WALTHAM -- Harvest Power, a leader in harnessing the maximum value from organic materials, today announced that it has been certified as a B Corporation, a new designation for corporations that use the power of business to solve social and environmental problems. Harvest was certified by B Lab, a non-profit organization, for its environmentally- and socially-focused business model and its commitment to sustainability.
“Harvest is proud to take the important step of B Corp certification,” said Paul Sellew, Harvest’s CEO. “The performance standards B Lab uses to evaluate companies are directly in line with our core values, and investors and employees alike support our pledge to incorporate social and environmental impacts into decision making at every level.”
Certified B Corporations meet higher standards of social and environmental performance, transparency, and accountability. They must create a positive impact on society and the environment, consider non-financial interests when making decisions and report overall social and environmental impacts as assessed against a third-party standard. To obtain certification, Harvest passed an assessment of its company activities, structure, environmental diligence and community impact.
Companies with B Corp designation are reevaluated every two years to ensure on-going commitment to B Corp principles. Harvest, with its B Corp profile listed here, plans to implement new policies and initiatives that build on those principles. The B Corp community includes companies from 60 industries with $2.9 billion in revenue.
About Harvest Power
Harvest harnesses the maximum value from organic materials by providing recycling solutions, generating clean, renewable energy, and producing soils, mulches and natural fertilizers. Harvest owns and operates facilities in British Columbia, Ontario, California, and throughout Mid-Atlantic, Midwest and Northeast states. The company has a management team with deep experience in composting, renewable energy, supply chain management, engineering, law and finance. Harvest has grown rapidly since its founding in 2008 and has garnered awards for its systems of organics recycling, energy generation and soil revitalization: the company was twice named to the Cleantech 100 Top Global Cleantech companies, designated “Emerging Company of the Year” by the New England Clean Energy Council, and received an SBANE 2011 New England Innovation Award.
About B Corp
Certified B Corporations 1) meet rigorous standards of social and environmental performance; 2) legally expand their corporate responsibilities to include consideration of stakeholder interests; and 3) build collective voice through the power of the unifying B Corporation brand. As of January 2012, there are over 515 Certified B Corporations from over 60 industries, representing a diverse multi-billion marketplace.