amber energy, the Cardiff-headquartered energy management consultancy and utilitech pioneer, has become a Certified B Corporation (B Corp), only the sixth business in Wales to do so.
amber energy has been certified by B Lab, the not-for-profit behind the B Corp movement, as having met rigorous social and environmental standards, which demonstrate its commitment to goals outside of shareholder profit and for the benefit of all stakeholders.
The B Corp certification addresses the entirety of a business’ operations and covers the five key impact areas of: Governance, Workers, Community, Environment and Customers. The certification process is rigorous, with applicants required to reach a benchmark score of over 80 while providing evidence of socially and environmentally responsible practices around topics such as energy supplies and waste and water use. To complete the certification, the company will legally embed its commitment to purpose beyond profit in its company articles.
The energy industry is under near-constant scrutiny when it comes to sustainability, and the market is crucial in developing more efficient energy sources and processes. This makes amber energy’s B Corp certification a notable step and signals a shift towards greater accountability and transparency in the sector.
Paul McCorquodale, chief operating and information officer at amber energy, said: “We are so pleased to have achieved B Corp status. Being a B Corp is the culmination of our unwavering commitment to doing business in line with our principles and is testament to the hard work of the entire amber energy team and our partners.
“We have long been an advocate for doing business differently, and sustainability is a core part of the service that we offer our customers. As a business, we truly believe that commercial success does not require profit to come before people, planet, or principles, and our goal is to be the company that partners want to work with, clients trust to get the job done, and that the most talented people are proud to work for. Our B Corp status will help demonstrate that the way we do business is the way business should be done.”
Chris Turner, executive director of B Lab UK, said, “We are pleased to have B Corps of all shapes and sizes as part of our community – from startups to multinationals, and across many different industries. Business is a powerful force, and one that – as these companies are showing – can be used for good. Being able to welcome amber energy to the B Corp community is hugely exciting. Its commitment to doing business differently will be an inspiration to others and really help spread the idea that we can redefine success in business to be as much about people and planet as it is about profit.”