Oxbow Partners is ’proud to be recognised as a business that puts people and the wider community before profit’, says founding partner
Industry consultancy Oxbow Partners has today (28 March 2023) announced its certification as a B Corporation.
Certified B Corps are firms verified by accreditor B Lab to meet ”high standards of social and environmental performance, transparency and accountability”.
The accreditation means Oxbow is required to consider the impact of its business decisions on its workers, customers, suppliers, community and the environment.
Other B Corps in the insurance industry include insurtech Lemonade and online broker Simply Business.
Chris Sandilands, co-founding partners at Oxbow Partners, said: “We are proud to be recognised as a business that puts our people and the wider community before profit, and even more proud that we did not have to change anything material about the way we run the business to achieve B Corp status.
“From the day we founded the business, we wanted each and every colleague to feel respected, valued and empowered.”
Oxbow Partners recently joined forces with Insurance Times to launch the Insurtech 50 supplement, which will be published in April 2023.
Oxbow Partners sought B Corp accreditation because its vision was aligned with the environmental and social principles of B Lab, said a statement.
As a certified B Corp, Oxbow Partners now officially meets “rigorous social and environmental standards” representing its commitment to “people before profit”.
Companies are required to recertify every three years – if the firm fails to meet the criteria, it can lose its B Corp status.
Chris Turner, executive director of B Lab UK, said: “We are delighted to welcome Oxbow Partners to the B Corp community.
”This is a movement of companies who are committed to changing how business operates and believe business really can be a force for good.
“We know that Oxbow Partners are going to be a fantastic addition to do just this and lead the way within the Management Consulting and Insurance industry.”