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Economy

B Corp UK launches to redefine success in business

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Today sees the launch of the B Corp community in the UK.  This is a global movement that is redefining success in business. 61 companies have now been awarded B Corp status in the UK – representing the biggest initial community of certified B Corps yet seen globally.

Regular companies exist for the interests of their shareholders. B Corps are companies where the interests of employees, communities and the environment rank alongside those of shareholders. B Corps are also required to change their legal documents so that employees, communities and the wider environment rank alongside shareholders in decision making processes. B Corps formally commit to the B Corp community principles through signing a declaration.

Global B Corps include Patagonia, Hootsuite, Ben & Jerry’s and Change.org and Kickstarter.   Today, we celebrate the 61 UK businesses which have certified as B Corps.  These include Ingeus UK Limited, The One Brand, Cotswold Fayre, Bates Wells Braithwaite, Cook, Sustainability, Volans and 50 more.  Between them, this community of companies have combined revenues of over £340 million and over 2,900 employees, working across more than 10 industries.  The launch of B Corps in the UK represents the biggest initial community of certified B Corps yet seen globally.

James Perry, Director at B Lab UK, said: “Britain has shaped so much of the modern global economy, and remains the world’s leading financial centre. But it’s obvious that the global economy needs to evolve so that profit, people and planet are all served by business. We must consign to history the idea that we have to choose between them. The B Corp movement is enabling businesses to make a positive contribution to all three. We stand on the shoulders of giants here, and are hugely grateful for the welcome we’ve had from an inspiring group of leaders from business, government and the social economy. We look forward to working together with them in this long term endeavour to create a new economy that serves people and planet as well as profit”.

The launch today pays homage to the legacy of the UK in shaping and setting the pace for change in the markets over the last 200 years, starting from the Quakers and Rochdale Pioneers.

The B Corp movement has gathered phenomenal momentum in the UK as investors, commissioners, employers and consumers recognise that companies which create positive social and environmental impact, and which treat their workers with respect and operate with good governance, are the best of businesses. This is the future of UK business: to contribute positively to people planet and to profit.

The energy of the UK B Corp community joining the global movement will be captured at a high profile launch event today in Camden.  Over 500 attendees from global and UK B Corps will come together with sponsors, business leaders and senior policy makers to celebrate the launch of the B Corp movement in the UK.

Michele Giddens, Co-founder and partner – Bridges Ventures, a certified B Corp, said: “At Bridges, we have spent the last 13 years investing in businesses combining commercial success with positive social or environmental impact. So we are very excited about the official launch of the B Corp certification in the UK.  We hope it will give even more impetus to this burgeoning ‘profit with purpose’ movement, and raise awareness of the enormous value it can create, both for investors and for society as a whole.”

David Schluter, Founder – Fluid IT, a certified B Corp, said: “Fluid IT provides outstanding support and managed services to charities, social enterprises and businesses. The people who provide our great services to our clients are different – many come from the employment and training opportunities we source from rehab programmes, prison training schemes and youth engagement charities. Fluid IT is a business and we pride ourselves on our service delivery. We also have a very clear purpose and commitment to solving social problems. In B Corps, we finally have a vehicle that enables us to scale the business, and holds us to our mission.”

Any business interested in people, profit and planet should consider becoming a B Corp. To find out more, visit: www.bcorporation.uk.

About B Lab UK

B Lab UK is a UK not-for-profit which exists to support a community of UK-based B Corps. It supports businesses to join and contribute to the global movement, and links the UK B Corps with the other B Corps around the world. It has applied for charitable status and a decision from the Charity Commission is pending. B Lab UK is coordinated by experienced entrepreneurs and a team of specialists in areas of UK policy, standards and networks.

List of 61 UK founding B Corps (alphabetically) 

Bates Wells Braithwaite LLP
Be Inspired Films
Benefacto
Bethnal Green Ventures
Bridges Ventures LLP
Carbon Analytics
Charity Bank
ClearlySo Limited
ClimateCare
Cook Trading Ltd
Cotswold Fayre Ltd
Counter Culture
Elvis & Kresse
Enterprise Projects Ventures Ltd
EQ Investors
EQi Group
Escape the City
Fluid IT
Folk Digital Ltd
Forster Communications
Futerra Sustainability Communications
Generation Investment Management LLP
Good Talent
Ingeus UK Ltd
Inspiris
ISTAG cic
Land of Ed
Lily’s Kitchen
Macphie of Glenbervie Ltd
Maseco
Matter&Co
Neighbourly
Numbers4Good
Odyssey Labs LTD
Ogunte
On Purpose
One Stone
Outcomes for Children (Core Assets Group) Ltd
Patients Know Best
Pelorus Consulting
Power of Youth
Salt Communications UK
Shoremount
Six Degree People
Social Stock Exchange
Staffordshire Chambers of Commerce
SustainAbility
Swarm Partnership
The Big Issue
The One Brand
The Social Investment Consultancy
The TYF Group
Transformation Development Partnership LLP
Transition Force Ltd
Tricordant
Trustees Unlimited LLP
Twelve Winds Consulting
Unforgettable
Volans
Volume 48
Yoti

