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In the contemporary business environment, where organizations increasingly incorporate Environmental (E), Social (S), and Governance (G) aspects into their operations and management, the B-Corp certification has emerged as a symbol of commitment to broad social responsibility. B-Lab is the entity responsible for certifying businesses, referred to as B-Corps, that adhere to these criteria. Presently, there are over 8,000 companies spanning 180 industries and operating in 92 countries that proudly bear the B-Corp title.
In Luxembourg, the market for B-Corps is still emerging. FARAD Group became the second company certified as a B-Corp in the country in 2017. At its core, being a B-Corp entails striving for the benefit of all stakeholders—people, communities, and the...
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