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illycaffè Achieves B Corp™ Recertification Under V2 Standards

Commitment to Sustainability and Responsibility

In a significant move that underscores its dedication to responsible business practices, illycaffè has announced its re-certification as a B Corp™ under the newly established V2 standards set by B Lab. This achievement not only highlights illycaffè's ongoing commitment to social and environmental sustainability but also marks another pivotal step in its long-term mission to integrate economic, social, and environmental objectives into its core business strategies.

A New Era for the B Corp Movement

The new V2 standards introduced by B Lab represent a notable evolution in the B Corp certification framework. These standards come with more structured and clear requirements that companies must meet to demonstrate tangible performance and progress across various crucial impact areas. This includes aspects like governance, environmental stewardship, equitable labor practices, climate action, human rights, diversity, and systemic change efforts.

B Lab's rigorous evaluation process involves independent third-party verification, ensuring that companies, including illycaffè, are held accountable for their commitments and actions. The transition to these new standards reflects the changing expectations from consumers and stakeholders regarding corporate social responsibility.

illycaffè's Continuous Journey of Improvement

For illycaffè, obtaining recertification is not merely a checkbox exercise, but part of a broader, conscious approach to managing relationships with diverse stakeholders—from coffee-growing communities to employees and business partners. The company aims to ensure that its operations promote inclusivity, equity, and sustainability within the regions it serves.

Cristina Scocchia, the CEO of illycaffè, emphasizes the significance of this milestone: "Being part of the B Corp movement means embracing a vision of business that measures success not only through economic results, but also through the ability to contribute responsibly and consistently to the well-being of people, communities, and the environment." She highlights that the recertification serves as both an achievement and a motivator for ongoing improvement aligned with the company's values.

The Value of Being B Corp Certified

illycaffè's status as a Certified B Corporation indicates its alignment with standards for social and environmental performance, transparency, and accountability. Juliette Caulkins, Managing Director at B Lab Europe, acknowledges the significance of illycaffè's recertification: "At a time when business expectations are rising, illycaffè leads by agreeing to be assessed and held accountable to these global standards. We commend illycaffè for reaffirming its commitment to the B Corp movement and working towards benefiting both people and the planet."

A Legacy of Quality

Founded in 1933 in Trieste, Italy, illycaffè is a family-owned business known for offering top-quality coffee. The company provides a unique blend of 100% Arabica coffee sourced from nine different beans, served worldwide. Today, illycaffè operates in over 140 countries, and daily it serves over 10 million cups of its celebrated coffee in various settings, including cafes, restaurants, and homes.

The company's commitment to beauty is reflected in its logo designed by famed artist James Rosenquist and its Art Collection featuring designs from over 135 international artists. Additionally, illycaffè aims to elevate coffee culture through its University of Coffee, providing educational opportunities in 24 countries.

In a rapidly evolving market, illycaffè's focus remains on enhancing sustainability practices while ensuring top-quality coffee production. The recent recertification reflects the company's commitment to meet and exceed consumer expectations in both product excellence and ethical business practices.

Conclusion

As illycaffè continues to forge its path within the coffee industry, its B Corp™ recertification serves as a beacon of its dedication to sustainability, accountability, and social responsibility. The company's leadership stands as a testament to the positive change that is possible when businesses prioritize both success and impact on the community and environment.