In a significant milestone for the social value sector, Loop, the UK’s leading provider of precise social value measurement software, has announced its B Corp certification. This achievement underscores Loop’s dedication to not only assisting other organizations in maximizing their social impact but also exemplifying these principles within its own operations.
Understanding B Corp Certification
B Corp certification is a rigorous standard that evaluates businesses across five key areas: governance, workers, community, environment, and customers. To achieve certification, a company must demonstrate high social and environmental performance by scoring at least 80 points on the B Impact Assessment and making a legal commitment to be accountable to all stakeholders, not just shareholders. This process ensures that certified companies meet high standards of verified performance, accountability, and transparency.
Loop’s Commitment to Excellence
Loop surpassed the certification benchmark with an evaluation score of 95.7, joining a global community of over 8,000 B Corps. In the UK, this community includes more than 2,000 companies across various sectors, such as The Guardian, innocent, and Patagonia.
Operating across diverse industries—from the built environment to the rail sector—Loop’s software is designed to help clients meet high standards of social and environmental performance, accountability, and transparency. This certification signals that Loop not only assists clients in achieving these standards but also upholds them internally.
Leadership Perspective
Angus Townsend, Director of Social Value at Loop, emphasized the company’s journey and mission:
“As one of the UK’s leading social value solutions for almost a decade, we have seen the world of social value grow and develop. It’s that experience that has allowed us to shape a software tool with unrivalled accuracy, which is further backed up by our team of expert social value economists.
This certification reflects not only our mission to help organisations create meaningful social value but also our commitment to embody those values in everything we do. Now, as a business dedicated to enabling organisations to measure, manage, and maximise their social value, this latest milestone is a proud affirmation of our own commitment to using business as a force for good.
Becoming a B Corp means we meet the high standards of social and environmental performance, accountability, and transparency. It reflects our mission to empower others to understand and amplify their positive impact on people, communities, and the planet. Simply put, it shows we’re not just a tool for measuring social value – we’re creating it ourselves too.”
Broader Implications in the Industry
The B Corp movement has been gaining momentum in the UK since its inception in 2012. Over the past decade, it has grown to include thousands of businesses committed to balancing profit with purpose. This growth reflects a broader shift in the business community towards embracing social and environmental responsibilities alongside financial performance.
Achieving B Corp certification can enhance a company’s reputation, attract socially conscious consumers, and provide access to a supportive community of like-minded businesses. It also serves as a framework for continuous improvement, guiding companies in implementing sustainable practices and making a positive impact on society and the environment.
Looking Ahead
Loop’s B Corp certification adds to its existing accreditations, including Cyber Essentials Plus certification, recognition as a Living Wage Employer, and membership in the Good Business Charter. Additionally, Loop’s parent organization, Pagabo Group, along with its other business units—Pagabo, Sypro, and Risk Manager—have also secured B Corp certification.
As the business landscape continues to evolve, certifications like B Corp play a crucial role in distinguishing companies that are genuinely committed to making a positive impact. Loop’s recent achievement not only highlights its dedication to social value but also sets a benchmark for others in the industry to follow.
