CGE Certifies as a
02/08/2021: CGE Partners are delighted to announce their certification as a B Corp.
The B Corp certification, granted by B Lab, focuses on the entirety of a business’ operations, covering five key impact areas of Governance, Workers, Community, Environment and Customers. CGE joins a community of 4,000 businesses globally who have certified as B Corps, including 500 in the UK.
CGE has always strived to be a force for good as well as a force for change. This certification from B Lab confirms CGE’s rigorous social and environmental standards as part of its broader investment strategy and activities.
The certification process is rigorous, with applicants required to reach a benchmark score of over 80. They are required to provide evidence of socially and environmentally responsible practices across the business such as investing in employees’ development and wellness, offsetting carbon emissions, and robust ethical governance. To complete the certification, the company will legally embed their commitment to purpose beyond profit in their founding partnership agreement.
CGE comments “At CGE we have always believed in doing the right thing and so applying to become a B Corp was a natural step in our firm’s development. The whole team is thrilled to have achieved this certification and the recognition of our positive and ethical approach to business and the great people we work with”.
Chris Turner, Executive Director of B Lab UK, says “We are delighted to welcome CGE to the B Corp community. This is a movement of companies who are committed to changing how business operates and believe business really can be a force for good. We know that CGE are going to be a fantastic addition to the community and will continue driving the conversation forward”.
“We are pleased to have B Corps of all shapes and sizes as part of our community – from start-ups to multinationals and across many different industries. Business is a powerful force and B Corps demonstrate that you can do good in any sector. Welcoming CGE is an exciting moment because they have an opportunity to lead the way within the UK private equity industry. We and the rest of the B Corp community are really pleased to support CGE in paving the way for a new way of doing things”.
About B Lab UK – bcorporation.uk
B Lab UK is transforming the economy to benefit all people, communities, and the planet. A leader in economic systems change, our global network creates standards, policies, and tools for business, and we certify companies—known as B Corps—who are leading the way. To date, our global community includes 4,000 B Corps in 75 countries and 153 industries, and over 100,000 companies manage their impact with the B Impact Assessment and the SDG Action Manager.
About CGE Partners – cge-partners.com
CGE Partners launched its €440m European mid-market buyout fund in 2019. CGE targets purposeful businesses with a differentiated position and real ambition to grow. Through its sector-focused investment strategy CGE seeks to back companies with an enterprise value of up to €200m, and with ambitious, proven management teams.