MANITOBA Harvest Hemp Foods is the latest Manitoba company to achieve B Corporation Certification, a growing designation that shows a company's commitment to social and environmental issues as well as profits.
The 15-year-old Winnipeg company is the world's largest hemp food manufacturer, with a growing line of hemp food products.
"We have always subscribed to the triple-bottom-line approach of people, planet and profit, so becoming B-Corp certified was a no-brainer," said Manitoba Harvest Hemp Foods' CEO Mike Fata, adding it "signifies our desire to join together with like-minded companies and use business as a force for good."
Certified B Corporations meet rigorous standards of social and environmental performance, legally expand their corporate responsibilities to include consideration of stakeholder interests, and build a collective voice through the B Corporation brand. As of January, there are more than 900 Certified B Corporations from more than 60 industries and 32 counties, representing a diverse multi-billion dollar marketplace.
Close on the heels of Manitoba Harvest Hemp Foods, the Business Development Bank of Canada (BDC) became the first Canadian financial institution to receive B Corp certification and the 100th Canadian company to join the international community.
Manitoba Harvest joins a group of only two other Manitoba companies that are B-Corp certified. Jeff Golfman's wheat-straw paper company, Prairie Paper, was the first. Manoverboard, a small information technology company, is the other.