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RNS Number : 0915U
Kin and Carta PLC
01 December 2021
For immediate release
1 December 2021
Kin and Carta plc
Kin + Carta Plc Earns B Corp Certification
First business on the London Stock Exchange to achieve global B
Corp Certification
Kin and Carta plc (the "Company" or "Kin + Carta"), the global
digital transformation ('DX') consultancy, announces today that it
has officially become a Certified B Corporation, joining a global
group of companies using business as a force for good. This makes
Kin and Carta the first publicly-traded business on the London
Stock Exchange to gain the accreditation, and one of 4,000
certified B Corps globally, with B Corporations already listed on
other stock exchanges including NASDAQ and Euronext.
As businesses, Certified B Corporations ('B Corps') consider not
just shareholder value, but the impact on all stakeholders -
employees, customers, society, and the environment. B Corps work
toward reduced inequality, lower levels of poverty, a healthier
environment, stronger communities, and the creation of high-quality
jobs with dignity and purpose. B Corp Certification is a rigorous
third party accreditation, often taking several years to achieve,
and requiring significant investment of both time and money from
companies. Kin + Carta chose to work towards the B Corp
Certification above all other ESG standards because it aligns with
the values that Kin + Carta itself holds and provides an excellent
framework to aid in accomplishing and prioritising the company's
social responsibility goals.
This is a very significant milestone in Kin + Carta's
responsible business journey, as the group has now become a
Certified B Corporation across all markets in which it operates and
as a plc. On 25 January 2021 Kin + Carta earned B Corp
certification for its Americas division and on 21 September 2021,
Kin + Carta's shareholders voted to pass a special resolution to
amend its articles of association, which now commit the Board to a
"triple bottom line" approach to decision making, seeking to
balance considerations around people, profit and planet. On 1
October 2021, the Company achieved B Corp certification for its
European division and today's announcement is the final step,
establishing Kin + Carta as a leader in ESG and responsible
business practices.
John Kerr, Chairman of Kin + Carta said:
"Kin + Carta's commitment to becoming a certified B Corporation
encompasses our role in society and our role with our clients,
while being an enabler for our people to achieve their ambitions.
All of this has been driven by a number of highly motivated people,
but achieved by our Kin globally, all of whom have been dedicated
to making it happen. I'm incredibly honoured to be able to announce
that Kin + Carta is the first business on the London Stock Exchange
to achieve global B Corp Certification and I look forward to what
the future holds for the Group."
J Schwan, CEO said:
"Kin + Carta's mission is to build a world that works better for
everyone, and today this goal has been validated against the very
highest standards. Our bottom line is not just about profit; it's
about people and the planet too. We're motivated by a desire to
place value in action over words, and build a successful business
that gives back to the world in which it operates.
"As part of this journey, we're hugely proud that 99% of our
shareholders voted that we should pursue this path, making us a
rare example of a public company that has chosen to become a B
Corp. I hope it inspires others, and reinforces the reason why so
many talented and forward-thinking people come to work for us."
Chris Turner, Executive Director of B Lab UK said:
" At B Lab, we're transforming the global economy to benefit all
people, communities and the planet. Today's announcement from Kin +
Carta as the first business on the London Stock Exchange to achieve
global B Corp Certification marks a huge milestone in our journey
as shareholders voted to prioritise stakeholder value over
shareholder value. This is the start of a growing trend in UK Plc's
in shifting perceptions of what defines value and we very much
welcome and support others looking to do the same."
Enquiries:
Kin + Carta
J Schwan CEO +44 (0) 207 928
Chris Kutsor CFO 8844
Powerscourt
Elly Williamson / +44 (0)7970 246
Jane Glover 725
Numis Securities
Limited
Nick Westlake / Matt
Lewis +44 (0)207 260
Peel Hunt LLP 1345
Edward Knight/John +44 (0) 20 7418
Welch 8900
About Kin + Carta
Kin + Carta is a London Stock Exchange-listed global digital
transformation consultancy committed to working alongside clients
to build a world that works better for everyone.
Kin + Carta's 1,700 strategists, engineers, and creatives around
the world bring the connective power of technology, data, and
experience to the world's most influential companies - helping them
to accelerate their digital roadmap, rapidly innovate, modernise
their systems, enable their teams, and optimise for continued
growth. Headquartered in London and Chicago with offices across
three continents, the border-less model of service allows for the
best minds to be connected to collaborate on client challenges.
With purpose at its core, Kin + Carta became the first
publicly-traded business on the London Stock Exchange to achieve B
Corp certification as a PLC. It meets the highest standards of
verified social and environmental performance, public transparency,
and accountability to balance the triple bottom line of people,
planet, and profit.
For more information, please visit https://www.kinandcarta.com
.
Important notices
This announcement contains inside information and is issued on
behalf of the Company by Daniel Fattal, Company Secretary.
Cautionary statement regarding forward-looking statements
This Announcement may contain "forward-looking statements" with
respect to certain of the Company's plans and its current goals and
expectations relating to its future financial condition,
performance, strategic initiatives, objectives and results.
Forward-looking statements sometimes use words such as "aim",
"anticipate", "target", "expect", "estimate", "intend", "plan",
"goal", "believe", "seek", "may", "could", "outlook" or other words
of similar meaning. By their nature, all forward-looking statements
involve risk and uncertainty because they are based on numerous
assumptions regarding the Company's present and future business
strategies, relate to future events and depend on circumstances
which are or may be beyond the control of the Company which could
cause actual results or trends to differ materially from those made
in or suggested by the forward-looking statements in this
Announcement, including, but not limited to, domestic and global
economic business conditions; market-related risks such as
fluctuations in interest rates; the policies and actions of
governmental and regulatory authorities; the effect of competition,
inflation and deflation; the effect of legislative, fiscal, tax and
regulatory developments in the jurisdictions in which the Company
and its respective affiliates operate; the effect of volatility in
the equity, capital and credit markets on profitability and ability
to access capital and credit; a decline in credit ratings of the
Company; the effect of operational and integration risks; an
unexpected decline in sales for the Company; inability to realise
anticipated synergies; any limitations of internal financial
reporting controls; and the loss of key personnel. Any
forward-looking statements made in this Announcement by or on
behalf of the Company speak only as of the date they are made. Save
as required by the Market Abuse Regulation, the Disclosure Guidance
and Transparency Rules, the Listing Rules or by law, the Company
undertakes no obligation to update these forward-looking statements
and will not publicly release any revisions it may make to these
forward-looking statements that may occur due to any change in its
expectations or to reflect events or circumstances after the date
of this Announcement.
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