Maritime Tidal Energy Corporation (MTEC), a marine renewable energy consulting company based in Nova Scotia, Canada, announced yesterday that it has exceeded necessary measurements and has become a certified B Corporation.
Only companies that exceed rigorous social and environmental measurements can become a Certified B Corporation.
MTEC was certified by an independent, non profit US company called B Lab. B Lab works toward harnessing the power of business to build a socially and environmentally conscious society. It achieves societal change by building a community of Certified B Corporations to make the difference between “good companies” and just good marketing more obvious.
Becoming a Certified B Corporation solidifies MTEC’s objective of facilitating the development of marine renewable energy while maintaining its responsibility to the communities with whom it works.
“We’re delighted to be part of the B Corporation movement,” said John Wanczycki, President of MTEC . “At MTEC we are about more than just providing value to shareholders. We believe that we can positively contribute to the ‘well-being’ of society and to the sustainability of the planet. Imagine the societal impact when there are thousands of Certified B Corporations.”
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Press release, February 18, 2014; Image: MTEC