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NewAge Industries received B Corp certification from B Lab, a nonprofit organization that creates standards, policies, and tools for businesses.
NewAge Industries, a plastic and rubber tubing manufacturer, announced on March 31, 2021 that it has achieved B Corp certification from B Lab, a nonprofit organization that creates standards, policies, and tools for businesses.
According to a NewAge press release, the B Corp certification, which measures companies on their environmental performance, transparency, and accountability, was awarded after B lab took note of NewAge’s charitable contributions; its support of company employees and their physical, mental, and financial well-beings; retirement and bonus plans; and the introduction of a wellness committee to promote healthy lifestyles.
“We’re audited for financials and quality, but no one had examined us for how we operate or for our environmental practices,” said said Ken Baker, NewAge’s CEO, in the press release. “Being certified as a B Corp differentiates us from other suppliers, especially those in the biopharm and pharmaceutical industries. NewAge isn’t a big conglomerate that was formed by buying a bunch of other companies, and we do not have investors who look only at the bottom line. We’re independent, employee owned, and dedicated to staying that way.”