22nd May 2024
Adsure Services
PLC
B Corporation
Certification
Adsure Services PLC ("Adsure"), the holding company for TIAA
Ltd (together, "the
Group"), a specialist business assurance provider, is
pleased to announce TIAA Ltd
has received certification as a B Corporation ("B
Corp"), joining a growing movement of companies reinventing
business for the benefit of all people and our shared
planet.
Verified by B Lab, the
not-for-profit organisation behind the B Corp movement, the
achievement demonstrates that TIAA Ltd
meets high standards of social and environmental performance,
transparency, and accountability alongside a commitment to goals
beyond shareholder value.
B Corp Certification assesses the
entirety of a business' operations and currently covers five main
impact areas: Governance, Workers, Community, Environment and
Customers. The certification process is rigorous, with companies
required to reach a score of 80 points in the B Impact Assessment
while providing evidence of responsible practices relating to
energy supplies, waste and water use, worker compensation,
diversity, and corporate transparency. A business must also legally
embedded their commitment to purpose as well as profit in their
company articles.
TIAA Ltd is
now part of a growing community of over 8,000 businesses globally
that have certified as B Corps. The B Corp community in the UK is
one of the largest and fastest-growing in the world, with over
1,700 companies spanning a range of different industries and
sizes.
Kevin Limn, Chief Executive Office
of Adsure Service PLC, says:
"We are delighted to be joining the
B Corp community. To be part of a growing network of businesses
seeking to make a positive impact, is an honour. It is great news
for our staff, customers, and shareholders, validating the great
work our teams do to support our clients in providing public
services of the highest quality. We want to make a difference in
all that we do and will utilise this certification to enable us to
expand our reach to do more."
Chris Turner, executive director of
B Lab UK, says:
"We are pleased to have B Corps of
all shapes and sizes as part of our community - from startups to
multinationals and across many different industries. Business is a
powerful force and B Corps demonstrate that
positive impact is possible in any sector. Welcoming TIAA Ltd is an
exciting moment for the Business Assurance industry. B Lab UK and
the rest of the B Corp community are really pleased that TIAA Ltd
is paving the way for a new way of doing things."
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Adsure Services PLC
Kevin Limn, Chief Executive
Officer
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T: +44 (0) 845 300 3333
E: enquiries@adsureservicesplc.co.uk
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Guild Financial Advisory Limited - Corporate
Adviser
Ross Andrews
Evangeline Klaassen
|
T: +44 (0)7973 839767
E:
ross.andrews@guildfin.co.uk
T: +44 (0)7972 841276
E:
evangeline.klaassen@guildfin.co.uk
|
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Redchurch Communications - Financial PR &
IR
John Casey / Nicky
Bagheri
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T: +44 (0) 207 7870 3974
E: ads@weareredchurch.com
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ABOUT ADSURE
Adsure Services PLC is the holding
company for TIAA Ltd, a specialist in providing dynamic support to
organisations in navigating the complex world of strategic
risks.
Adsure Services' portfolio of
advisory and assurance services is tailored to align with key
economic risks impacting the business world. Through its
wholly-owned subsidiary, TIAA ltd, Adsure Services provides
internal audit, anti-crime, security management, IT audit, cyber
assurance and advisory services.
About B Lab: B Lab is
transforming the global economy to benefit all people, communities,
and the planet. A leader in economic systems change, our global
network creates standards, policies, tools, and programs for
business, and we certify companies - known as B Corps - who are
leading the way. To date, our community includes 730,000 workers in
over 8,000 B Corps across 95 countries and 162 industries. More
than 280,000 companies manage their impact with the B Impact
Assessment and the SDG Action Manager. B Lab has created and led
efforts to pass over 50 corporate statutes globally that enable
stakeholder governance, with over 10,000 companies using the legal
framework. To learn more and join the movement, visit
www.bcorporation.net.
About B Lab UK: As part of this
global non-profit network, B Lab UK's purpose is to redefine
success in business through building a community of engaged
businesses, raising awareness of the B Corp movement and
influencing change in the UK economy. Find out
more.
About B Corp Certification: B Corp
Certification doesn't just
evaluate a product or service, it assesses the overall social and
environmental impact of the company that stands behind it. To
achieve B Corp Certification, a company must meet a score of at
least 80 points on the B Impact Assessment, an evaluation of a
company's positive impact, and pass a risk review, an evaluation of
a company's negative impact; change their corporate governance
structure to be accountable to all stakeholders, not just
shareholders; and exhibit transparency by allowing information
about their B Corp Certification performance to be publicly
available on their B Corp profile on B Lab's website. B Corps
recertify every three years and once certified, are expected to
increase their score over time as they progress towards becoming
more equitable, inclusive and regenerative businesses.