Investment commitment secured from private investment office backed by member of ruling Al Maktoum family of Dubai

Initial US$7.5m investment milestones previously met as part of US$10 million commitment

Tembo has now met milestones to qualify for the final follow-on investment of US$2.5 million, for an aggregate total investment of US$10 million

VivoPower is pleased to announce that its subsidiary, Tembo e-LV, has now met all the milestones to obtain the final follow-on strategic direct equity investment into Tembo, at a pre-money valuation of US$120 million.

This is pursuant to a commitment received in June 2023 from a UAE-based private investment office backed by a member of the ruling Al Maktoum family of Dubai. The investor, under the agreement terms, can exercise the option to increase its cumulative investment in subsequent closings, up to US$10 million based on milestones which have now all been met.

VivoPower will continue to retain its majority stake in Tembo. Tembo recently announced a binding heads of agreement to execute a business combination agreement with CCTS, a NASDAQ listed SPAC at an indicative pre money equity valuation of US$838m.

To read our full press release, and to keep up with all of VivoPower’s releases, visit our Press Releases page.

Contact

Shareholder Enquiries

[email protected]

Tembo E-LV (“Tembo”), a subsidiary of VivoPower International PLC (“VivoPower”), will merge with CCTS (“Cactus Acquisition Corp. 1 Limited”), a NASDAQ-listed company.

Tembo will be the surviving entity and upon closing, will change its name to Tembo Group.

CCTS has $25m of cash on its balance sheet, as of its last quarterly filing.

VivoPower shareholders on the final record date will receive 5 Tembo Group shares for each 1 VivoPower share held.

Final Business Combination Agreement, an independent fairness opinion to be finalised by early May 2024 with the merger targeted for completion by August 2024.

Tembo, a global leader in utility vehicle electrification, and a subsidiary of VivoPower International, today announced it has entered into a binding heads of agreement whereby it will exclusively negotiate to consummate a business combination agreement to merge with Cactus Acquisition Corp. 1 Limited (CCTS), a special purpose acquisition company.

Upon closing of a business combination, the combined company is expected to remain NASDAQ listed under the name “Tembo Group”.

Key Terms of the Agreement

• A business combination between CCTS and Tembo will be effected through the merger of CCTS with and into Tembo, with Tembo surviving the merger. Upon the closing of the acquisition, Tembo will change its name to “Tembo Group”.
• CCTS will issue 83.8 million shares in exchange for Tembo shares at $10 per CCTS share. This corresponds to a pre-money indicative equity valuation of Tembo of $838 million.
  
  Contemporaneously with the closing of the transactions contemplated by the BCA, VVPR will issue a dividend on a pro rata basis to VVPR stockholders as follows:
  
  (a) An amount equal to ten percent (10%) of the aggregate Merger Consideration Shares (the “Tembo Dividend Shares”) to VivoPower shareholders as at a record date of 30 April 2024 (First Record Date); and
  
  (b) An additional amount equal to another ten percent (10%) of the aggregate Tembo Dividend Shares to VivoPower shareholders who were registered on the record date of 30 April 2024 and still hold their VVPR shares as at 30 June 2024 (Second Record Date); and
  
  (c) The Tembo Dividend Shares will be subject to a lock up period of 6 months post listing of Tembo Group.

  A total of 16.76 million Tembo Dividend Shares, representing 20% of the 83.8 million shares, will be distributed to VVPR shareholders. VVPR shareholders will receive indicatively 5 Tembo Dividend Shares for each VVPR share they hold, assuming no further VVPR share issuance and warrants conversion prior to the First Record Date and Second Record Date

• The transaction is subject to final execution of a Business Combination Agreement.
  An independent fairness opinion will also be completed and filed together with the F-4.
• All cash remaining in CCTS’s Trust account immediately after the closing of the business combination will be available to the surviving entity for working capital, growth, and other general corporate purposes.
• The Business Combination Agreement incorporating a fairness opinion is expected to be completed in May 2024, whilst the transaction is targeted to close in August 2024.

Additional information about the proposed merger, including a copy of the merger agreement and other material documentation will be filed with the SEC and available at www.sec.gov. An S-4 registration statement will also be filed with the SEC, which will contain a proxy statement/prospectus in connection with the business combination.

Chardan Capital Markets LLC is acting as financial advisor to VivoPower and Tembo on this transaction.

For the full version of the article, visit the VivoPower Press Releases page.

