In recognition of its sustainable business practices, Sympatex has bagged the B Corp ‘2019 Best For The World’ Award. The functional textile specialist, placed in the top 10 per cent of all B Corp certified companies in recognition of its environmental responsibility, received the award for initiatives such as the wear2wear European industry partnership.
The partnership is 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 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, according to Sympatex.In recognition of its sustainable business practices, Sympatex has bagged the B Corp '2019 Best For The World' Award. The functional textile specialist, placed in the top 10 per cent of all B Corp certified companies in recognition of its environmental responsibility, received the award for initiatives such as the wear2wear European industry partnership.#
“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. This award not only honours 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,” Rüdiger Fox, CEO of Sympatex said.
“We’re incredibly proud of this year’s ‘Best For The World’ recipients. 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 is redefining capitalism and demonstrates that it can really work for everyone,” Anthea Kelsick, chief marketing officer at B Lab said.
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. (GK)
Fibre2Fashion News Desk – India
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