B CORP
OUR ENGAGEMENT
In 2019, we became the first fashion company in Italy to achieve B Corp certification.
As a B Corp, we are part of a global movement of companies that balance benefit and profit. We measure our impact and use business as a positive force.
#BETHECHANGE
What is a B Corp?
B Corp companies are companies that pursue objectives of common benefit. Using business as a positive force, B Corp companies follow high standards in social, environmental and governance performance with transparency and responsibility.The B Corp movement is constantly growing, and now includes over 6,400 companies in 89 countries around the world.*
*(data updated on 28/2/23)
How do you become a B Corp?
To become a B Corp, you have to undertake the BIA (Benefit Impact Assessment), a rigorous evaluation standard developed by the non-profit B Lab that evaluates the business impacts on governance, workers, community, the environment and customers.
To obtain the certification, you must obtain a score of 80 or higher and pass the assessment of risk factors. The threshold of 80 points represents the difference between companies with an extractive paradigm and those with a regenerative approach; that is, they give back to the planet more than they take for the performance of their activities.
A new business model
In Italy, companies are also required within 2 years of obtaining certification to legally commit to changing their governance structure by assuming the status of Società Benefit (Benefit Corporation); this provides for reporting obligations to all stakeholders and not only to their shareholders on the benefits that the company generates.
In addition, B Corp companies comply with specific transparency criteria: companies disclose their performance on the B Lab platform, measured according to BIA standards with respect to the five impact areas: Governance, Workers, Community, Environment and Customers.
Being part of the B Corp community therefore means pursuing a dual goal: to create profit for the company and benefit our people, the community and the environment in which we operate.
End points and starting points
For us, the B Corp community is also a source through which we can identify new ideas for improvement to face new challenges.
This process of growth does not have an end point, but represents a path made up of ever-new challenges that we take on in order to ensure that the company evolves.