About Cactus Acquisition Corp. 1 Limited

Cactus Acquisition Corp. 1 Limited is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination.  For more information, visit https://cactusac1.com.

Contact

Shareholder Enquiries

[email protected]

Arowana Impact Capital (AIC) is proud to announce that it has increased its investment shareholding in Green Antz, a frontrunner in the plastic waste recycling and upcycling industry in the Philippines. This decision signals AIC’s commitment to fostering environmental sustainability and supporting innovative solutions to the global plastic crisis.

Over the past year, Green Antz has showcased exceptional performance in its operations. The company’s dedication to tackling plastic waste has yielded remarkable results, with the volume of plastics collected soaring by a staggering 334%, reaching a groundbreaking total of 2,290 metric tonnes. This achievement highlights Green Antz’s effective collection strategies and its pivotal role in mitigating pollution.

Green Antz’s efforts extend beyond mere plastic waste collection by expanding into upcycling solutions. By continuously innovating and enhancing its capacity to recycle and upcycle plastic waste, Green Antz is setting new benchmarks in the industry. These initiatives are crucial in transforming waste into valuable resources, thereby contributing to the circular economy and reducing the reliance on virgin plastics.

AIC’s increased shareholding comes at a time when Green Antz is navigating through a phase of exponential growth and the challenges that accompany such rapid expansion. This growth is a testament to the company’s robust business model, its impactful environmental solutions, and the increasing awareness and demand for sustainable practices among consumers and industries.

The success of Green Antz is a reflection of the strong network of support from its shareholders, customers, and partners.

Arowana Impact Capital, along with other shareholders, has played a significant role in enabling Green Antz to pursue its mission with vigour and resilience. The company’s achievements are further bolstered by the backing of major customers and partners, including global giants like Procter & Gamble, Colgate-Palmolive, and Shell, among others. These collaborations underscore the collective effort and commitment to addressing the global plastic waste challenge and fostering a sustainable future.

The partnership between AIC and Green Antz exemplifies the power of impact investing – a strategy that aims not only to generate financial returns but also to create positive social and environmental impacts. This approach is increasingly gaining traction among investors who recognise the critical need to support businesses that are contributing to a sustainable and equitable world.

As Green Antz continues to advance its mission of reducing plastic waste through innovative recycling and upcycling solutions, its journey is an inspiration for other companies striving to make a difference. The company’s success demonstrates that – with the right mix of innovation, commitment, and support – it is possible to turn the tide on plastic pollution and pave the way for a more sustainable planet.

AIC’s increased stake in Green Antz is a vote of confidence in the potential of green businesses to drive meaningful change. It reflects a growing recognition of the importance of environmental sustainability in shaping a better future for our planet. As more investors and companies align their operations with sustainable practices, the dream of a cleaner, greener world becomes increasingly attainable.

The partnership between AIC and Green Antz is another example of how impact investing can catalyse significant environmental change. In supporting innovative solutions to pressing global challenges, the investment lays the groundwork for a sustainable future, proving that doing good also means doing well.

For more news & insights, stay tuned to the AIC website.

Businesses have a unique opportunity and responsibility to drive positive change through sustainable practices. One of the most obvious ways is by adopting renewable energy into their business operations. Using renewables not only allows companies to contribute to the global fight against climate change but it also positions them as leaders in a rapidly evolving and eco-conscious market.

In this Arowana Insight, we will explore the profound impact of renewable energy on sustainable business practices. Learn about the different economic and environmental benefits, challenges, and strategies for incorporating clean energy into corporate operations. 

The Importance of Renewable Energy 

Renewable energy is crucial in sustainable business practices as it helps reduce greenhouse gas emissions, mitigating climate change impacts, and ensuring long-term environmental and economic viability. 

• Reducing Carbon Footprint
  
  The burning of fossil fuels for energy is a major contributor to greenhouse gas emissions, exacerbating climate change. Renewable energy sources, such as solar, wind, hydro, and geothermal power, offer a clean alternative. By transitioning to renewable energy, businesses can significantly reduce their carbon footprint, mitigating the environmental impact of their operations. 

• Mitigating Climate Change
  
  The consequences of climate change, including rising temperatures, extreme weather events, and sea-level rise, pose significant risks to businesses. Investing in renewable energy is a proactive measure to combat climate change. By harnessing energy from sources that do not contribute to global warming, businesses can contribute to the global effort to limit temperature increases and build a more resilient future.

