Procurement Magazine September 2021 | Page 115

* Certified B Corporations
ESG

* Certified B Corporations

Certified B Corporations are businesses that meet the highest standards of verified social and environmental performance , public transparency , and legal accountability to balance profit and purpose . - Bcorporation . net
prime virgin and recycled resin , whether it be Post-Consumer Resin ( PCR ) or Post- Industrial Resin ( PIR ). Yet recycled resin is harder to use , can increase your cycle times , cause wear on your machines , and inconsistencies in end products . All issues can be dealt with , yes , but only if the motivation is there . Conscious consumerism aside , shareholders demanding retailers and the need for profits remain in the middle . Katz couldn ’ t be more right , economic equation is paralysis , and that ’ s exactly where we ’ re at .
It seems , however , that might be about to change .
The Sickness of Capitalism “ What has to be on board are the [ shareholders ]. Shareholders have to seat themselves second to the world , right now it ' s a fiduciary . There is a fiduciary duty to return materials at as low a price as possible . That ' s what ' s received us here . So , okay , it ' s capitalism that might have to shift a little bit . So we ’ re enlivened by B Corp *, by a movement towards conscious capitalism , creating a space for the world to do well in the world and be rewarded for it . It ' s deeper than the recycled content .”
THIS . The man knows how to make an old girl smile . It ’ s my hope , I say , that even shareholders will ultimately be led by the end consumer , so conscious buying may
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