Becoming a B-Corp...

Why did we become a B-Corporation? Well when we break it down, it's pretty simple...

TRACOuk is?a?B?Corp & Registered Social Enterprise company who are committed to doing the right thing socially and environmentally with used F&E.?Certified B-Corps are a new kind of business that?balances?purpose and profit.?

B-Corp Certification is a designation that a business is meeting high standards of verified performance, accountability, and transparency on factors from employee benefits and charitable giving to supply chain practices and input materials.

We clear businesses of furniture and equipment and pass it on to smart companies & smart business owners, that, not only care for the planet but who know that buying quality used F&E creates local jobs while reducing their own costs and adding social value.

'We call that a win for people, a win for the planet and a win to your bottom line!'

TRACOuk have successfully migrated from a local man and van removal company to a national one stop Clearance, Relocation and Storage company. TRACOuk is not your typical re-used hand furniture reseller! Yes we sell and donate used furniture and equipment from offices and businesses and we're very proud of what we do and the impact we make. However, this is a means to an end. The end or what we do with the money is where we differ from your average used furniture reseller.

Social impact is a hot topic with companies scrambling to define and share the impact they make. TRACOuk is no exception. We had to think deeply as to what business we are actually in and why we are in it? To cut a long story short, our answer was to become a B-Corp.

To be a B-Corp means you strive to become a company that is best for the world, not just best in the world. It means B-Corps place equal weight on people and planet in addition to making profit. It also means you consider all stakeholders and not just maximising shareholder returns. Hitherto the majority of companies placed shareholder returns above all else... this is changing... and it's changing very fast.

TRACOuk's 'perceived' social impact therefore is to reduce unnecessary carbon emissions through keeping goods in use for longer. It's important, it's necessary and reuse genuinely reduces companies waste. But TRACOuk creates social impact in another way! From the money made from the sale of re-used furniture, TRACOuk give it away to help entrepreneurs create value where little exists.?

Every year TRACOuk donate 25% of its profit to the 'Sustainable Future Fund'. A fund solely setup to support artisans, makers and doers reuse furniture and equipment that is destined to be recycled. Remember re-use is higher up the hierarchy of waste than recycling or burning!

In 2021 TRACOuk achieved a B Corp score of 91.5 out of 200.?It means we have more work to do and it means we've only just started to make our social impact...but we have at least started!

A few advantages of becoming a B-Corp:

• Encourages Social Responsibility. As a B-corp, TRACOuk are held accountable for social and environmental responsibility. Clients are becoming more interested in sustainable businesses and desire evidence of their social commitment. Customers may see how the companies they support are shaping the world by complying to B corp guidelines that are made accessible.
• Attraction of like-minded Employees. The understanding that your company is actively striving to influence positive social change will attract top talent searching for a sense of purpose in their work. The B-Corp accreditation recognizes the company's employee-centric culture, increasing your capacity to retain top talent.
• Trust. TRACOuk build trust with consumers, communities, and suppliers, whilst providing the upmost care and customer service along the process. Customers can find you trustworthy and want to do business with you when they have trust in your company. Increased consumer involvement, advocacy, and loyalty result from this. This establishes the tone for your company, and when consumers promote firms, they will be able to draw in more clients who are eager to invest in what they have to offer.

In June 2022, TRACOuk received their certificate for becoming a 'Best For The World 2022' winner! TRACOuk are recognised as being at the very top of the category and lead the way in benefiting all people, communities and the planet!

Every year, B Lab recognizes the top-performing B-Corps creating great impact through their businesses. These B-Corps are named 'Best for the World', as their verified scores in the five impact areas evaluated on the B Impact Assessment - community, customers, environment, governance, and workers - are amongst the global top 5% in their corresponding size group.

These businesses are proving that competing not only to be the best in the world, but the best for the world, is a winning strategy, and they can lead the way as more businesses continue to join the movement that is transforming the global economy to benefit all people, communities, and the planet.

‘For recognition of your exemplary practices in the area of workers’ As a Best for the World B-Corp, we are recognised as scoring in the top 5% in the Workers ‘impact area’.?

Workers: Their best practices in work environment aspects like compensation, benefits, training and ownership opportunities, as well as assessing working communication, job flexibility and worker health and safety practices, not only contribute to better conditions for their employees, but also mark the pace and set an example to follow...

Join us to make a difference and buy re-used products with TRACOuk!

Visit our website by following this link: https://recycledassets.co.uk/