Insitutek are thrilled to announce that we are officially a Certified B Corporation.
B Corps are a kind of business that balances purpose and profit, leading the way in using business as a force for good.
As a Certified B Corporation, we are now part of a global movement, using the power of business to help build a better economic system for the future: one that puts people and planet at the centre.
Becoming a B Corp means that we make decisions that make a positive impact across our co-workers, clients, suppliers, community, and the environment.
Why becoming a B Corp is important and what does it mean to us?
Our team at Insitutek has always believed in doing business with a purpose beyond just making a profit, creating benefit for all stakeholders, not just our shareholders – and we mean it! Certified B Corporation status is a rigourous independent global validation that we meet the highest standards of social and environmental performance, transparency, and legal accountability.
- For our clients, that means enabling them to push forward with confidence.
- For our workers, suppliers, and the community we support, that means fostering an environment aimed at making the impossible possible.
- For the environment, that means supporting products and projects that enable low carbon more sustainable infrastructure.
Working in the civil construction space, we recognise that approximately 70% of global greenhouse gas emissions come from infrastructure construction and operations such as power plants, buildings, and transport. As a Certified B Corp, we are working hard to make our business a part of the solution, not part of the problem.
The civil engineering and construction sectors have a huge role to play in addressing the carbon emissions reductions we need to achieve to minimise further global warming.
Although a smaller business, we recognised we could make an impact in two ways:
- Direct action in how we do business
- Using influence within the civil engineering and construction industries
One example has been the introduction of TERRA-3000®, a soil stabilisation solution delivering long lasting sustainable soil improvement, a stark contrast to the carbon intensive and environmentally unfriendly lime and cement traditionally used for stabilisation.
Another example has been our support for renewable energy, the poster child of low-carbon infrastructure. Recently, along with 117 other businesses, we have participated in a campaign calling for the Australian government to announce the vision, policies, and investment we need to position ourselves as a world-leading renewable energy exporter.
Our B Corp Journey
Becoming a B Corp is not an easy feat. The B Corp Certification process uses credible, comprehensive, transparent, and independent standards of social and environmental performance, transparency, and legal accountability.
We had to complete the B Impact Assessment which measures our performance in five categories (governance, workers, customers, community, and the environment) and maintain a score of more than 80 points. B Corp Certification is administered by the non-profit B Lab. Here is our B Impact score card.
B Corp Certification is a highly selective global status. Companies must provide strong evidence and documentation that reflects a commitment to balancing profit and purpose.
Our B Corp Certification journey has allowed us to grow up and become more mature in how we operate as a business. It has challenged our thinking and caused us to ask some pretty challenging questions of ourselves and our suppliers.
However, it doesn’t end here. Getting the B Corp certification is just the beginning of the exciting news that we’ll be sharing soon. Stay tuned!