Breaking news…there are now 1,000 B Corps in the UK (!) and Ticket Tailor is celebrating being one of them!
This momentous milestone marks that Britain has one of the largest and fastest-growing communities of sustainable businesses in the world. Every new B Corp that joins the movement takes us a step closer to a better, bigger, and brighter future – one where we work collectively for people and the planet. We can create a much greater impact together, than we can alone.
Ticket Tailor Founder and CEO Jonny believes that “Sustainability can no longer be an afterthought – we need to collectively take urgent action if we are to meet the challenges of climate change and social breakdown. B Corp certification is raising the bar for what’s expected from businesses, and provides the guidance and impetus to continuously keep improving.”
With the UN calling for transformational change to avoid climate disaster, now more than ever the UK needs business to act as a force for good. The UK B Corp movement has over 50,000 employees in over 58 industries. And household names who are part of the first 1,000 to have achieved B Corp status in the UK include Innocent Drinks, Jojo Maman Bébé, Mindful Chef, Finisterre, and Sipsmith.
At the time of this milestone:
B Corps are represented in all corners of the UK. At the end of last year, there were just 564 B Corps, now there are 1,000 - to put that into context that’s the same number of B Corps as the whole of mainland Europe. With over 500 B Corps, London is the city with the most B Corps in the world, and they can also be found in cities across the country including Bristol, Manchester, Brighton, Edinburgh and Cardiff. The furthest flung UK B Corp is Bruichladdich distillery on the southwestern tip of the remote Hebridean Island of Islay.
B Corps are strong performers. Compared to traditional businesses, B Lab UK data shows that B Corps have a faster growth in turnover (27% vs 5%) and employee headcount (14% vs 1%), greater levels of employee retention, engagement and diversity, higher levels of innovation and are more successful in securing equity finance (70% vs 56%).
B Corps deliver positive impact for all stakeholders. B Corps commit to measuring and managing their impact on workers, customers, and communities as well as shareholders. And this year 165 UK B Corps were honoured as Best for the World, a global measure of the highest impact B Corp businesses.
B Corps are equipped to step up to the scale of challenges we face. Mission-led businesses are more likely to be reducing the burden of the cost of living crisis for their employees, suppliers and local community than non-mission led businesses and take steps to reduce their impact on climate change and the environment.
B Corps are the proof behind the campaign to change the law with the Better Business Act. This is now backed by over 1,500 businesses. Seven in ten (72%) of the UK public believe business should have a legal responsibility to people and the planet, alongside maximising profit.
We’re proud to be one in a thousand. But this is just the start. We hope to inspire other businesses, particularly in the events and ticketing industry, to join the movement. And who knows, maybe one day we’ll be one in a million.