Updated: Feb 20
Floreon the high performance alternative to flame retardant ABS becomes a high performing certified B Corp.
Floreon, an innovative company redefining plant-based plastics for product development, has announced today its certification as a B Corporation (or B Corp), joining a growing group of companies reinventing business by pursuing purpose as well as profit. Floreon has been certified by B Lab, the not-for-profit behind the B Corp movement, as having met rigorous social and environmental standards which represent its commitment to goals outside of shareholder profit.
Floreon founder and CEO, Shaun Chatterton, comments: “Recent attention on oil-based plastic production makes our B Corp certification a notable step and signals a shift towards greater accountability and transparency in the sector.
B Corp also sits well with our company ethos. We have both a social and environmental commitment to improve mass market plastic production by researching and developing durable PLA alternatives for the future of our planet. Our priority is to pave the way for a new way of doing things with plant-based plastic from halogen-free flame retardant PLA for electricals to durable, non-toxic grades for toys.”
The B Corp certification addresses the entirety of a business’ operations and covers five key impact areas of Governance, Workers, Community, Environment and Customers. The certification process is rigorous, with applicants required to reach a benchmark score of over 80 while providing evidence of socially and environmentally responsible practices relating to energy supplies, waste and water use, worker compensation, diversity and corporate transparency. To complete the certification, the company will legally embed their commitment to purpose beyond profit in their company articles.
Floreon is now part of a community of 6,000 businesses globally who have certified as B Corps. The B Corp community in the UK, representing a broad cross section of industries and sizes, comprises over 1,000 companies and include well-known brands such as The Guardian, innocent, Patagonia, The Body Shop and organic food pioneers Abel & Cole.
Chris Turner, Executive Director of B Lab UK, says:
“Being able to welcome Floreon to the B Corp community is hugely exciting. Their commitment to doing business differently will be an inspiration to others and really help spread the idea that we can redefine success in business to be as much about people and planet as it is about profit”.
There are currently over 1000 B Corps in the UK and 6,000 worldwide. Floreon is 1 of 153 plastic based companies worldwide with B Corp Certification”.
About B Lab UK:
There are currently over 600 B Corps in the UK and 4,400 worldwide.
B Lab UK is transforming the economy to benefit all people, communities, and the planet. A leader in economic systems change, our global network creates standards, policies, and tools for business, and we certify companies—known as B Corps—who are leading the way. To date, our global community includes 6,000 B Corps in 80 countries and 153 industries, and over 150,000 companies manage their impact with the B Impact Assessment and the SDG Action Manager.
Floreon has 12 years patented technology in developing high performance plant-based plastics (PLA) that can help combat climate change. It is a sustainable material that in direct comparison to ABS offers seven times lower carbon footprint, yet functions exactly the same.
Floreon is commercially viable, made from plants and offers compostable grades.
Visit www.floreon.com for more information about the company, missions, values and the people.