DUBLIN-BASED UrbanVolt has become the first Irish firm to join an eclectic international club of companies which have B Corporation status.
They are now in the company of other prestigious businesses including Ben & Jerry’s ice-cream, Danone North America, and outdoor clothing company Patagonia.
The innovative energy services company, established in 2015, has been accorded the international B Corp status, which denotes that a company has met rigorous standards of social and environmental performance, governance, accountability and transparency.
About 2,600 companies in 60 countries and more than 150 industries have reached the standard. But this is a first for an Irish company.
Edel Kennedy, Head of Marketing at UrbanVolt, said the company had been inspired by Patagonia’s desire to use the power of business to fundamentally change the world for the better.
“Businesses have to make money to survive, that’s a given. But that’s not enough anymore. You have to use the power of business to do good and influence positive change in the world, especially when it comes to the environment,” she said.
UrbanVolt created the Light as a Service (LaaS®) business model in order to deliver companies LED lighting upgrades for zero capex. It delivers an off balance sheet solution and counts a growing number of Fortune 500 companies amongst its client base.