Media release B Corporation: 4 September 2019
Pangolin Associates a Certified B Corp, has been named a Best For The World honoree in recognition of their environmental performance and sustainable business practices. Ranking in the top 10% of all B Corps for their environmental responsibility, Pangolin Associates earned this honor because of initiatives such as being certified carbon neutral by the Australian Government, sourcing low carbon products and suppliers for operations, and encouraging action on climate change through their services and advice.
Managing Director Iain Smale says, “We are grateful for this recognition. We became a founding B Corporation in Australia because the principles of this global initiative align with Pangolin Associates’ own values. We hope to set an example for others in the business community, and to encourage urgent action on climate change.”
Best For The World recognition is administered by B Lab, the global nonprofit that certifies and supports Certified B Corporations, which are for-profit companies dedicated to using business as a force for good. Today there are 3,000 Certified B Corporations across 64 countries and 150 industries, unified by one common goal: to redefine success in business.
B Corps meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. B Corp Certification doesn’t just evaluate a product or service, it assesses the overall positive impact of the company that stands behind it—like Pangolin Associates. Using the B Impact Assessment, B Lab evaluates how a company’s operations and business model impact its workers, community, environment, and customers. To achieve the B Corp Certification, a company must achieve a score of at least 80 points on the assessment.
“We’re incredibly proud of this year’s Best For The World honorees,” says Anthea Kelsick, Chief Marketing Officer of B Lab. “These inspiring companies represent the kinds of business models and impact-driven business strategies that are building a new economy—one that is inclusive, regenerative, and delivers value to all stakeholders, not just shareholders. To that end, B Corps like Pangolin Associates are redefining capitalism and showing that it actually can work for everyone.”
1,000 B Corps from 44 countries were named to the 2019 Best For The World lists, including Patagonia, Beautycounter, Dr. Bronner’s, TOMS, Seventh Generation, and Greyston Bakery. The 2019 Best For The World honorees are determined based on the verified B Impact Assessments of Certified B Corporations. The full lists are available on bcorporation.net/.