Jan 20

WasteZero Recertified as a B Corp

Contact:
Joshua Kolling-Perin
Director, Public Engagement
919-322-1207
jkollingperin@wastezero.com

Raleigh, N.C. – Jan. 20, 2016 – WasteZero, the leading waste reduction company in the U.S., today announced that B Lab, a nonprofit organization that uses the power of business to solve social and environmental problems, has again recognized the company as a Certified B Corporation™ (B Corp). WasteZero was first certified as a B Corp in 2013, with a “B Impact Assessment” score of 80; the company’s B Impact score for the recertification increased to 96, significantly higher than the median score of 80.

Certified B Corporations meet rigorous standards of social and environmental performance and build collective voice through the power of the unifying B Corporation brand. Unlike traditional corporations, Certified B Corporations are legally required to consider the impact of their decisions not only on their shareholders, but also on their stakeholders (e.g., the community, the environment, workers, suppliers, and consumers).

To be recertified as a B Corp, WasteZero underwent a rigorous and detailed investigation of its environmental impact, its impact on the communities in which it operates, its business governance, and its treatment of its workforce. WasteZero’s full B Impact Report is available to the public here: http://www.bcorporation.net/community/wastezero-inc/impact-report/2016-01-06-000000.

WasteZero scored especially high in the Environment section of the B Impact Assessment, earning 44 points, compared with a median score of 9. This section evaluates companies’ performance in areas such as environmental products and services, environmental practices, and use of natural resources.

B Lab has recognized WasteZero as a “Best for the Environment” B Corp twice, in 2014 and in 2015. The award goes to companies in the top 10% of all Certified B Corporations for their Environment score on the B Impact Assessment.

WasteZero joins more than 1,550 Certified B Corporations from more than 130 industries and 42 countries, representing a diverse multi-billion dollar marketplace.

WasteZero President Mark Dancy said, “We are honored that B Lab has again looked closely at our operations and agreed that we are successfully using market forces to solve social and environmental problems.”

Last October, WasteZero Chairman John Campbell delivered a presentation on how WasteZero’s programs help cities and towns accomplish their environmental and social goals at the annual “B Inspired” event in Portland, Ore.:

About WasteZero

WasteZero, the leading provider of municipal solid waste reduction programs in the U.S., is on a mission to cut residential trash in half across the nation. WasteZero partners with hundreds of municipalities throughout the U.S. to reduce the amount of waste landfilled and burned, increase recycling, and generate savings. The company helps municipalities design, launch, and manage next-generation pay-as-you-throw systems, in which people pay by the bag for their solid waste services. These programs increase individuals’ awareness of the cost of their trash, reducing solid waste by an average of 44% and doubling or sometimes tripling recycling rates. In most cases, WasteZero is able to guarantee its municipal customers that its programs will meet or exceed specific waste reduction targets.

WasteZero manufactures the customized specialty plastic trash bags for its programs and other customers in the U.S. from recycled content. It is committed to creating U.S. jobs and to solving the nation’s solid waste crisis. A certified B Corporation, WasteZero is a national organization with key management offices in Raleigh, N.C., the Boston area, and Maine, as well as a manufacturing facility in Hemingway, S.C.

For more information, visit www.wastezero.com.

About B Lab

B Lab is a nonprofit organization that serves a global movement to redefine success in business so that all companies compete not only to be the best in the world, but the best for the world. B Lab drives this systemic change through a number of interrelated initiatives: 1) building a community of Certified B Corporations to make it easier for all of us to tell the difference between “good companies” and good marketing; 2) passing legislation to accelerate growth of social entrepreneurship and impact investing (12 states have already passed benefit corporation legislation); 3) driving capital to high-impact investments through the use of GIIRS Ratings and Analytics; and 4) providing free, powerful tools for businesses to measure, compare and improve their social and environmental performance.