refurbed Achieves B Corp Certification: A Milestone in Our Commitment to Sustainability and Social Responsibility

In 2017, refurbed was founded to make a positive contribution to the world, reducing the environmental impact of consumption as much as possible. Today, we are thrilled to announce that refurbed has achieved B Corp Certification, joining a global community of like-minded businesses committed to high standards of social and environmental performance, accountability, and transparency. This achievement marks a significant milestone in our ongoing mission to build a better business model and make consumption sustainable.

What Is B Corp Certification?

B Corp certification is awarded by B Lab™, a nonprofit organisation that certifies companies based on their social and environmental performance, accountability, and transparency. Certified B Corporations™ are leaders in the global movement for an inclusive, equitable, and regenerative economy. The "B" stands for Benefit for all, signifying a commitment to positively impact workers, communities, customers, and the planet.

The B Corp movement manifesto states:

• Together, we transform the global economy to benefit all people, communities, and the planet.
• Together, we lead economic systems change that will realise our vision of an inclusive, equitable, and regenerative economy.
• Together, we create standards, policies, tools, and programmes that shift the behaviour, culture, and structure of capitalism.
• Together, we’re changing the rules of the game so that all businesses have to balance profit and purpose.
• Together, we’re building a movement of people using business as a force for good.
• Together, we won’t stop until all business is a force for good.

As part of their certification, all B Corps sign the Declaration of Interdependence, committing to the values of the B Corp community and striving to use business as a force for good.

Why Did refurbed Receive B Corp Certification?

refurbed achieved B Corp Certification by demonstrating a strong commitment to sustainable practices and ethical business operations. This rigorous certification process involves a comprehensive assessment by B Lab™, evaluating our impact across five key pillars: the environment, workers, customers, community, and governance.

This certification means that refurbed has been verified as meeting B Lab’s high standards for social and environmental impact. We’ll have made a legal commitment to stakeholder governance and demonstrate accountability and transparency by disclosing this record of performance in a public B Corp profile.

Moreover, B Corp Certification is not a one-time achievement but a framework for continuous improvement. To maintain certification, companies must undergo the assessment and verification process every three years, demonstrating that they continue to meet B Lab’s standards, which are continually evolving with input from expert stakeholders.

Why Is This Significant for refurbed?

B Lab™ began in 2006 with the vision of creating a different kind of economy – one that is inclusive, equitable, and regenerative. This vision resonates deeply with refurbed’s mission to find better alternatives to conventional product consumption. Despite the urgent need to combat climate change, global and individual consumption continues to grow. At refurbed, we believe the solution lies in transforming the circular economy.

That’s no small task, but we remain laser focused on our big vision of making consumption sustainable. We aim to achieve this by building the leading platform for sustainable products and services. And achieving B Corp Certification aligns perfectly with our dedication to reducing the negative environmental impact of consumption and electronic waste while promoting a circular economy. It reaffirms our commitment to conducting business in a way that benefits all stakeholders – not just shareholders.

Finally, at refurbed, we embrace the principle of continuous improvement. Iterate, iterate, iterate, we like to say. This certification is not only a testament to our efforts so far but also a roadmap for future progress. It ensures that we will continue to be accountable and transparent in our practices, striving to make a positive impact on society and the environment with each (iterative) step forward.

Peter, one of our founders, says: "Achieving B Corp Certification is a significant milestone for refurbed. It validates our unwavering commitment to create a more sustainable and ethical business model that transforms the circular economy. This certification is not the end of our journey but a commitment to continue improving and making a positive impact on our community and the environment.”

By becoming a Certified B Corporation, refurbed joins a global movement of businesses dedicated to balancing profit and purpose. We are excited to continue this journey, working towards a more sustainable and socially responsible future for all.