Velvet Care, Central Europe’s fastest-growing consumer tissue producer, has been certified as a B Corp, becoming the first major European company in its industry to achieve this status, reflecting its environmental, social and governance priorities.
B Corps or Benefit Corporations, a global business elite, make commitments to uphold those priorities in their business model and work for profit, people, and planet at the same time. Certification requires companies to meet a set of rigorous standards, and provides guidance for environmental and social aspects of their operations, such as energy efficiency, water consumption and recycling, as well as health and safety standards, human rights and diversity, equity and inclusion.
Velvet CARE received the certification in October, becoming the first company in the portfolio of ESG transformation specialist private equity fund Abris Capital Partners to be certified as a B Corp; the fund received its own certification in May. It is Europe’s only tissue producer with more than 250 employees to be registered as a B Corp, and the ninth Polish company in any industry.
