Mishcon de Reya is celebrating its fifth year of partnership with B Lab UK, supporting purpose driven companies seeking to secure B Corp certification. The B Corp accreditation is granted to businesses that meet the highest standard of verified social and environmental performance, public transparency and legal accountability to balance profit and purpose.
Mishcon de Reya has advised over 40 companies on amending their constitutional documents to satisfy the B Corp legal test.The legal test requires B Corps to undertake to operate for the benefit of all stakeholders, not just shareholders.
Companies supported by Mishcon who have successfully obtained the certification include Proper Corn, The Big Issue, Finisterre and Abel & Cole.
Stefanie Sahmel, Head of Business Innovation at Abel & Cole, expressed her appreciation of Mishcon's quality of service:
Mishcon de Reya were incredibly helpful in changing our articles of association. They were thorough, professional and efficient and without their help it would have taken us considerably longer to do this! Thank you, in particular, to Matilda and Nadim - you made this part of becoming a B Corp a walk in the park.
Nadim Meer, Head of Private Equity and initiator of the partnership between Mishcon and B Lab added:
Mishcon is a values-driven business with a strong sense of purpose. Given that our values align so closely with those of the B Corp community it was a logical step to reach out to B Lab and help support their efforts in promoting B Corps. It has been a privilege to do so and I'm immensely proud that our partnership with B Lab is now into its fifth year. Long may that continue!
If you are considering undertaking the journey to become a B Corp or have any questions about purpose driven businesses, please get in touch with Nadim Meer.