Boulder, CO—Charlotte’s Web Holdings, Inc. has earned B Corporation certification, according to a press release. In connection with the certification process, and as approved by shareholders of the company, Charlotte’s Web has converted to a “benefit company” in accordance with the Business Corporations Act.
Certified B Corps are for-profit companies that use business to build a more inclusive and sustainable economy, the press release explains. B Corps are required to consider the impact of their decisions on customers, workers, communities, and the environment. Globally since 2006, more than 60,000 companies have been assessed for B Corp status, but only 3,499 have been certified to date.
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“Becoming a certified B Corp was important to Charlotte’s Web as it aligns with our vision for conducting our business, from seed to shelf, to benefit the greater good in society, our environment, for our employees and our communities,” said Deanie Elsner, Charlotte’s Web’s CEO, in the press release. “This was a comprehensive, precise and illuminating process, teaching us where we are strong and where we can focus for continuing improvement.”
“It’s exciting to have such a pioneering company like Charlotte’s Web join our B Corp Community,” added Lindsey Wilson, B Lab’s Business Development Manager, “This recognition formally acknowledges all the good work Charlotte’s Web has been doing with regenerative and organic agriculture and its impressive history of support of community sectors in need.”
“We welcome Charlotte’s Web to our global community of positive change makers, each a for-profit company, using the power of more conscious decision-making to serve the greater good for the planet and its people,” said Kim Coupounas, B Corp’s Global Ambassador.