Alvinesa Natural Ingredients, a company specialising in sustainable plant-based ingredients, has recently announced its status as a B Corporation.
It joins a growing group of companies reinventing business by pursuing purpose as well as profit.
Alvinesa has been certified by B Lab, the not-for-profit behind the B Corp movement, as having met rigorous social and environmental standards which represent its commitment to goals outside of shareholder profit.
The B Corp standard addresses the entirety of a business’ operations and covers five key impact areas of governance, workers, community, environment and customers.
The process requires applicants to reach a benchmark score of over 80, while providing evidence of socially and environmentally responsible practices relating to energy supplies, waste and water use, worker compensation, diversity and corporate transparency.
To complete the certification, the company will legally embed their commitment to purpose beyond profit in their company articles.
Alvinesa is now part of a community of over 6000 businesses globally who have certified as B Corps. The B Corp Community is reflective of the European economy with businesses from a cross section of industries and sizes.
These include well known brands like Patagonia, Alpro, Triodos Bank, Alessi, Ecoalf and Innocent.
Recent attention on the nutraceutical, food and animal industry makes Alvinesa’s B Corp Certification a notable step, and signals a shift towards greater accountability and transparency in the sector.
Pablo Sanchez, Executive Director of B Lab Spain, says: “This is a movement of companies who are committed to changing how business operates, who believe business really can be a force for good. We know that Alvinesa is going to be a fantastic addition to the community and will continue driving the conversation forward.”
