HQ Raleigh is officially B Corp Certified!March 16, 2016 11:54 AM
HQ Raleigh Announces Benefit Corporation Certification
One of just 32 NC-based B Corps and only second certified co-working brand in US
HQ Raleigh, the largest entrepreneurial workspace in downtown Raleigh, announced today that the company has become a Certified Benefit Corporation. This news follows a recent announcement of expansion into Charlotte, North Carolina.
HQ Raleigh now joins the ranks of 1500 Certified B Corporations in nearly 50 countries, alongside notable names like Etsy, Ben & Jerry’s, and Patagonia. The company is one of just 32 B Corporations headquartered in North Carolina, including TS Designs, Larry’s Coffee, and its Warehouse District neighbor Baldwin&, and is just the second co-working brand in the nation to achieve this status.
Says HQ Raleigh Director, Liz Tracy, “We became a B Corporation because we wanted to create a space that fostered a culture of intentionality and thoughtfulness. A place where startups could not only grow successful companies, but make a positive social impact and create a vibrant culture for their employees. We knew if we could model B Corps at HQ, we could continue to help startups create great businesses.”
To become a Certified B Corporation, B Lab, the nonprofit that certifies and supports B Corporations, conducted an in-depth evaluation of HQ Raleigh and determined that the organization met its higher standards of social and environmental performance, transparency, and accountability. The performance standards B Corps meet are comprehensive, transparent and verified. Now, unlike a traditional corporation, HQ Raleigh will be legally required to consider its impact on employees, suppliers, community members, and the environment.
In addition to its own certification, HQ Raleigh is on a mission to make the rigorous B Corp certification process easier for the 140+ startups housed at its space. In late 2015, the organization partnered with NC State’s Business Sustainability Collaborative to launch the B Corp Clinic, which connects student teams from Poole College of Management, UNC’s Kenan-Flagler Business School, and Duke’s Fuqua School of Business with aspiring B Corporations to help them achieve a baseline B Impact score and set tactical goals to improve impact over time.
Says Jessica Thomas, Director of the Business Sustainability Collaborative, “It’s very exciting to see HQ officially recognized as a certified B Corporation and join the global community of people using business as a force for good. Our partnership with HQ has been instrumental in providing Triangle students with an opportunity to hone their critical thinking skills, study best practices in responsible business, and help local companies improve their impact over time.”
HQ Raleigh is also involved in the NC B Corps steering committee, which recently won a campaign to bring the global B Corp Champions Retreat to the Triangle this October.
For more information, please contact Allyson Sutton, HQ Director of Marketing, at email@example.com or 919-300-6917.
About HQ Raleigh
HQ Raleigh is a 20,000 square foot shared workspace located in Downtown Raleigh’s Warehouse District, on a mission to foster inclusive communities of entrepreneurs who create lasting economic and social impact. HQ Raleigh addresses two challenges faced by entrepreneurs: building a trusted support community and gaining access to flexible, affordable office space. The space is currently home to over 140 companies and is set to expand across the Southeast. To learn more, please visit http://hqraleigh.com/.
View the organization’s B Impact profile and report here.
About B Corporations
Certified B Corporations are leaders of a global movement of people using business as a force for good. They meet the highest standards of overall social and environmental performance, transparency and accountability and aspire to use the power of business to solve social and environmental problems. There are more than 1,500 Certified B Corporations in over 120 industries and 40 countries with 1 unifying goal – to redefine success in business.