• Cost Savings and Energy Efficiency
  
  Renewable energy technologies have witnessed significant advancements in recent years, making them increasingly cost-competitive with traditional energy sources. Investing in solar panels, wind turbines, and energy-efficient technologies not only aligns with sustainable practices but also offers long-term cost savings. Businesses can reduce their dependence on fluctuating fossil fuel prices and benefit from stable, clean energy sources.

• Enhancing Corporate Social Responsibility (CSR)
  
  Consumers and investors are placing a growing emphasis on corporate responsibility. Adopting renewable energy demonstrates a commitment to environmental stewardship and can enhance a company's CSR profile. Businesses that prioritise sustainability are more likely to attract environmentally conscious consumers and investors who seek to support companies aligned with their values.

• Meeting Regulatory Requirements
  
  Governments worldwide are implementing stricter environmental regulations to curb emissions and promote sustainable practices. Embracing renewable energy positions businesses to comply with current and future regulations. Proactively aligning with regulatory standards not only avoids potential fines but also positions businesses as leaders in environmental responsibility.

Strategies for Incorporating Renewables into Business Operations 

There are several factors to consider before a company can adopt renewable energy into their business operations. 

• Conduct a Renewable Energy Assessment
  
  Before implementing renewable energy solutions, businesses should conduct a comprehensive assessment of their energy needs. This involves analysing current energy consumption, identifying areas for efficiency improvements, and evaluating the feasibility of adopting specific renewable technologies. Understanding energy patterns is crucial for designing an effective renewable energy strategy.

• Invest in On-Site Renewable Energy Systems
  
  On-site renewable energy systems, such as solar panels and wind turbines, allow businesses to generate clean energy directly at their facilities. This approach not only reduces reliance on grid power but also provides an opportunity to sell excess energy back to the grid, creating an additional revenue stream. The initial investment in on-site systems is often offset by long-term savings and environmental benefits. 

• Power Purchase Agreements (PPAs)
  
  For businesses unable to invest in on-site renewable infrastructure, entering into power purchase agreements (PPAs) is a viable alternative. PPAs involve purchasing renewable energy directly from a third-party provider, often at a fixed rate. This allows businesses to support renewable energy without the need for significant upfront investments and provides a predictable, long-term energy cost. 

• Energy Efficiency Measures
  
  Businesses should also prioritise energy efficiency measures to reduce their overall energy consumption. Implementing technologies such as LED lighting, smart building systems, and energy-efficient appliances can significantly lower energy requirements. This not only complements renewable energy adoption but also maximises the impact of clean energy investments. 

• Collaborate with Renewable Energy Partners
  
  Building partnerships with renewable energy providers and experts can streamline the transition to clean energy. This may involve collaborating with renewable energy companies, consultants, or industry associations. Such collaborations provide businesses with valuable insights, access to the latest technologies, and guidance on designing a customised renewable energy strategy.

• Employee Engagement and Training
  
  Engaging employees in the transition to renewable energy is essential for success. Educate employees about the benefits of clean energy, involve them in sustainability initiatives, and provide training on energy-efficient practices. A workforce that is aligned with the company's sustainability goals can contribute to the successful implementation and maintenance of renewable energy systems.

• Set Ambitious Renewable Energy Goals
  
  Establishing clear and ambitious renewable energy goals is a key step in driving organisational change. Set specific targets for the percentage of energy to be derived from renewable sources and track progress regularly. Publicly communicate these goals to demonstrate transparency and commitment to stakeholders, fostering a culture of accountability. 

Challenges and Solutions in Adopting Renewable Energy 

While the benefits of adopting renewable energy are clear, businesses may face certain challenges during the transition. Recognising these challenges and implementing effective solutions is crucial for ensuring a smooth and successful shift to sustainable energy practices: 

• Upfront Costs and ROI Concerns
  
  The initial investment required for renewable energy infrastructure can be a deterrent for some businesses, especially smaller enterprises. To address this, companies can explore financing options, government incentives, and innovative financing models to make the transition more financially viable. Additionally, a focus on long-term return on investment (ROI) considering both cost savings and environmental impact can justify the upfront costs.

• Intermittency and Reliability
  
  Renewable energy sources, such as solar and wind, are intermittent and dependent on weather conditions. This variability can pose challenges to maintaining a consistent power supply. Businesses can implement energy storage solutions, such as batteries, to store excess energy during peak production times and use it when renewable sources are not generating power.

