In 2017, refurbed was founded with the goal of reducing the environmental impact of consumption by promoting the circular economy. Now, eight years later, the company has announced that it is officially a certified B Corporation (B Corp). This achievement places refurbed within a global community of businesses that adhere to high standards of social and environmental performance.
What is B Corp certification?
The B Corp certification, awarded by B Lab, a non-profit organization, recognizes companies that demonstrate strong commitments to social and ecological standards. Certified B Corporations are at the forefront of a global movement aimed at fostering an inclusive, equitable, and regenerative economy. The “B” stands for “Benefit for all,” reflecting the ambition of businesses to create positive impacts on workers, communities, customers, and the planet.
As part of the certification process, B Corps pledge to transform economic systems to better serve people and the environment. Refurbed’s certification reaffirms its dedication to balancing profit with purpose, ensuring that business decisions benefit all stakeholders.
Why did refurbed receive B Corp certification?
Refurbed underwent an extensive evaluation by B Lab across five key areas: environment, employees, customers, community, and governance. This assessment is public and promotes transparency and accountability. B Corps are legally required to consider the impact of their decisions on all stakeholders, making this certification a framework for continuous improvement rather than a one-time achievement.
Every three years, refurbed will undergo a re-evaluation to ensure it continues to meet B Lab’s evolving standards. This approach aligns closely with the company’s commitment to supporting the circular economy and offering sustainable alternatives to traditional consumption models.
Why is this important for refurbed?
B Lab, established in 2006, envisions a more inclusive and just economy. This vision resonates with refurbed’s mission of transforming consumer habits in favor of sustainable consumption. As global and individual consumption continues to grow, refurbed sees the shift to a circular economy as the solution.
By achieving B Corp certification, refurbed underscores its commitment to reducing the environmental impact of electronics consumption and promoting a circular product lifecycle. The certification reinforces the company’s focus on creating long-term value for all stakeholders.
Peter Windischhofer, co-founder of refurbed, said, "Achieving B Corp certification is a major milestone for refurbed. It validates our efforts to build a more sustainable and ethical business model that supports the circular economy. This certification is not the end of our journey but a promise to continue improving and positively impacting our community and the environment."
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