UK’s Bulb gains B Corp status
United Kingdom’s Bulb has received B Corporation status, becoming the first energy supplier in the country to attain the certification. The award means that the renewable energy company is legally bound to consider the environmental impact of its decisions.
According to a statement from Bulb, the company received the award for “standards of social and environmental performance, accountability and transparency.”
Bulb joins 93 other companies from the UK that have already attained B Corp status. Worldwide, at least 1,600 companies from 42 countries have attained the status.
Other leading UK companies that have B Corp status include ClimateCare, a carbon offsetting company, Ben and Jerry's, an ice cream brand, and Patagonia, a clothing manufacturer.
“We're really proud to be awarded with B Corp status but we know it doesn’t mean anything to people unless we actually behave differently,” said Amit Gudka, the founder of Bulb.
“It’s unsustainable for the industry to treat consumers this way and we're going to change things. We aim to provide a new choice for consumers of reliable, fast, affordable and renewable energy. We want to provide an example to energy suppliers all over the world that there's a better way to provide energy,” he added.
Bulb was founded by Gudka, an electricity trader who once worked for Barclays, and Hayden Wood, a former energy management consultant. It is among the UK’s three all-renewable-energy companies, the other two being Good Energy and Ecotricity.
Bulb claims to be £240 cheaper on average per household annually. It obtains its electricity from producers across the UK, including three independent hydro-electric producers in Scotland and Wales. B Lab UK’s Kate Sandle said that her organisation, a non-profit company that oversees B Corp certification, is “thrilled” about Bulb attaining its status. “It is the first energy provider among our 93 UK B Corps to date. Bulb’s innovative approach of providing a single energy tariff to its community is fantastic,” she remarked.
Published by Green Jobs Online - 14th July 2016