Tuesday, March 30, 2010

Proud to be a Certified B Corporation

That’s B for Benefit, and Driptech recently earned this distinction from B Lab, the nonprofit organization focused on defining a new class of businesses empowered to solve social and environmental problems. Our certification earned us recognition from CSRwire as well.

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.

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