We’ve just been named Best for the World™! This is an honour given to certified B Corp’s with top B Impact Assessment scores. Intrepid has been recognised in the governance category for our recent efforts to ‘mission lock’ our Constitution. Never heard of a mission lock? Don’t stress: here’s what it actually means.
Becoming a certified B Corp is no easy feat. It involves months of work, reams of (virtual) paperwork, and trawling through your entire way of working to find ways to do things better. Ways that will benefit people and the planet.
We became a certified B Corp in 2018, and when we recertified last year, we worked even harder to make Intrepid better for the world. And it paid off; we upped our score from 82.7 to 91.2 – that means we’ve increased our positive impact on people, communities and the planet by 10 per cent. Nice, hey?
Here’s something else that’s pretty nice. Each year, B Lab, the team who certify B Corps around the globe, honours their Best for the World™ B Corps. This distinction recognises B Corps that have achieved a score in the top five percent of one or more impact areas in their B Impact Assessment.
We scored in the top five per cent for Governance, which covers our overall mission, ethics, accountability and transparency. Our work in these areas mean we’re using Intrepid as a force for good (which was our plan all along!).
We were able to achieve this score by switching up our company Constitution – in B Corp-speak it’s called a ‘mission lock’. A mission lock pretty much does what it says on the box: it locks in our mission as a for-purpose/people/planet organisation so we can’t – and won’t – get waylaid by pursuing profits. Essentially, it’s a formal commitment to create value for all stakeholders (not just shareholders) and balance purpose and profit in our decision making.
It’s an exciting time. Among the Best for the World™, we’re rubbing shoulders with over 70 other B Corps in the Australia and New Zealand region, like Australian Ethical, KeepCup, Hepburn Energy and Who Gives A Crap. That means that there are 70 other businesses in our region who are actively making change, putting their mission first, and striving to be part of a movement of better businesses. We know that this journey doesn’t have a final destination, but it’s important that we continue to take conscious steps forward. This mission lock, and this recognition, is another one of those steps, and we’re so proud of the team who are working furiously behind the scenes to keep pushing forward with our goals.