Madrid—Pharmactive Biotech Products, SLU, is now a certified B Corporation supplier company. The honor demonstrates the “company’s dedication to upholding high standards in terms of social and environmental performance, transparency, and business excellence.”
“We always consider the social and environmental impact of our activities and have adopted a legal entity that requires all stakeholders to be considered in the decision-making process,” said Jean-Marie Raymond, CEO, Pharmactive Biotech Products. “We believe this is an important aspect to ensure the success, continuity, and profitability of our business. Our mission is to bring to market innovative products of natural origin that promote well-being, while having a positive social and environmental influence.”
In order to receive the B Corporation certification, companies must meet and adhere to certain standards and regulations. These include management performance across the entire company, with an emphasis on five key areas: governance, employees, community, environment, and customers. Companies must provide tangible evidence of good practices in these key fields.
Environmental Efforts
Pharmactive has a long sustained history of supporting extraction and souring of natural botanicals. Their sustainable practices result in limited industrial processing, low energy consumption, and minimal waste production. The electricity used is 100% renewable and the water used during extraction of active ingredients is always recycled. All products are shipped in 100% recycled cardboard containers.
Social and Economic Measures
Pharmactive, boasts a 60% women-powered workforce, and half the management team is female. Pharmactive works to support the communities in which they source ingredients. In Las Pedroñeras, a community in Castilla-La Mancha, local farmers are hired to source black garlic used in the ABG10+ formula for aged black garlic extract. Additionally, the company encourages flexible working hours to permit families to have a healthy work life balance.
“We are delighted to welcome Pharmactive to the B Corp community, a movement that includes more than 7,000 companies from around the world that are leading a new way we conduct business and who believe they can truly be a force for the global good,” said Pablo Sanchez, CEO of B Lab Spain. “Pharmactive is a prime example of how these results can be achieved. The company’s commitment to doing business differently will inspire others and really help spread the idea that we can redefine success in business to be as much about people and the planet as it is about profit.”
