Progressive Improvements in B Corp Certification: 2020 vs. 2023

Comparing Our Journey from a Service-Based Business to a Manufacturer: A 15% Improvement

Today, Speco proudly shares our B Corp recertification scores, showcasing remarkable strides in our commitment to ethical, sustainable, and responsible business practices. As we transitioned from a service-based business model to a manufacturer over the past three years, our impact measurement has expanded from a localized footprint in Singapore to a global scale.

Here's a breakdown according to the five pillars of B Corp certification:

1. Governance: Score Improvement: 6.2 (2020) to 16.8 (2023)

Over the past three years, Speco's commitment to robust governance has more than doubled. This significant improvement is attributed to:

Enhanced Transparency: We adopted stricter disclosure practices, ensuring all stakeholders have access to key operational and financial data.

Strengthened Ethical Framework: Our continuous efforts in training, monitoring, and reporting have embedded ethics deeply into our everyday operations.

2. Workers: Score Change: 43.0 (2020) to 35.4 (2023)

While we saw a dip in our workers' score, this was primarily due to our shift in business model, resulting in a smaller workforce size over the past two years as we pivoted and focused on overseas markets. Nevertheless:

Mission Lock for Workforce Development: Despite the shift, our foundational commitment to upskilling and training remains intact. Every worker, whether new or longstanding, receives the training and support they need to excel.

3. Community: Stable Commitment with a variance of 5%

Our score in the community pillar remains steady, underscoring our unwavering commitment to societal benefits. Key initiatives include:

Civic Engagement: We continued our active participation in local and global initiatives, advocating for positive societal changes.

Diversity and Inclusion Hiring: Our workforce reflects a diverse group of talents, promoting inclusivity at every level.

Economic Impact: We take pride in the ripple effect our business has on economies, providing opportunities and stability where we operate.

4. Environment: Score Leap: 12.9 (2020) to 25.2 (2023)

Our most commendable improvement lies in our environmental stewardship. Steps taken include:

Comprehensive Environmental Management: Streamlined protocols ensure we adhere to and often exceed environmental best practices.

Air & Climate Initiatives: Adopted cleaner technologies and practices, leading to reduced emissions and carbon footprint.

Water Conservation: We integrated water-saving technologies and wastewater management systems.

Land & Life Advocacy: Initiated and supported projects that focus on biodiversity and habitat preservation.

5. Customer Stewardship: Near Perfection!

Our commitment to our customers remains unparalleled. We consistently prioritize their needs, ensuring product safety, quality, and transparent communication.

In conclusion, as Speco enters our eighth year of operations, our B Corp scores reflect not only our growth but also our undying dedication to a sustainable and responsible global future. We extend our gratitude to our employees, partners, and customers for being part of this transformative journey.