Economy

A Good Look At How Homes Will Become More Energy Efficient Soon

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energy efficient homes

Everyone always talks about ways they can save energy at home, but the tactics are old school. They’re only tweaking the way they do things at the moment. Sealing holes in your home isn’t exactly the next scientific breakthrough we’ve been waiting for.

There is some good news because technology is progressing quickly. Some tactics might not be brand new, but they’re becoming more popular. Here are a few things you should expect to see in homes all around the country within a few years.

1. The Rise Of Smart Windows

When you look at a window right now it’s just a pane of glass. In the future they’ll be controlled by microprocessors and sensors. They’ll change depending on the specific weather conditions directly outside.

If the sun disappears the shade will automatically adjust to let in more light. The exact opposite will happen when it’s sunny. These energy efficient windows will save everyone a huge amount of money.

2. A Better Way To Cool Roofs

If you wanted to cool a roof down today you would coat it with a material full of specialized pigments. This would allow roofs to deflect the sun and they’d absorb less heat in the process too.

Soon we’ll see the same thing being done, but it will be four times more effective. Roofs will never get too hot again. Anyone with a large roof is going to see a sharp decrease in their energy bills.

3. Low-E Windows Taking Over

It’s a mystery why these aren’t already extremely popular, but things are starting to change. Read low-E window replacement reviews and you’ll see everyone loves them because they’re extremely effective.

They’ll keep heat outside in summer or inside in winter. People don’t even have to buy new windows to enjoy the technology. All they’ll need is a low-E film to place over their current ones.

4. Magnets Will Cool Fridges

Refrigerators haven’t changed much in a very long time. They’re still using a vapor compression process that wastes energy while harming the environment. It won’t be long until they’ll be cooled using magnets instead.

The magnetocaloric effect is going to revolutionize cold food storage. The fluid these fridges are going to use will be water-based, which means the environment can rest easy and energy bills will drop.

5. Improving Our Current LEDs

Everyone who spent a lot of money on energy must have been very happy when LEDs became mainstream. Incandescent light bulbs belong in museums today because the new tech cut costs by up to 85 percent.

That doesn’t mean someone isn’t always trying to improve on an already great invention. The amount of lumens LEDs produce per watt isn’t great, but we’ve already found a way to increase it by 25 percent.

Maybe Homes Will Look Different Too

Do you think we’ll come up with new styles of homes that will take off? Surely it’s not out of the question. Everything inside homes seems to be changing for the better with each passing year. It’s going to continue doing so thanks to amazing inventors.

ShutterStock – Stock photo ID: 613912244

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Economy

IEMA Urge Government’s Industrial Strategy Skills Overhaul To Adopt A “Long View Approach”

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IEMA, in response to the launch of the Government’s Industrial Strategy Green Paper, have welcomed the focus on technical skills and education to boost “competence and capability” of tomorrow’s workforce.

Policy experts at the world’s leading professional association of Environment and Sustainability professionals has today welcomed Prime Minister Teresa May’s confirmation that an overhaul of technical education and skills will form a central part of the Plan for Britain – but warns the strategy must be one for the long term.

Martin Baxter, Chief Policy Advisor at IEMA said this morning that the approach and predicted investment in building a stronger technical skills portfolio to boost the UK’s productivity and economic resilience is positive, and presents an opportunity to drive the UK’s skills profile and commitment to sustainability outside of the EU.

Commenting on the launch of the Government’s Industrial Strategy Green Paper, Baxter said today:

“Government must use the Industrial Strategy as an opportunity to accelerate the UK’s transition to a low-carbon, resource efficient economy – one that is flexible and agile and which gives a progressive outlook for the UK’s future outside the EU.

We welcome the focus on skills and education, as it is vital that tomorrow’s workforce has the competence and capability to innovate and compete globally in high-value manufacturing and leading technology.

There is a real opportunity with the Industrial Strategy, and forthcoming 25 year Environment Plan and Carbon Emissions Reduction Plan, to set long-term economic and environmental outcomes which set the conditions to unlock investment, enhance natural capital and provide employment and export opportunities for UK business.

We will ensure that the Environment and Sustainability profession makes a positive contribution in responding to the Green Paper.”

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