FERO ATTAINS B CORP CERTIFICATION

FERO is delighted to announce it is now a Certified B Corporation, the first in the UK POS industry.

To certify as a B Corporation, businesses must meet comprehensive standards across the five areas of: Governance, Workers, Community, Environment and Customers. Certified B Corporations are legally required to consider the impact of their decisions on all stakeholders across these areas, not just shareholders; ultimately balancing profit with purpose.

Richard Saysell, Managing Director of FERO commented: ‘In a world where significant change is needed, we wanted to take time to understand how we could genuinely improve our business and its wider impact on our stakeholder communities and environment. Due to the rigorous and exacting nature of B Corp assessment we knew it would be well suited to stretch us now and into the future. I hope our Certification demonstrates to our clients, and all our stakeholders, how committed we are to working to the highest standards of social and environmental performance.’

B Corporation Certification ensures each company is committed to positive stakeholder impact for the long-term through transparency and continued verification. According to a recent article in The Independent, over 100,000 companies have signed up to the B Corp assessment, yet to date only 6,351 have been Certified worldwide.

Saysell added: ‘We are immensely proud to have achieved B Corporation Certification but view this as a first step in our on-going journey. The B Corporation Framework will continually push us to deliver more for our community, clients, colleagues and suppliers.’