Using business as a force for good

Conventional wisdom dictates that businesses have to choose between making a positive impact and making money. B Corporations, however, are changing the narrative and proving that profit-making businesses can be a force for good.

 

 

UBQ is a certified B Corporation

Certified B Corporations™ are businesses that meet the highest standards of verified environmental and social performance, legal accountability, and public transparency to balance purpose and profit.

 

In 2018, UBQ Materials became a certified B Corporation with an overall B Impact Assessment (BIA) score of 92.5. The median score for all businesses who complete the assessment is currently 55, and certification requires at least 80 points.

 

Every year, B Lab recognizes the B Corps that have achieved the highest verified scores in the five impact areas evaluated on the BIA:

  • Governance
  • Workers
  • Community
  • Environment
  • Customers

 

In 2019 and again in 2022, UBQ was selected as Best for the World for the environment. This distinction is currently awarded to those companies that are among the top 5% of B Corps in that category.

 

 

What Does it Mean to be a Certified B Corporation?

When a business decides to apply for B Corp certification, it indicates its commitment to meeting rigorous social and environmental standards.

 

At UBQ, we have redefined what success means. Rather than a “profits at all costs” approach, we use the power of business to solve social and environmental problems. With every product that uses UBQ, we are making a better and cleaner world.

 

By converting unsorted waste into UBQ™, a sustainable plastic substitute, UBQ Materials is preventing waste-related emissions, landfill leachate, and other environmental harms as well as helping to build a circular economy. With UBQ™, manufacturers can discover a new use for waste, reduce demand for fossil fuels, and protect our soil, groundwater and biodiversity for future generations.

 

For every 1 ton of UBQ™ produced, 1.3 tons of waste are diverted from landfill, and up to 11.7 tons of CO2eq are prevented. 

 

In line with our B Corp values, the UBQ conversion process was designed to have minimal impact on the environment. The process uses zero water and produces zero effluents.

 

As passionate as we are about enabling environmental solutions, we know they must go hand in hand with social sustainability. We believe harmony between humanity and the environment is not just desirable, but also achievable. We are committed to making environmental materials that can replace petroleum- and wood- based inputs without generating an additional economic or social burden on the poorest sectors of society.

 

 

This commitment extends to the health and safety of the broader community. Poorly managed waste contaminates the air, soil, and water, which can cause health issues. In addition, waste is often exported to developing countries, spreading the problems to other communities. By providing a cleaner, more local alternative to polluting waste treatments, UBQ helps to safeguard the wellbeing of those near and far.

 

We do all this with a team that is extremely diverse. Nationalities from across the globe are represented, as are all major religions. At UBQ Materials, we work together to develop solutions for some of the world’s most intractable problems. We do this while maintaining a safe and inclusive workplace and culture and promoting a work environment in which all individuals are treated equally, with respect and dignity.

 

 

The Sustainable Development Goals and B Corps

The SDG framework is a useful tool for corporations and organizations to develop their own internal sustainability goals and understand how they can be a positive force moving forward. As a UNGC signatory, UBQ is committed to the principles of the SDGs, and our work actively supports many of the goals such as Climate Action, Responsible Consumption and Production, Decent Work and Economic Growth.

 

 

To B or not to B: Becoming a Certified B Corp

The United Nations’ Sustainable Development Goals, also known as SDGs, are 17 interlinked goals designed to be a ”shared blueprint for peace and prosperity for people and the planet”. The SDGs make it clear that we need to think globally and act locally. What do we want our world to look like in 2030 and beyond, and what steps can we take to make that happen?

 

At UBQ, the SDGs have been a roadmap to developing our own internal sustainability goals and understanding how we can be a positive force and help improve life around the world. As a certified B Corp and a UN Global Compact signatory, UBQ is actively supporting and contributing to many SDGs, with a particular focus on the following:

UBQ TAKES ACTION TO COMBAT CLIMATE CHANGE

by reducing total greenhouse gas emissions. UBQ prevents methane (from landfills) and carbon dioxide (from incinerators and oil production) from being released into the atmosphere.

UBQ CONTRIBUTES TO MORE SUSTAINABLE PRODUCTION PATTERNS

by decreasing demand for raw materials and increasing the amount of material recycled. UBQ is a recycler of last resort, capturing waste that is difficult to recycle and converting it to a novel material that can replace virgin plastics.

UBQ SUPPORTS SAFE, SUSTAINABLE CITIES

by improving waste management and increasing the supply of resource-efficient building materials. UBQ turns hard-to-manage waste into building materials such as pipes, bricks, and flooring.

UBQ PROMOTES SUSTAINABLE INDUSTRY AND INNOVATION

by providing added manufacturing value with low emissions. UBQ™ is a versatile, cost-competitive alternative to common oil-based raw materials.

UBQ STRENGTHENS INTERNATIONAL PARTNERSHIPS FOR SUSTAINABLE DEVELOPMENT

by sharing knowledge and engaging in thought leadership. UBQ participates in international conferences, exchanges ideas with many environmental organizations, and builds coalitions for more aggressive climate and waste policies.