• Lack of In-House Expertise
  
  Many businesses lack the expertise required to assess, implement, and manage renewable energy systems. Collaborating with external experts, consultants, or hiring specialised personnel can fill this gap. By leveraging the knowledge of professionals in the renewable energy sector, businesses can make informed decisions and optimise the performance of their clean energy infrastructure.

• Regulatory and Policy Uncertainty
  
  The regulatory landscape for renewable energy can be complex and subject to change. Businesses should stay informed about existing and upcoming regulations, seeking legal counsel when necessary. Engaging with industry associations and advocacy groups can also provide a platform for businesses to influence and shape supportive policies that encourage renewable energy adoption.

• Infrastructure and Grid Compatibility
  
  The existing energy infrastructure and grid systems may not be optimised for the integration of renewable energy. Businesses can work with local utilities and government bodies to ensure that the grid can accommodate clean energy inputs. Investing in technologies that enhance grid compatibility, such as smart grid solutions, can contribute to a more seamless integration of renewable energy.

• Public Perception and Communication
  
  Some businesses may face skepticism or resistance from stakeholders regarding the transition to renewable energy. Effective communication is essential to address concerns and build support. Clearly articulating the environmental and financial benefits, showcasing measurable progress, and engaging with stakeholders through transparent communication channels can help overcome resistance and foster positive perceptions.

Powering Sustainability Through Renewable Energy 

As we continue to move toward a greener future, it is important for companies to stay agile, adapt to evolving technologies, and collaborate with stakeholders to create a collective impact. By embracing renewables, businesses not only future-proof their operations but also contribute to a global shift towards a more sustainable and environmentally responsible business landscape.  

The time to harness the power of renewable energy is now – for the sake of our planet and the prosperity of generations to come. 

For more News & Insights, stay tuned to the Arowana website.

We are living in an impact-focussed world where the call for environmental responsibility is louder than ever. We are seeing more corporations look beyond their bottom lines and prioritise sustainable practices to help improve their businesses.

However, as companies strive for sustainability, one often overlooked aspect is the role of employee engagement in building a greener workplace. 

What role does employee engagement play in achieving environmental sustainability? How can organisations foster a culture of eco-consciousness among their workforces? Let’s find out in this edition of Arowana Insight. 

The Foundation of Employee Engagement

Before delving into the environmental aspect, it's crucial to understand the fundamentals of employee engagement. Engaged employees are those who are emotionally committed to their work and organisation. They go the extra mile, contributing their best efforts and creativity to achieve common goals. 

Employee engagement is a two-way street; companies must invest in their employees to create a positive and fulfilling work environment. This includes providing opportunities for professional growth, recognising achievements, and fostering open communication. 

The Green Connection

Now, let's connect the dots between employee engagement and environmental sustainability. Engaged employees are more likely to align themselves with the values of the organisation. By integrating eco-friendly practices into the workplace, companies can tap into the intrinsic motivation of their workforce. 

Green initiatives, such as reducing waste, conserving energy, and promoting sustainable commuting options, not only benefit the environment but also resonate with employees who seek purpose beyond their job responsibilities. When employees perceive their companies as socially responsible, their engagement levels skyrocket. 

Employee-Led Green Initiatives

Empowering employees to take the lead in environmental initiatives is a powerful strategy. Establishing green teams or committees allows staff from various departments to collaborate on sustainability projects. Whether it's implementing recycling programs, organising tree-planting events, or advocating for energy-efficient practices, involving employees in the decision-making process fosters a sense of ownership and pride. 

Leadership should encourage and support employee-led initiatives, providing the necessary resources and recognition for their efforts. This not only enhances engagement but also creates a positive ripple effect throughout the organisation. 

Wellness and Sustainability

A greener workplace goes hand in hand with employee well-being. Natural lighting, indoor plants, and eco-friendly office spaces contribute to a healthier and more productive work environment. Companies can also promote sustainable lifestyle choices, such as plant-based diets, fitness programs, and mental health initiatives. 

By intertwining wellness and sustainability, companies can address both the physical and emotional needs of their employees, resulting in a more engaged and satisfied workforce. 

Building a Sustainable Workplace Culture

Creating a greener workplace is not solely the responsibility of environmental officers; it's a collective effort that requires the active participation of every employee. By prioritising and fostering employee engagement, companies can build a workforce that is not only productive and committed but also environmentally conscious and dedicated to creating a sustainable future.

