Schmidt Groupe is proud to become a B Corp™ organisation and join the community of positive-impact companies
In November 2023, Schmidt Groupe reached a milestone by joining the global B Corp community. This recognition reflects its determination to be a positive driving force in addressing the major challenges currently facing the planet and its inhabitants. Like all B Corp-certified companies, Schmidt Groupe has adopted high social and environmental standards in an effort to build a more inclusive, equitable and regenerative economy.
What is B Corp ?
B Corp is much more than a label. B Corp is an international movement that currently brings together over 7,200 B Corp-certified companies in 93 countries, including 350 in France. Only companies can become B Corp-certified. Whatever their size, legal form or sector of activity, these for-profit organisations share the same goal of setting the private sector on the path to sustainability and taking action in the public interest.
How does a company obtain B Corp certification?
The B Corp certification process is based on measuring the impact of the company, which has to provide evidence of all its claims. The audit is carried out online in two stages:
- Assessment: the company answers a highly detailed questionnaire (the BIA or Business Impact Assessment) to measure its impact on five key areas: governance, workers, community, environment and customers. A minimum score of 80 points out of 200 is required to move on to the next stage.
- Verification: the company takes part in a 90-minute conference call with a B Lab auditor, answers the auditor’s questions and provides supporting documentation with a view to certification.
Schmidt Groupe achieved certification in November 2023 with a score of 84.3 points.
Why B Corp ?
CSR has always influenced Schmidt Groupe’s strategic decisions, and the Group stands out through its commitment and its exemplary track record. In addition to the economic and environmental challenges facing our Group, people are top of our priority list. Our ambition is to become a European economic leader with a known and recognised reputation for its positive impact on society and the environment.
The last two years have been marked by the Group’s efforts to reinforce and ramp up the strategy of continually improving its performance across the entire value chain with the determination to inspire all our internal and external stakeholders.
Therefore, B Corp supports and confirms the Group’s ambition of being a better company for the world, a better company for everyone, a company that respects the planet and its inhabitants!
B Corp is not an end in itself, but the start of a journey towards continual improvement and collective action. Schmidt Groupe is committed to moving forward with its positive-impact strategy and renewing its certification within three years by proving measurable and impactful progress.