The certification has been awarded by B Lab, the not-for-profit behind the B Corporation movement. 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. B Corporations are accelerating a global culture shift to redefine success in business and build a more inclusive and sustainable economy.
“The B Corporation certification is a significant milestone for Summa Equity and something which is deeply aligned with our purpose of investing to solve global challenges. By being part of this influential and rapidly growing global movement, we hope to inspire others to follow while continuing to push ourselves to build a better business and a better world,” says Managing Partner of Summa Equity, Reynir Indahl.
Founded in 2016, Summa was one of the first private equity firms to align its vision and outcomes to the UN Sustainable Development Goals, ensuring a net-positive impact against ESG challenges. Its investments are focused on industries and companies within three sustainability megatrends: Resource Efficiency, Changing Demographics, and Tech-Enabled Transformation.
As a B Corporation, Summa Equity is now part of a community of 4,000 businesses globally. The B Corporation community in Europe, representing a broad cross section of industries and size of business, comprises over 600 companies and includes well-known brands such as The Guardian, The Body Shop and organic food pioneers Abel & Cole. Summa Equity’s B Corporation certification is a notable step and signals a shift towards greater accountability and transparency in the private equity sector.
Chris Turner, Executive Director of B Lab UK, says “Being able to welcome Summa Equity to the B Corporation community is hugely exciting. The firm’s commitment to doing business differently will be an inspiration to others and really help spread the idea that we can redefine success in business to be as much about people and planet as it is about profit. We know that Summa Equity is going to be a fantastic addition to the community and will continue driving the conversation forward”.
Read more about B Lab & B Corporation here.