To merit certification, Driptech met rigorous social and environmental performance standards which verify creation of economic opportunity, contribution to strong communities and preservation of a healthy environment. In addition, B Corporations commit to looking out for the interests of not only shareholders, but all stakeholders, including employees, suppliers, consumers, the community, and the environment. In the future, B corporations will potentially become a legally recognized new corporate form (like a C corp or an S corp). Tax incentives, procurement preferences, and a social stock exchange for sustainable businesses are in the works.
Driptech garnered special recognition for excellence in leadership and public benefit, which is inherent in our products and mission. Becoming a B Corporation ensures that our positive social mission will continue to drive the company for the long term. Chrissy Houlahan, B Lab’s Vice President of Services, called Driptech “…a quintessential example of a B Corporation that is using business to alleviate a poverty issue.”
Thank you, B Lab.