven business from the ground up.
Most notably we scored highly within our product design, governance and the way we look after our customers.
Overall, the minimum B Corp score for certification is 80, and Oliver Co. scored 100.3
The process of completing the B Impact Assessment taught us so much. As a small company our focus has mostly been around our manufacturers and product design, with less preparation for when the business grows. Since working through the BIA, we have now enhanced our policies and practices pertaining to our mission, ethics, accountability and transparency.
There are also many areas of improvement. As we grow, we must learn to contribute to the economic and social well-being of the communities in which we operate. We must continue to expand our diversity as well as improve our overall environmental stewardship through measuring our impact closely and setting KPIs for the future.