As businesses embrace the intersection of engagement and sustainability, they are not only contributing to a healthier planet but also cultivating a workplace culture that attracts and retains top talent in the evolving landscape of corporate social responsibility. 

For more News & Insights, stay tuned to the Arowana website. 

Conducting a sustainability audit is crucial for businesses as it allows them to comprehensively assess and manage their environmental, social, and governance (ESG) performance. The process enables companies to identify and mitigate potential environmental impacts, social risks, and governance issues, fostering responsible business practices.

A thorough sustainability audit also enhances an organisation’s transparency, helps meet regulatory requirements, and can attract environmentally and socially conscious investors and customers, ultimately contributing to long-term resilience and success in a rapidly changing business landscape. 

In this Arowana Insight, we discuss the importance of a sustainability audit to an organisation. Find out how you and your team can properly conduct one for your company.  

The Urgency of Sustainable Business Practices

The urgency of adopting sustainable business practices cannot be overstated. With climate change threatening ecosystems, depleting natural resources, and increasing social awareness, businesses are expected to take responsibility for their impact on the environment and society. The business landscape is evolving, with consumers, investors, and even employees favoring companies that prioritize sustainability. 

According to a 2018 Nielsen survey, 81% of global consumers feel strongly that companies should help improve the environment. Moreover, a Global Sustainable Investment Alliance (GSIA) report revealed that sustainable investing assets reached $30.7 trillion in 2018, a 34% increase in two years. This data suggests a growing trend towards sustainable practices, and businesses that fail to adapt risk being left behind.  

What is a Sustainability Audit? 

A sustainability audit is a systematic evaluation of a company's environmental, social, and economic performance. It involves assessing the impact of business operations on the planet, people, and profits. The aim is to identify areas for improvement, set measurable sustainability goals, and enhance overall corporate responsibility. The process typically involves three key steps: assessment, goal-setting, and implementation.  

Assessment: Understanding Your Impact 

The first step in conducting a sustainability audit is to assess your company's current environmental and social impact. This involves evaluating energy consumption, waste generation, carbon emissions, and other relevant metrics. Assessing social impact includes examining labor practices, community engagement, and the overall well-being of employees.  

• Energy Consumption - Assess the energy consumption of your operations, buildings, and production processes. Consider transitioning to renewable energy sources to reduce your carbon footprint.

• Waste Generation - Evaluate the waste generated by your company. Implement waste reduction strategies and explore recycling and upcycling options to minimize environmental impact.

• Carbon Emissions - Measure your company's carbon emissions across the supply chain. Identify opportunities to reduce emissions through efficiency improvements, sustainable transportation, and offset programs.

• Social Impact - Assess the social impact of your company by examining labor practices, diversity and inclusion, and community engagement. Ensure fair wages, safe working conditions, and positive contributions to local communities.

Goal-Setting: Establishing Targets for Improvement 

Once you have a comprehensive understanding of your company's sustainability performance, the next step is to set realistic and measurable goals. These goals should align with your company's values, address areas of improvement identified during the assessment, and contribute to broader sustainability objectives.  

• SMART Goals - Ensure that your sustainability goals are Specific, Measurable, Achievable, Relevant, and Time-bound (SMART). For example, aim to reduce carbon emissions by 20% within the next three years or achieve zero waste to landfill by a specific date.

• Stakeholder Engagement - Involve key stakeholders, including employees, customers, suppliers, and the local community, in the goal-setting process. Their input can provide valuable insights and foster a sense of shared responsibility.

• Alignment with Global Standards - Align your sustainability goals with established frameworks such as the United Nations Sustainable Development Goals (SDGs) or the Global Reporting Initiative (GRI). This enhances credibility and facilitates benchmarking against industry peers.

Implementation: Turning Goals into Action 

Implementation is the phase where your company transforms sustainability aspirations into tangible actions. This involves integrating sustainable practices into daily operations, engaging employees, and leveraging innovative solutions to achieve your goals.  

• Employee Training - Ensure that employees at all levels are aware of sustainability goals and understand their role in achieving them. Provide training programs to build a culture of environmental and social responsibility within the organization. 

• Technology and Innovation - Explore technological solutions and innovations that can contribute to sustainability objectives. This may include adopting energy-efficient technologies, implementing circular economy practices, or leveraging data analytics for better resource management.

