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Corporate Social Responsibility
News
2.15.2008 - 08:00am ET
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King Arthur Flour Leads the Way with B-Corp Logo
Employee-Owned Company and Premier Baking Resource is Certified
(CSRwire) Norwich, VT - February 15, 2008 - The King Arthur Flour Company, founded in
1790 and the nation's oldest flour company, is the first Founding B
Corporation to add the B-Corp logo to product packaging. Recently
certified as a Founding B Corporation, King Arthur Flour has added the
logo to 13 products and over 6 million packages available nationwide.
B (Beneficial) Corporations are a new type of purpose-driven corporation
that create benefit for all stakeholders, not just shareholders, setting a
new corporate standard for social and environmental performance. To become
certified, B Corporations must meet comprehensive and transparent social
and environmental performance standards, and amend their corporate
governing documents to incorporate the interests of employees, community
and the environment.
"We feel honored to be a founding B Corporation. Our participation is not
only a validation that we're on the right track with corporate social and
environmental responsibility, but also a great tool and impetus in helping
us continue to move in that direction," said King Arthur Flour President
and CEO Steve Voigt. "We're glad to be one of the corporate leaders in
this area and hope that our participation will inspire other companies to
get on board."
King Arthur Flour is among 82 Founding B Corporations with a collective
market presence of $650 million, all leaders within the green,
local-living economies; employee-ownership, fair-trade, organic, and
sustainable business movements; and from the food, apparel, home,
financial services, building, action sports, technology, business
services, telecom, restaurant, marketing, and retail industries. Founding
B Corporations are those that became certified before December 31, 2007.
King Arthur Flour is one of only three Founding B Corporations in
Vermont.
"As a 200 year old, 100% employee-owned company, King Arthur Flour is
already a leader and a nationally admired brand. Becoming a Founding B
Corporation is a testament to their commitment to lead not only in Vermont
and within the ESOP community, but also to influence the marketplace beyond
the success of their individual company," said Jay Coen Gilbert, co-founder
of B Lab, the certifying organization. "Under the leadership of Steve Voigt
and his team, King Arthur was the first B Corporation to incorporate the B
Ratings System into their supply chain decisions and the first to
integrate the B Corporation logo onto their packaging, bringing B
Corporation to grocery shelves and kitchen cupboards across the
country."
About King Arthur Flour
America's oldest flour company, King Arthur Flour has grown from a
regional staple to a brand known nationwide not only for its high-quality
flours but for its passion in sharing the joy of baking; from a small
mail-order business with five employees in 1990 to the premier baking
resource with nearly 200 employees today; from a family-owned operation
for five generations to a 100 percent employee-owned business. King Arthur
Flour offers more than 1,000 professional-grade baking tools and
ingredients through its catalogue, at its retail store, The Baker's Store
in Norwich, and through its website, www.kingarthurflour.com.
Through its products, publications and national educational programs, King
Arthur Flour continues to strive toward its mission: To be a creative and
profitable company that's a product, information, and education resource
for, and inspiration to, bakers worldwide.
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