Creas Impacto, a benchmark for impact investing, has been certified as B Corp for its compliance with the highest standards in terms of social and environmental performance, transparency and corporate responsibility.
The B Corporations (or B Corps) are a growing group of companies that are reinventing business, using their market power to develop a more inclusive and sustainable economy. They lead a global movement of people using the power of business to make a positive impact.
Emilio Ayanz, Creas partner comments: “we are very satisfied with this milestone. On the one hand, it represents an opportunity to revive the pioneering spirit with which we were born more than 10 years ago, and again, to also be pioneers, as on previous occasions, as the first fund in Spain certified as B Corp. On the other hand, Obtaining the certification and the effort to maintain it and sustain it in the long term, provides coherence and rigor with the what, how and why of what we do. Finally, because creating a world with meaning involves creating and growing communities with shared purposes, such as the B Corp business community.”
The B Corp Certification measures management performance throughout the company and covers five key impact areas: Governance, Workers, Community, Environment and Customers. The certification process is rigorous, you must score more than 80 points and provide evidence of socially and environmentally responsible practices, including energy supply, water and waste use, workers' compensation, diversity, and corporate transparency. To complete the certification, the company must legally incorporate its commitment to the social purpose into the bylaws of its company.
Pablo Sanchez, Executive Director of B Lab Spain, states: “We are delighted to welcome Creas Impacto to the B Corp community. This community works to reduce inequality, respect and regenerate the environment, strengthen communities, and create high-quality jobs with dignity and purpose. Creas is a new member of the B Corp community, demonstrating by example how these results can be achieved ”.
About B Lab Spain
B Lab Spain is a non-profit organization that aims to promote a global movement of people who use business to generate a positive impact in the world. Its initiatives include the Certification of B Corp Companies, the implementation of systems for measuring social and environmental impact through the B Impact Assessment and support for governance structures such as profit and collective interest companies. B Lab's vision is to foster an inclusive and sustainable economy capable of generating prosperity for all. To date, there are more than 3,000 certified B Corp Companies from 150 industries and 64 countries worldwide, and more than 70,000 companies use Impact Assessment B.
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