• Monitoring and Reporting - Establish a robust monitoring and reporting system to track progress towards sustainability goals. Regularly communicate updates to stakeholders through transparent and accessible reporting mechanisms.

• Continuous Improvement - Sustainability is an ongoing journey. Regularly review and reassess your sustainability initiatives, adapting them to changing circumstances and emerging best practices.

The Business Case for Sustainability 

While the moral imperative of sustainability is evident, it is crucial to recognize the tangible benefits that businesses can reap from embracing sustainable practices. Numerous studies highlight the positive correlation between sustainability and financial performance.  

Cost Savings

Sustainable practices often lead to cost savings in the long run. Energy efficiency measures, waste reduction, and resource optimization contribute to lower operational expenses.  

Market Advantage  

Consumers are increasingly making purchasing decisions based on a company's commitment to sustainability. A Nielsen study found that 73% of global consumers would change their consumption habits to reduce their environmental impact. Embracing sustainability can be a powerful differentiator in a competitive market. 

Regulatory Compliance 

Governments worldwide are tightening regulations related to environmental and social responsibility. By proactively adopting sustainable practices, companies can stay ahead of regulatory requirements, avoiding potential legal and financial repercussions. 

Access to Capital

The rise of sustainable investing has opened new avenues for capital. Investors are increasingly favoring companies with strong environmental, social, and governance (ESG) performance. A Harvard Business Review study found that firms with high ESG scores have a lower cost of capital and are more likely to attract long-term investors. 

Following a Green Path

The importance of conducting a sustainability audit for companies cannot be overstated. It is one of the things that organisations need to do to thrive in an ever-evolving business landscape.  

As we’ve discussed, the urgency of adopting sustainable practices is underscored by consumer preferences, investor demands, and the imperative to address global challenges such as climate change. By assessing environmental and social impacts, setting meaningful goals, and implementing sustainable practices, businesses can not only contribute to a healthier planet but also gain a competitive edge in the marketplace. 

The business case for sustainability is also very much compelling, with cost savings, market advantage, regulatory compliance, and access to capital among the tangible benefits. Companies have already demonstrated that a genuine commitment to sustainability can drive innovation, enhance brand reputation, and create long-term value. 

As organisations navigate the green path, it is essential to approach sustainability as a continuous journey, involving stakeholders at every step and embracing emerging technologies and best practices. By doing so, companies can position themselves as leaders in the transition to a more sustainable and resilient future. 

For more News & Insights, stay tuned to the Arowana website. 

Over the years, we have seen more companies answer the challenge of redefining their success beyond mere profit margins. These businesses have abandoned the traditional model of pursuing financial gains at any cost in favour of a more sustainable and ethical approach. One significant initiative leading this charge is the B Corp Certification.

More than just not just a badge of honor; B Corp certification represents a commitment to balancing profit with purpose. It demonstrates a company’s dedication to meeting rigorous standards of transparency, accountability, and sustainability. This helps distinguish certified B corporations as leaders in ethical business practices within their industries. 

Join us as we explore the benefits of B Corp Certification for businesses. We’ll examine the impact that the process can have on the triple bottom line - people, planet, and profit. 

What is B Corp Certification? 

B Corp, short for Benefit Corporation, is a certification bestowed upon businesses that meet high standards of social and environmental performance, transparency, and accountability.  

B Corps are required to undergo a rigorous assessment by the nonprofit organisation B Lab, which evaluates a company's impact on its workers, customers, community, and environment. This certification signifies a commitment to using business as a force for good, prioritising not only financial success but also social and environmental responsibility. 

The Rise of B Corps 

The B Corp movement has gained significant momentum in recent years, with a growing number of businesses recognising the value of incorporating purpose into their DNA.  

According to B Lab, there are more than 6,000 Certified B Corporations in over 80 countries and over 150 industries, representing a diverse array of companies ranging from small startups to multinational corporations. This exponential growth underscores the increasing importance that businesses and consumers alike place on sustainability and ethical practices.

Benefits of B Corp Certification

• Enhanced Corporate Reputation and Brand Value
  
  One of the primary benefits of B Corp Certification is the positive impact it can have on a company's reputation and brand value. Consumers are becoming more discerning, seeking out businesses that align with their values.
  
