BOULDER, COLO. – Organic milk processor Horizon Organic and Australian-style organic Greek yogurt maker Wallaby jointly announced they earned B Corp Certification, noting the process involved verifying performance, accountability and transparency across a number of business areas.
The dairy companies – Platinum Equity acquired them from Danone SA, Paris, earlier this year – said their operations involve “doing business and doing good,” and the B Corp status builds on their core values, reinforcing “a commitment to inspiring better living through innovative dairy brands.”
Both Horizon Organic and Wallaby had previously received B Corp status under Danone North America. They will continue to carry the B Corp seal on their dairy products after reaffirming that status.
“Attaining B Corp Certification underscores our longstanding dedication to doing business responsibly and always with sustainability as our North Star,” said Tyler Holm, chief executive officer of Horizon Organic and Wallaby. “Now is the time to continue operating with people and the planet in mind and to lean into a culture of continuous improvement aimed at doing business that’s better for our employees, the environment and the communities where we live, work and operate.”
Horizon Organic and Wallaby shared that through the B Impact Assessment, they received a score of 95.5 out of 200. The digital assessment takes into account a company’s performance with regards to the environment, communities, customers, suppliers, employees and shareholders.
A company must receive a minimum verified score of 80 to achieve B Corp Certification. The companies noted that the historical medial score for businesses in 51.6 and about 40% of companies that go through the process obtain certification.
The dairy product makers said their impact commitments and programs “increase employee engagement, reduce waste, combat the threat of climate change, enhance biodiversity and create shared value within the supply chain.”
João Campos, B Lab growth manager for large and multinational companies, said the non-profit looks forward to working with the companies “as a force for good,” adding “Horizon Organic and Wallaby will remain committed to redefining success in business to ensure the consideration of the wellbeing of all stakeholders.”