Minor Figures has become the first B Corp Certified oat milk in Australia – a recognition of the company’s social and environmental ethos.
Awarded by non-profit organisation, B Lab, Minor Figures joins a group of just 4,856 B Corps globally. It is proud to be among the ranks of companies that are setting the new standard for running a business known as the ‘triple bottom line’. It’s a movement with the collective goal of transforming the global economy to benefit people, communities, and the planet.
To achieve B Corp status, Minor Figures provided documentation demonstrating its policies and practices pertaining to its mission, ethics, accountability, and transparency. The company had to verify how it contributes to employees’ financial, physical, professional, and social well-being. Think: everything from how it pays its people and its retirement programs to its health and safety practices and the training it offers.
The assessment also looks at how the company contributes to the economic and social well-being of the communities in which it operates and, of course, how it measures its environmental impact. This covers the climate and water, at both its production sites and that of its suppliers.
Jonathan Chiu, Co-founder and General Manager APAC, Minor Figures, says that many of the crisis of our time are a result of the way that business is conducted.
“We want to be part of the big movement away from this and contribute to the redefinition of business success. We believe people, planet, and profit are complementary, which is why we are very excited about becoming B Corp certified.”
As a carbon neutral company, Minor Figures offsets 100 per cent of its carbon emissions by investing in carbon credits which are used to support carbon removal projects. Another huge part of Minor Figures’ sustainability efforts is about looking beyond just offsetting its carbon and into ways to reduce it.
Thibault Guenat, Sustainability Manager, Minor Figures, says gaining the B Corp certification is just the beginning of the company’s journey.
“It’s fantastic to officially be joining the B Corp community after 22 months of work, and exciting to be able to work together with other B-Corps on shared challenges. Businesses can be a force for good and Minor Figures embodies that aspiration.
“The next certification cycle will take place in three years and until then we’ll continue to ask ourselves the difficult question: ‘how can we be better?’”