The Munich-based functional textile specialist, which landed in the top 10 percent of all B Corp certified companies in recognition of its environmental responsibility, received the award for initiatives such as the wear2wear European industry partnership that it created in order to rapidly close the textile loop, for offering the world’s first climate-neutral membrane and for being a co-developer and signatory of the “UN Fashion Industry Charter for Climate Action“. The pioneer in the field of functional textiles received the award from the US-based nonprofit organization B Lab, which officially certified Sympatex at the end of 2018 as B Corp after a painstaking, multistage audit process. The company’s express goal is to ensure that its business activities not only lead to economic success, but also have a highly positive impact on the well-being of society and the environment.
“As one of the most recent member of the global B Corp community, we are all the more pleased to be a recipient of the “2019 Best For The World” award in the category of sustainability,” explains Dr. Rüdiger Fox, CEO of Sympatex Technologies. “This award not only honors our commitment to closing the textile loop in the apparel industry together with all of our market partners, but serves as a testament to our approach and spurs us to continue to overcome all of the major hurdles in order to be able to put together a sustainable functional textile industry in concert with our partners. We can’t settle with just “The Best For The World”. We want to be “Good Enough For The World”,” adds Fox.
“We’re incredibly proud of this year’s “Best For The World” recipients,” says Anthea Kelsick, Chief Marketing Officer at B Lab. “These inspiring companies represent the type of business models and impact-oriented business strategies that build a new economy, one that is inclusive, regenerative and generates value for all participants, not just for shareholders. To this end, B Corp certified Sympatex Technologies is redefining capitalism and demonstrates that it can really work for everyone.”
A total of 1,000 B Corp certified companies in 44 countries were selected for the “2019 Best For The World” list, including Patagonia, Beautycounter, Dr. Bronner’s, TOMS, Seventh Generation and Greyston Bakery. The complete list can be viewed here.
B Corp companies meet the highest standards for proven social and ecological performance, transparency and legal responsibility in order to maintain a proper balance between profit and purpose. Today there are 3,000 B Corp certified companies in 64 countries and 150 industries, united by a common goal: redefining business success. The B Corp certification evaluates not only a product or service, but the overall positive impact that the company has. Using the B impact analysis, B Lab looks at what impact company processes and the business model have on employees, society, the environment and customers. In order to receive the B Corp certification, a company must score at least 80 points during the analysis.
About B Corp certified companies.
About B Lab: B Lab is a nonprofit that serves a global movement of people using business as a force for good. B Lab’s initiatives include B Corp Certification, administration of the B Impact Management programs and software, and advocacy for governance structures like the benefit corporation. B Lab’s vision is to build a regenerative and inclusive economy that works for all. Today there are 3,000 certified B Corp companies in more than 150 branches and 64 countries, plus more than 50,000 companies utilize the B impact analysis.