Certified B Corporation: PlayWood won the first prize
- 17 November 2017
A Certified B Corporation or B Corp is a new typology of Company, which on purpose respects the highest standards of verified social and environmental performance, legal accountability and public transparency.
We are proud to share with our community that on October the 10th 2017 PlayWood was chosen between three start-ups and has been awarded with a project aimed to support the company in obtaining the B Corp Certification released by B Lab.
The prize was assigned by Ayming Italia, an international group specialized in Business Performance Consulting during the event SustainABility & B Corp, the new example of how to do business that took place in Rome at Villa Blanc – LUISS.
B Corps distinguish themselves on the market from all the other realities.
Their goal goes beyond the monetary target and they work to optimize their positive impact on the employees, the community and the environment.
B Corps community is rapidly growing at global level as well as in Italy.
Thousands of B Corps in the world represent a positive solution, which adds value to the whole society.
Compared to other sustainable businesses, B Corps are:
68% donate at least 10% of profits to charity
47% use on-site renewable energy
18% use suppliers from low-income communities
55% cover at least some of health insurance costs for employees
45% give bonuses to non-executive members
28% have women & minorities in management
PlayWood perfectly matches these standards and the contribution to the local business development such as Makers and Designer is a tangible example.
Respect for the environment, improvement of the local businesses by strengthening the network and attention to the customer evolving needs are some of PlayWood business core pillars.
B Lab is a nonprofit organization that serves a global movement of people using business as a force for goodTM. B Lab’s vision is that one day all Companies will compete to be best for the world and, as a result, the society will enjoy a more shared and durable prosperity.
B Lab promoted its vision by building a global community of Certified B CorporationsTM who meet the highest standards of verified, overall social and environmental performance, public transparency, and legal accountability.