As of late, you may have noticed the growing efforts of many global businesses to reduce their social and environmental impact. Businesses are now making the fundamental shift from a shareholder-first approach to a wider consideration of stakeholders, and Metagenics is proud to be part of this shift.
In May 2019, Metagenics received B Corp Certification, indicating the business meets the highest standards of social and environmental performance and has a specific focus on balancing profit with purpose.
Who is B Lab?
This status is awarded by US based non-profit company, B Lab, who is working hard to redefine the role business has in society. Through initiatives like B Corp Certification, they aim to address global issues such as wealth inequality and climate change, by supporting B Corps to continue to create value for non-shareholders- such as employees, the local community and the environment.
B Lab’s ultimate goal is to create an economy where businesses compete to be the best in the world; not only financially, but for the people living in it and the natural environment on which our quality of life depends.
How did we do it?
Metagenics shares this set of values and took no hesitation in embarking on the two year certification process. Yes, you read that right! Gaining a certification is not an easy task and B Lab spent over two years assessing every part of the business to ensure Metagenics’ practices met the strict B Corp standards. A few reasons the certification was awarded include:
- Our comprehensive environmental management initiatives- reducing waste, promoting the use of sustainable resources, improving packaging with biodegradable materials, procurement and training policies.
- The business’ social contributions- supporting One Health, The Smith Family and internal initiatives like the Wellness at Work Program and environmental awareness training.
- The choice Metagenics makes to work with suppliers who consider their own social and environmental impacts, and the constant monitoring of this through supply chain reporting.
Further to this, the business has some big goals in mind for the future, such as reducing water consumption by 2% each year and energy consumption by 5% over the next three years. The recent $1.1 million solar energy project alone is expected to cover 40% of the businesses energy requirements by the end of 2019, and we’re set to meet it!
It means a lot…
The B Corp Certification is a badge of honour for Metagenics, as it supports the values under which the company was founded. “Helping people live happier, healthier lives” is a statement that spans far further than to just our clients. Holding a B Corp Certification honours this notion and takes it one step further, acknowledging the resources used to create your products all the way to the people who research, create, educate and pack them.
Although our B Corp journey has just begun, Metagenics has accepted the challenge to maintain our status by being leaders in the industry. We are continually assessing how our products and practices effect our environment, community, employees and clients. Along with over 2,700 other leading certified companies, Metagenics plans to continue being a force for positive change in the world.