Rareloop is now a certified B Corp and we could not be prouder! We strongly believe that business should be a force for good and joining a worldwide network of like minded companies is a huge milestone.
Certifying with a score of 91.4 has been a huge team effort over an extended period of time but what does it mean, why is it important to us and how did we do it?
What is a B Corp?
A B Corp is a for-profit organisation that meets the highest standards of social and environmental performance, transparency, and accountability. Through a rigorous independent process, their commitment to people and planet along side profit is measured and verified.
There are more than 1,100 B Corps in the UK and we couldn’t be prouder to join their ranks!
Why did we become a B Corp?
Ever since Rareloop was founded back in 2011 we’ve always had a focus on something larger than profit. This is reflected in our values, the way we treat our team, the clients we choose to work with and what we do with our money.
When we first heard about the B Corp movement back in 2019 it felt like someone else had perfectly articulated our vision for business. We knew immediately we were a B Corp, we just needed to get certified!
How did we become a B Corp?
All organisations seeking to become a B Corp must complete the BIA (B Impact Assessment). The median score after completing the assessment for a typical business is 50.9 but a score of 80 is required to achieve certification. We’re thrilled to have certified with a score of 91.4!
The BIA score covers all aspects of business, including Governance, Workers, Community, Environment and Customers. We are delighted to have scored particularly highly on the Workers section, confirming our strong commitment and continued investment in our people.
Our journey to becoming the sort of business that could qualify as a B Corp has been ongoing since we founded. Here are a few examples of some of the key decision we made along this journey:
- Choosing to partner with fantastic purpose driven organisations and charities to deliver technology solutions that create positive impact
- Promoting a flexible, trusting and transparent workplace culture
- Investing in a strong (and relevant) employee benefits package
- Joining more than 12000 other organisations as an accredited Living Wage Employer
- Measuring and offsetting our CO2 (including our teams personal CO2 emissions)
- Donating ~£15000/year to charities and good causes