Arowana is proud to be a Certified B Corporation®.
B Corps are for-profit companies certified by the non-profit Philadelphia headquartered B Lab body to meet rigorous standards of social and environmental performance, accountability, governance and transparency.
The B Corp movement has gathered increasing momentum with the number of companies joining its ranks increasing year after year. Today, there are over 2,750 Certified B Corps around the globe, including Danone, Patagonia, Laureate Education, Ben & Jerry’s, Etsy, Hootsuite and Singularity University. We are privileged to be part of this group and 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.
To attain B Corp certification, 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:
Arowana achieved B Corp accreditation in May 2018 after successfully completing the diligence and assessment process outlined above. This was a challenging period as it uncovered cultural and governance issues that we needed to fix in order to attain the accreditation. As a consequence, difficult decisions had to be executed upon, with people changes necessitated at all levels of the organisation irrespective of rank and reputation.
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 Planet, People and Profit.
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. 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 organization 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.
For more information, visit B Corporation