Accountants, business and wealth advisers Kreston Reeves has today (Tuesday 28th March 2023) announced that it has achieved B Corp status.
It is a clear and strong demonstration of the firm's commitment to being a sustainable and socially conscious adviser.
Kreston Reeves has a turnover of £40m with a team of 500 experienced and highly motivated people across its offices in Kent, Sussex and London. Its clients include ambitious and scale-up businesses, charities and not for profits, and individuals and their families. It is one of the largest accountancy firms to achieve B Corp status.
Andrew Griggs, Senior Partner at Kreston Reeves said: "This is a significant achievement for the firm and a milestone in our journey of being a purpose-led advisory firm. It is a formal recognition of the efforts we continue to make to have a positive impact on clients, our people and the communities in which we work."
Jennifer Williamson, a Partner at Kreston Reeves who has been instrumental in the firm's journey towards B Corp accreditation adds: "We are part of a global movement that recognises the need to balance profits with purpose. The firm has a clear purpose - to guide our clients, colleagues and communities to a brighter future - and B Corp status puts this into an independently verified framework.
"It stands Kreston Reeves apart from its peers, demonstrating to current and future staff and clients that we are firm that chooses to do the right thing."
There are over 6,000 certified B Corps across 159 industry sectors in 89 countries. To achieve certification, businesses must undertake a rigorous and independently verified assessment that encompasses an organisation's entire social and environmental performance, from supply chain and input materials to charitable giving and employee benefits. A score of 80 or more in that assessment is needed, with Kreston Reeves achieving 80.6 in its first certification. The firm will be required to meet high standards of social and environmental performance, transparency and accountability with recertification every three years.
Chris Turner, Executive Director of B Lab UK, said: "We are delighted to welcome Kreston Reeves to the B Corp community. This is a movement of companies who are committed to changing how business operates and believe business really can be a force for good. We know that Kreston Reeves are going to be a fantastic addition to the community and will continue driving the conversation forward.""We are pleased to have B Corps of all shapes and sizes as part of our community - from startups to multinationals and across many different industries. Business is a powerful force and B Corps demonstrate that you can do good in any sector. Welcoming Kreston Reeves is an exciting moment because they have an opportunity to lead the way within the accountancy industry. We and the rest of the B Corp community are really pleased to support Kreston Reeves in paving the way for a new way of doing things."
"Being able to welcome Kreston Reeves to the B Corp community is hugely exciting. Its commitment to doing business differently will be an inspiration to others and really help spread the idea that we can redefine success in business to be as much about people and planet as it is about profit."