  A 2017 Cone Communications study revealed that 91% of global consumers expect companies to do more than make a profit; they expect them to address social and environmental issues. B Corp Certification provides a visible and credible signal to consumers that a company is committed to making a positive impact beyond financial gains.
  
  Moreover, the certification is a powerful marketing tool, attracting socially conscious consumers who actively seek products and services from businesses that prioritise sustainability. Companies like Patagonia and Ben & Jerry's have not only built successful businesses but have also cultivated a loyal customer base by incorporating purpose into their brand identity.

• Attracting and Retaining Talent
  
  In a competitive job market, attracting and retaining top talent is crucial for business success. B Corp Certification can play a pivotal role in this regard. Employees, especially from younger generations, are increasingly drawn to organisations that are socially and environmentally responsible. According to a 2016 Deloitte survey, 87% of millennials believe that business success should be measured by more than just financial performance.
  
  B Corps, with their commitment to creating a positive impact on society, become employers of choice for individuals seeking purpose-driven work. The certification not only helps attract like-minded professionals but also fosters a sense of pride and engagement among existing employees, leading to higher job satisfaction and retention rates. 

• Access to Impact Investment and Funding Opportunities
  
  B Corp Certification opens doors to a range of impact investment and funding opportunities. Impact investors are individuals or organisations that seek to generate positive social and environmental impact alongside financial returns.
  
  By becoming a B Corp, companies signal their dedication to sustainable business practices, making them more attractive to impact investors who prioritise businesses with a holistic approach to success.
  
  Furthermore, B Corps gain access to a network of like-minded businesses and investors, facilitating collaborations and partnerships that can drive further positive change. As businesses increasingly recognise the importance of aligning financial goals with social and environmental impact, the B Corp Certification becomes a valuable asset for securing funding and partnerships.

• Operational Excellence and Efficiency
  
  The B Corp Certification process requires companies to conduct a thorough assessment of their operations, measuring their impact on various stakeholders and the environment. This self-analysis often leads to increased operational efficiency and identifies areas for improvement. By focusing on sustainability and responsible business practices, B Corps often find innovative ways to reduce waste, energy consumption, and environmental impact.
  
  Some B Corps have utilised the certification process to improve their supply chain transparency and reduce their carbon footprint. Such initiatives not only contribute to a company's positive impact but also result in cost savings and operational excellence, making the business more resilient in the face of economic and environmental challenges.

• Legal Protection for Mission-Driven Companies
  
  Traditional corporations often face challenges when trying to balance financial interests with social and environmental responsibility. The legal structure of a B Corp allows companies to embed their mission into their governing documents, protecting their commitment to purpose beyond profits.
  
  B Corps are legally obligated to consider the impact of their decisions on all stakeholders, not just shareholders, providing a robust framework for companies to prioritise long-term sustainability over short-term financial gains.
  
  The legal protection offered by B Corp Certification helps mission-driven companies withstand pressures to compromise their values for immediate financial gains. This ensures that the company's commitment to positive social and environmental impact remains intact, even as it grows and faces new challenges.

Committing to the Triple Bottom Line

The benefits of B Corp Certification extend beyond mere corporate social responsibility; they encompass enhanced reputation, access to funding, attracting top talent, operational efficiency, and legal protection for mission-driven companies. 

The B Corp movement is poised to grow, especially as more businesses recognise the importance of purpose-driven practices. The goal is to create a global community of businesses committed to using their influence for the greater good.  

Whether your company is a small startup or a multinational corporation, embracing B Corp Certification can transform not only the way you operate but also the perception and expectations of your customers, employees, and investors.  

The business world has started to embrace the ideals of conscious consumerism. In this new landscape, organisations that prioritise purpose are not just surviving; they are thriving, proving that success and positive impact are not mutually exclusive. They are indeed intrinsically connected in the pursuit of a better world. 

For more News & Insights, stay tuned to the Arowana website.

EdventureCo is pleased to announce that it has been recognised as one of Real Leaders’ Top Impact Companies for 2024. The company debuted on the prestigious list at #52 out of 185 honourees.

The Real Leaders Impact Awards celebrates the contributions of the world’s top impact-driven organisations.

EdventureCo’s inclusion aligns with its mission of adopting sustainable practices in its operations. As a certified B Corporation, the company is committed to raising business standards and creating a positive impact on the life and livelihood of its communities through education.

