What it means to be a B Corp
We have done it at last! We are now a certified B Corp. With a hard won score of 90, we are proud to be part of the B Corporation movement, using business as a force for good.
Verification by the B Lab means that Modus has submitted to comprehensive, credible and comparable impact standards that support economic systems change for an inclusive, equitable and regenerative future.
What is a B Corp?
Certified B Corporations, or B Corps, are companies verified by the B Lab to meet high standards of social and environmental performance, transparency, and accountability. The B Impact Assessment looks at a host of issues across five areas - Governance, Environment, Workers, Customers and Community.
The verification process is long and tough. We submitted our answers (and a lot of documentation as proof) to hundreds of questions to give the B Lab a clear view of what we do and how we do it before our answers were scrutinised by our B Impact Assessor and we were given our overall score.
To qualify for B Corp certification, you need a score of 80, the median score for ordinary businesses is 50.9 so we are really proud of our 90 score. This is the benchmark against which we will measure our performance each year, looking for ways to improve.
The Governance impact area looks at the way we do business, our mission, ethics, accountability and transparency by scrutinising topics such as impact reporting, stakeholder engagement and social and environmental decision making.
Under this impact area, the B Lab has considered our environmental stewardship, including how we identify and manage our environmental impacts. This covers our carbon emissions, energy use, water use, sustainable sourcing, resource conservation, impacts on biodiversity and product certification.
Our workers are the cornerstone of our company and we pride ourselves on offering employment that is engaging and positive and we are proud to be an accredited Living Wage Employer. The Workers impact area evaluates our contribution to our staff’s financial, physical, professional and social well-being.
This impact area evaluates our conduct towards both direct customers and end users, covering topics including ethical and positive marketing, warranties and quality assurance, data privacy and data security. We are committed to excellent customer stewardship and nurturing positive, long-term relationships with our customers.
The Community impact area evaluates our impacts on our local and wider communities, evaluating our approach to diversity and inclusion, local supply chains and charitable engagement.
We will keep building upon our B Corp score so far to continue our journey towards accountability transparency and continuous improvement.