Regional News

Impact Hub, Spain’s first co-working company to obtain B Corporation seal

By Silvia Castro Betancourt 0 Comments NEWS, Regional News

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Impact Hub Madrid has obtained B Corporation certification, which recognizes compliance with high social, environmental, government and transparency standards by companies. In this way, Impact Hub Madrid becomes the first company of co-working, events, and support to entrepreneurship and innovation in Spain with this seal of sustainable companies.

For the certification process, which has been extended by 6 months, Impact Hub Madrid has had the help of Areteia, a consultancy specialized in the diagnosis and evaluation of social and environmental impacts, as well as in the optimization of the Development Objectives Sustainable for the management of companies.

The certification process has been carried out through the impact evaluation tool provided by the international foundation B Lab, born in the United States in 2006. The analysis incorporates various indicators that measure how the activity of companies affects their clients, employees, the environment and other interest groups, as well as internal reporting and management measures. The B Corp rating is reevaluated and renewed every two years, which means assuming improvements that may even imply changes in the company's by-laws.

Among other highlights, Impact Hub Madrid has shown that its electricity consumption comes from 100% renewable energy from the Som Energia cooperative. In the field of gender equality, Impact Hub has more than 55% women in its workforce. Additionally, during 2017, it donated 14,000 euros in kind to organizations that generate positive social impact, thus contributing to the growth of a community of professionals and companies focused on innovation and entrepreneurship in terms of impact.

In the words of Antonio González, CEO of Impact Hub Madrid: "For us it is important to be part of this movement of purposeful companies that use economic activity to regenerate society and the planet. We seek to have a positive impact on people and society through innovation in the forms of work and the creation of social and economic value. In this sense, B Corp's analysis helps us to set the guidelines to incorporate or deepen good social, environmental and transparency practices, and further integrate sustainability into our business model."

The B Corp movement seeks to create a positive social impact through business activity. In Spain there are more than fifty B Corp companies, among which are the sustainable fashion brand Ecoalf, the rural development company Alma Natura, and the ethical bank Triodos Bank.

Within the dissemination activities carried out by B Corp in Spain, the first session of Multipliers B will take place on the 13th and 14th of June in the Alameda Space of Impact Hub, a training aimed at companies that want to incorporate the impact in their models of deal. The possibilities offered by the impact assessment tool of B Lab, which has been used by more than 70,000 companies worldwide, will be announced then.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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