Lion has announced it has become a certified B Corporation, supporting the company’s long-term commitment as a force for good.
Some Lion brands, including Stone & Wood, have previously gained a B Corp certification, this certification is for the entire business so each Lion brand can say it is produced by a certified B Corporation.
Lion Group CEO, Sam Fischer said: “We are delighted to be recognised as a Certified B Corporation across Lion as a whole. Being a force for good has always been part of Lion’s DNA, but B Corp Certification has given us a framework to go even further.
For almost two centuries, we’ve believed in making a strong contribution to our communities and managing Lion for the long-term, and this certification supports that commitment for the years to come.
“B Corp Certification provides independent verification of Lion’s commitment to measuring success not just in profit, but in the positive impact we create together with our partners.”
Lion has achieved B Corp certification after scoring 80.6 on the B Impact Assessment, surpassing the 80-point threshold required and well above the global median score of 50.9 for standard businesses.
As part of the certification process, Lion also amended its constitution to formally embed a commitment for directors to consider the long-term impact of business decisions on employees, suppliers, customers, communities and the environment.
Fischer added: “When our trade partners choose to work with Lion, our B Corp Certification is further evidence that they’re partnering with a business that places people, planet, purpose, and profit on equal footing.”
B Lab Australia & Aotearoa New Zealand CEO, Andrew Davies said he was ‘thrilled’ to welcome Lion to the B Corp community.
“Stone & Wood was one of the earliest businesses in the region to become B Corp Certified, and it’s exciting to see the broader Lion business take this next step,” he said.
“Our Theory of Change has always been grounded in the idea that early adopters would pave the way for larger, more complex businesses to follow, and Lion’s certification is that theory in action.
“When a large business like Lion uses B Corp Certification to measure and improve its impact, it sends a powerful message to the broader business community that it is possible to prioritise people and planet, alongside profit.”