New Zealand infant-formula maker Synlait Milk is the latest food group to attain B Corp certification.
The move, first mooted by Synlait more than a year ago, was announced today (29 June) on the Australian Securities Exchange (ASX) on which it is listed.
Effectively, B Corp certification is a pledge to use business as a force for good.
Following a “stringent assessment process,” Synlait joins more than 3,300 B Corp businesses, operating in 150 industries, across 71 countries.
The assessment measures a business’s ongoing impact on its workers, community and suppliers, customers, governance and the environment.
Synlait CEO Leon Clement said: “Synlait’s mission is to be a catalyst for change in our industry and becoming a B Corp commits us to balancing people, planet and profit.
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“Today’s consumers have rapidly shifting expectations on how we should care for our people and planet, and we have responded, ensuring our business as a milk nutrition company is fit for a better world.
“Being a Certified B Corp creates a new benchmark for our company, our customers and our community.”