Michael Hui, EdventureCo’s Executive Director, said: “On behalf of our incredible team at EdventureCo, we are honoured to be part of Real Leaders’ Top Impact Companies list for 2024. This recognition strengthens our resolve to contribute to a better future for all by pushing the boundaries of innovation and sustainability in upskilling our clients’ workforces across digital, soft, and future skills.”

For more News & Insights, stay tuned to the EdventureCo website.

About EdventureCo

EdventureCo is a B Corporation-certified premium provider of digital, soft, and future skills training that prepares the workforce of today for success tomorrow.

About Real Leaders

Real Leaders is the fastest-growing community for impact leaders backed by a global media platform dedicated to driving positive change. Founded in 2010, Real Leaders recognized and advocated that businesses take more responsibility to be as cognizant of their impact on employees, society, and the planet as they are on their bottom line. Real Leaders is an independently owned certified B Corporation and member of the UN Global Compact. Our mission is to unite farsighted leaders to transform our shortsighted world.

VivoPower is pleased to announce that it has been recognised as one of Real Leaders’ Top Impact Companies for 2024.

The Real Leaders Impact Awards honours the world’s top impact-driven companies applying capitalism for greater profit and the greater good. Each company is ranked using a ‘Force for Good’ score, which considers financial and impact metrics according to Real Leaders’ methodology.

For the fourth consecutive year, VivoPower was named on the prestigious list, and ranked 49th out of 185. The 2024 list features a range of respected impact companies from across sectors including Energy and Manufacturing as well as Retail and Financial Services.

Kevin Chin, VivoPower’s Executive Chairman and Chief Executive Officer, said: “We are truly honoured to be named as one of Real Leaders’ Top Impact Companies for the fourth year in a row. This recognition reflects our consistent dedication to sustainability and impact.

At VivoPower, we have always believed that business success goes hand in hand with having a positive impact on people and planet. Our inclusion in Real Leaders’ ranking further fuels our commitment to creating meaningful change and underscores the importance of aligning profit with purpose.”

For the full version of the article, please visit the VivoPower Press Releases page.

About Real Leaders

Real Leaders is the fastest-growing community for impact leaders backed by a global media platform dedicated to driving positive change. Founded in 2010, Real Leaders recognized and advocated that businesses take more responsibility to be as cognizant of their impact on employees, society, and the planet as they are on their bottom line. Real Leaders is an independently owned certified B Corporation and member of the UN Global Compact. Our mission is to unite farsighted leaders to transform our shortsighted world.

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Arowana, the B Corporation-certified global investment firm, is pleased to announce that it has been named to Real Leaders' Top Impact Companies for 2024. This marks the fifth straight year that the firm has been featured in the prestigious list. 

For more than a decade, Real Leaders has been recognising organisations and business leaders who are advancing social and environmental good. 

Arowana's inclusion in the 2024 Top Impact Companies ranking is a testament to the firm’s commitment to the triple bottom line of people, profit, and planet. As part of its mission, Arowana aims to build strong, sustainable businesses that have a positive impact on economies, industries, and the people they employ. 

Arowana joins other impact-driven organisations such as Brandless, Karün, Tricolor, Eastman, Vital Farms, Cloudstaff, Soapbox, and SproutWorld in the roster of awardees. 

Kevin Edwards, Real Leaders’ General Manager, said: “After five successful years of producing the go-to list of the Top Impact Companies, it was time for Real Leaders to expand its mission by growing an impact awards community that preserves its integrity while scaling its impact.” 

Kevin Chin, Founder & Chairman of Arowana, said: “Once again, we are honoured to be chosen by Real Leaders as one of the Top Impact Companies in the world. We take our position as a certified B Corporation to heart, especially in transforming our business as a force for good in the community. 

“Businesses are increasingly being called upon to address pressing global challenges. At Arowana, we embrace the responsibility to lead by example. Through innovative and purpose-driven initiatives, we will persist in building a future where businesses pave the way for sustainable and inclusive growth.” 

For more News & Insights, stay tuned to the Arowana website. 

About Real Leaders 

Real Leaders is the fastest-growing community for impact leaders backed by a global media platform dedicated to driving positive change. Founded in 2010, Real Leaders recognized and advocated that businesses take more responsibility to be as cognizant of their impact on employees, society, and the planet as they are on their bottom line. Real Leaders is an independently owned certified B Corporation and member of the UN Global Compact. Our mission is to unite farsighted leaders to transform our shortsighted world.