Soulbottles Named Germany's Most Sustainable Business

Published on:
by KnowESG
KnowESG_Soulbottles
Image courtesy of Soulbottles

Soulbottles, a social enterprise based in Berlin, has been recognised as the top-rated B Corp firm in Germany. The company earned this impressive ranking by emphasising sustainable practices, charitable giving, and other commendable initiatives.

B Corp conducts a comprehensive evaluation of companies across five impact areas, providing applicants with a detailed breakdown of their rating for each category and subcategory.

This precise reporting system offers businesses clear feedback on their shortcomings and a chance to benchmark themselves against other certified organisations. To become a B Corp company, a minimum score of 80 is required, while the average organisation would only score 50.9.

The B Corp evaluation process considers five impact categories: governance, workers, community, environment, and customers.

Governance focuses on the company's mission, social and environmental impact, and transparency. The workers category is rated based on factors such as financial security, wellness, and employee satisfaction. Community evaluates diversity, equity, and inclusion (DEI) initiatives, economic impacts, charitable work, and supply chain management. The environment category assesses the company's impact on all facets of the climate. Finally, the customers category evaluates the impact of the company's products or services on its customers.

Soulbottles has undergone the B Corp evaluation process three times, consistently improving its score. The company received a score of 84.1 in 2015 and 106.8 in 2018. This year, it has achieved a remarkable score of 167.5, reflecting its unwavering commitment to environmental sustainability.

The company's founders, Paul Kupfer and a close friend, were inspired to promote reusable alternatives to single-use plastic bottles after watching a documentary about plastic waste while studying in Vienna. SoulBottles prioritises charitable giving, donating one euro for each bottle sold since its inception. As the company grew, it optimised its operations, maximising its impact. SoulBottles acquired an ethical sourcing certificate for rubber gaskets, utilised 100% renewable energy sources to produce glass, and reduced paper and cardboard waste in packaging. In addition, it completed water, sanitation, and hygiene projects in Nepal and Zambia.

The mission of Soulbottles is to encourage people to adopt sustainable lifestyles and to promote environmental sustainability. Their latest goal is to revolutionise the glass industry. The company recently unveiled its Ultraglass product line, which utilises a unique technology to strengthen glass products, increase their lifespan, and reduce the industry's carbon footprint.

Co-founder Paul Kupfer states, "Achieving a B Corp rating of 167.5 was an extremely validating moment for me and the entire team, as sustainability has always been our top priority. This spirit has been with us since the beginning, and as we continue to grow, it allows us to have an even greater impact and help more people. We share our profits with those who lack access to clean water, optimise our operations to be environmentally conscious, and tirelessly work to make a positive difference in the world and for the people in it."

To view and compare company ESG Ratings and Sustainability Reports across sectors, follow our Company ESG Profiles page.

For more investor-related news

Source: Big News Network

Share:
esg
esg
esg
esg

Investors Headlines

Over Half of European Companies Invest in Climate Action

Over Half of European Companies Invest in Climate Action

Clean Energy Demand to Surge by Decade's End, Says IEA

Clean Energy Demand to Surge by Decade's End, Says IEA

theScreener, MSCI Collaborate for Enhanced ESG Data Solutions

Forestry Carbon Trades Push China's Green Goals Ahead

Albany International Publishes 2023 TCFD Report

Companies Stay Committed to Sustainability Amid Challenges

How Systemic Funds Can Drive Decarbonisation Efforts

Verra, EPİAŞ Launch Exchange-Based Carbon Credit Trading

Metso Achieves Carbon Neutrality at Sorocaba Factory

Zevero Raises $7M to Expand Carbon Accounting Solutions