Arowana is proud to be a Certified B Corporation®, having been a member of the international movement since 2018. We share in B Lab’s vision of transforming the global economy to benefit all people, communities, and the planet. We are committed to using the power of business to create a positive impact on the world.
What is a B Corporation?
A B Corporation is a for-profit company certified by the non-profit Philadelphia headquartered B Lab body to meet rigorous standards of social and environmental performance, accountability, governance, and transparency. Throughout the years, the B Corp movement has gathered increasing momentum with numerous companies joining its ranks.
Today, there are 5,470 Certified B Corps around the world, including Ben & Jerry’s, Danone, Etsy, Hootsuite, Laureate Education, Patagonia, and Singularity University. We are honoured to be part of this prestigious group.
In solidarity with our fellow B Corps, we have committed to broadening the definition of business success to go beyond shareholder value maximisation and encompass delivering long-term sustainable value creation to all key stakeholders.
Our journey to B Corp certification
To attain B Corp status, Arowana and its operating companies underwent a rigorous and detailed due diligence review of several key business areas over a period of 15 months. These areas include:
In May 2018, we achieved B Corporation accreditation after successfully completing the diligence and assessment process set by B Lab. In 2022, Arowana reached a new milestone after receiving a verified score of 138.8 in our B Corp recertification. This is a significant increase from the 84.2 that the company received in our first certification in 2018. Our upgraded score places us as one of the highest ranked B Corporations in the world.
What it means to be a B Corp
Since achieving B Corp status, Arowana is determined to continuously improve on our B Corp scorecard and deliver on the B Corp triple bottom line of People, Profit, and Planet.
This also aligns strongly with our purpose of growing people, growing companies, and growing value. We have a long-term commitment to building strong, sustainable businesses that will have a positive impact on economies, industries, and the people they employ.
Most importantly, we understand that the work we do benefits more than the bottom line and we always strive to consider the wider impact of our actions. We want to see businesses and economies grow in a sustainable way and in doing so, create value for our stakeholders.
About B Lab
B Lab is a non-profit organisation that serves a global movement of people using business as a force for good. Its vision is that one day all companies compete not only to be the best in the world—but the Best for the World®—and as a result, society will enjoy a more shared and durable prosperity.