RGREEN INVEST, a French independent fund manager and “Entreprise à mission” since 2021, announces attaining B Corp certification, a globally recognized designation for companies dedicated to meeting the highest standards of social and environmental performance, transparency and accountability.
B Corps are for-profit organizations that develop their growth strategy around a business model whose activity benefits not only all stakeholders but the Common Good.
The certification is conferred by the global non-profit network B Lab. Using the B Impact Assessment, B Lab evaluates companies on a set of criteria divided into five categories: Community, Customers, Environment, Governance and Workers.
The assessment process measures a company’s social and environmental impact by analyzing its operations, business model, internal policies and partnerships, as well as the impact of its activity on its workers, customers, communities and the environment. Social contributions, indicators used to track and measure impacts and the methodology used are closely examined to ensure a positive, tangible and sustainable outcome.
To be certified, companies must obtain a minimum of 80 points. By achieving certification, companies commit to continuous improvement and undergo a reassessment every three years to ensure they continue to meet the rigorous and evolving B Lab standards.
There are currently over 6,400 B Corp certified companies, including 200 in France, spanning more than 160 industries across 89 countries.
“Two years ago, we acquired the status of “Entreprise à mission” (mission-driven company), a specifically French distinction established through the Loi Pacte, “whose raison d’être” (purpose) to ‘combat climate change by accelerating the energy transition and society’s adaptation by financing infrastructure with a positive and sustainable impact on the environment, local populations and territories is now written into our statutes,” explains Julien Commarieu, Head of ESG, Risk & Compliance at RGREEN INVEST. “Beyond serving to strengthen our ESG and CSR criteria, the B Corp designation reinforces on an international scale our commitment to meeting the highest standards of environmental and social impact as we pursue a strategy of sustainable development and geographic diversification.”
B Corp™ Movement
The B Corp movement is a global movement of People Using Business as a Force for Good®. Together, we are shifting our economic system from profiting only the few to benefitting all, from concentrating wealth and power to ensuring equity, from extraction to regeneration, and from prioritizing individualism to embracing interdependence.
B Lab is the nonprofit network transforming the global economy to benefit all people, communities, and the planet. B Lab creates standards, policies, tools, and programs that shift the behavior, culture, and structure of capitalism. We mobilize the global B Corp community towards collective action to address society’s most critical challenges, and we collaborate with governments, academia, coalitions, and other institutions to drive economic systems change.