Circulor awarded prestigious B Corp™ Certification
Circulor joins a global community of purpose-led organizations that meet high standards of social responsibility and sustainability.
July 6, 2022 - Circulor, the leader in supply chain traceability, has announced today its certification as a B Corporation™ (B Corp), joining a growing group of companies reinventing their businesses by pursuing purpose as well as profit.
The tech company has been certified by B Lab, the not-for-profit behind the B Corporation movement, for meeting rigorous social and environmental standards, which represent its commitment to goals outside of shareholder profit. The B Corp certification addresses the entirety of a business’s operations and covers five key impact areas, including Governance, Workers, Community, Environment, and Customers.
The certification process requires applicants to reach a benchmark score of over 80 –– Circulor scored 115.5 points out of 200, outperforming other B-Corps in the UK.
Through its mission, Circulor has an innate impact on its customers and the environment. Circulor provides visibility into the world’s most complex industrial supply chains, enabling organizations to prove responsible sourcing, reduce emissions, and fulfill their ESG goals. Also, in using a distributed ledger, Circulor’s technology and platform strengthen connections between supply chain participants, creating compounded, system-wide improvement in transparency and sustainability.
Within the company’s internal operations, Circulor scored particularly high in terms of diversity. Circulor employees come from diverse backgrounds from all over the world and are proud to have an almost 50/50 male to female ratio, with some teams having more women than men.
Circulor Founder and CEO Doug Johnson-Poensgen said, “we are proud to receive the B Corp certification. It encourages us in our mission to make the world’s most complex industrial supply chains more transparent, secure, and responsible. By offering a traceability solution that prevents the exploitation of people and the planet, Circulor’s mission is closely aligned with B Lab’s efforts to transform the global economy.”
The B Corporation welcomes a diverse and impressive range of organizations, including The Guardian, SYSTEMIQ Ltd, Patagonia, and more. Its mission is to bring together a movement of companies committed to changing how the business world operates and believe business can be a force for good.
Circulor gives organizations full visibility of their supply chains. The London-based company offers the most mature, proven, and complete technology software solution available to track materials with high environmental and human rights impacts as they change state within manufacturing and recycling supply chains. With Circulor, businesses can follow the physical flow of critical materials from extraction to final production, as well as associated ESG characteristics and embedded carbon across Scope 1, 2, and 3 emissions. The tech company was founded in 2017 in the UK, with offices in Ireland, the US, Germany, Singapore, and Australia. The company has been named a Technology Pioneer by the World Economic Forum, Global Cleantech 100, and won DIGITALEUROPE’s 2022 Future Unicorn Award.
Franziska Grammes, Director of PR
About B Corporation
The B Corp Certification is a designation that a business is meeting high standards of verified performance, accountability, and transparency on factors from employee benefits and charitable giving to supply chain practices and input materials. The goal is to transform the global economy to benefit all people, communities, and the planet. The certifying body, B Lab, was founded in 2006 with a vision of a new way of doing business. Unlike traditional corporations, B Corps are legally required to consider their impact on stakeholders, including workers, suppliers, community, consumers, and the environment.