Certified Benefit Corporations are leaders in the global movement for an inclusive, equitable and regenerative economy. Unlike other certifications for companies, Benefit Corporations are the only ones to measure the entire social and environmental impact of a company.
Certification obtained by a Benefit Corporation indicates that a company meets high standards of verified performance, accountability and transparency on factors arising from employee benefits and charitable donations to supply chain practices and input materials. To obtain certification, a company must:
Demonstrate high social and environmental performance by achieving a B impact assessment score of 80 or above and passing a risk review. Multinational corporations also have to meet the basic requirement standards.
- Make a legal commitment by changing their corporate governance structure to be accountable to all stakeholders, not just shareholders, and be granted beneficial company status if available in their jurisdiction.
- Show transparency by publishing information on their measured performance against European certification standards.
As the leaders of the economic systems movement change, Benefit Corporations reap the benefits. They build trust with consumers, communities and suppliers; attracting and retaining employees; and attracting mission-aligned investors. Because they are required to go through the audit process every three years to recertify, Benefit Corporations are by definition also oriented towards continuous improvement, which leads to their long-term resilience.
What does it mean for Goran to be SB?
Goran Viler Srl SB, identifying yourself as a for-profit company means obtaining a holistic certification, not focused exclusively on a single social or environmental issue. The process for obtaining and maintaining certification is rigorous and requires the involvement of teams and departments across the company. Taking into account the company’s size and profile, the audit involves documenting the company’s business model and information about its operations, structure and various work processes, as well as examining potential public complaints and possible site visits . Recertification confirms that these standards continue to be met on an ongoing basis.
During 2021 Goran Viler Srl SB pursued the purposes of its statute of Benefit Company. Goran Viler Srl SB believes in a new way of doing business that must take into consideration the social impact as a basic principle for long-term development.
Goran Viler Srl SB aims to strengthen a strategic and competitive approach to the relationship with the territory in which it operates and to stimulate actions and paths within the company aimed at improving the management and awareness of its social impact on the territory itself.
Purposes of common benefit
Benefit companies pursue these purposes of common benefit in a responsible, sustainable and transparent way and their management requires managers to balance the interest of the shareholders and the interest of the community. The specific purposes concern:
- create a positive impact on society and the biosphere, i.e. shared value, as well as generate profit. Sustainability is an integral part of their business model and the SBs create conditions conducive to social and environmental prosperity, today and in the future.
- undertake to consider the impact of the company on society and the environment, in order to create long-term sustainable value for all stakeholders.
- annually communicate and report according to third-party standards the results achieved, their progress and future commitments towards the achievement of social and environmental impact, both towards shareholders and towards the general public.
In fact, being a sustainable and responsible company also means dealing with the reference context: understanding the needs of the territory and assessing the impact of one’s business on it represent management tools and strategic competitiveness levers for the company itself.
By assessing its impact on the territory, Goran Viler’s company has an opportunity to optimize the value created and increasing its contribution over time.