September 19, 2014 The Corporate Social Responsibility Newswire

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CSR Press Release

Maritime Tidal Energy Corp (MTEC) Becomes a Certified B Corporation

One of the first companies in Atlantic Canada to be certified in a growing B Corporation Movement

Submitted by: Maritime Tidal Energy Corporation

Categories: Renewable & Alternative Energy, Environment

Posted: Feb 17, 2014 – 08:00 AM EST


HALIFAX, N.S., Feb. 17 /CSRwire/ - Corporations are often critiqued for concentrating solely on their bottom line. But change is on the way. There is now a new kind of corporation. It is a corporation that cares about the value it provides shareholders, yes, but is also measured on the care taken of its employees, customers, suppliers, community, and the environment. It is called a B Corporation. Only companies that exceed rigorous social and environmental measurements can become a Certified B Corporation.

Maritime Tidal Energy Corporation (MTEC), a marine renewable energy consulting company, announced today it has exceeded the measurements and has become a certified B Corporation. MTEC was certified by an independent, non profit US company called B Lab. B Lab works toward harnessing the power of business to build a socially and environmentally conscious society. It achieves societal change by building a community of Certified B Corporations to make it easier for all of us to tell the difference between "good companies" and just good marketing.

"Becoming a Certified B Corporation solidifies MTEC's objective of facilitating the development of marine renewable energy while maintaining its responsibility to the communities with whom it works. "We're delighted to be part of the B Corporation movement," said John Wanczycki, President of MTEC. "At MTEC we are about more than just providing value to shareholders. We believe that we can positively contribute to the 'well-being' of society and to the sustainability of the planet. Imagine the societal impact when there are thousands of Certified B Corporations."

About Maritime Tidal Energy Corporation (MTEC)
Founded in 2006, MTEC is a marine renewable energy consulting company focused on the professional services needs of the tidal energy sector. MTEC's mission is to be the professional services provider of choice for the marine renewable energy industry.

About Certified B Corporations
Certified B Corporations 1) meet rigorous standards of social and environmental performance; 2) legally expand their corporate responsibilities to include consideration of stakeholder interest, and 3) build collective voice through the power of the unifying B Corporation brand. As of February 2014, there are over 950 Certified B Corporations in 32 countries, and the number is growing rapidly.

For more information, please contact:

Ron Scott Director
Phone: 9024235000


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