"B-Corp" certification for Novamont, making it also a "Benefit Company"

A force for good and tools for global regeneration, with higher purposes than mere profit. There are 3,422 companies spanning 140 sectors in 71 countries across the world - certified “B-Corps” by the independent body B-Lab - which, in addition to generating profit for their shareholders, also create a positive impact on society and on the environment, thus building a more inclusive and sustainable economy.

Only 2.8% of the 120,000 companies analysed by B-Lab over the years have scored over 80, required to obtain certification, while the average value is 51. With a score of 104, Novamont has become a “B-Corp”, forming part of this global movement that is rewriting the way of doing business in the world, and has amended its articles of association to acquire the legal form of a “Benefit Company”, recognised in Italy by the law of 28 December 2015.

A Benefit Company establishes in its articles of association the commitment to conduct its business in such a way as to have a positive effect on the environment and people’s wellbeing, and provides for its directors to comply with the obligations undertaken for the established social purposes and to assess and report annually on the impacts generated. A significant paradigm shift, which represents an opportunity not only for individual companies, but also for the qualification of entire industries. The B-Corp system provides a rigorous certification tool for the objectives and systemic results of Benefit Companies.