Inflexion celebrates three B Corp certifications in portfolio
Inflexion is delighted to announce that three of its portfolio companies have achieved B Corporation (“B Corp”) certification, reflecting extremely high standards of social and environmental performance, transparency, and accountability.
Premium skincare business Medik8 underwent an Inflexion-led buyout in 2021 and has gone on to create a state-of-the-art manufacturing facility which opened last year. Sustainability has been core to Medik8’s ethos from the outset, with ambitious goals covering carbon action, waste reduction, ethical behaviour and social investment. The business was certified ‘website neutral’ in 2021 – meaning every delivery made from its website since 2013 was carbon offset. Medik8 now aims to achieve Net Zero by 2040, which means reducing its carbon emissions by up to 90% compared to 2021 levels.
Animal nutrition business Lintbells, behind the YuMove brand of mobility supplements for pets, received funding from Inflexion in 2017. The business integrates sustainability as a cornerstone of its business strategy and is working towards a Net Zero pathway centred on science-based targets. Lintbells has also set itself the target of having 100% sustainable ingredients by 2027 through the gradual removal of ingredients that have negative and social impacts.
Sparta Global- the first B Corp certified Hire, Train, Deploy (HTD) provider - is also the first portfolio company within Inflexion to receive this accreditation after it received backing from Inflexion in 2020. Believing that the future of tech talent must be reflective of society today, Sparta Global hires, trains, and deploys diverse technology talent to more than 100 public and private sector organisations across the UK and Ireland. Testament to its social impact is Sparta Global’s overall score of 109.4 in its B Impact Assessment, far above the minimum requirement of 80 points and more than double the median score for businesses completing the assessment.
The firms are among just c. 2,300 in the UK and 8,130 globally to have been verified by international nonprofit organisation B Lab. Each B Corp business will have met high standards across five key impact areas (governance, workers, community, the environment, customers) and must maintain these standards to retain its B Corp certification.
Consideration of ESG issues and action on them are both critical and inherent to responsible investment and sound stewardship. The Inflexion portfolio has access to the right skills, knowledge, and resources to deliver on their ESG ambition, and we are incredibly proud of the strides our portfolio makes in ESG excellence.
