Outlet retail specialist Realm has announced that it is now a B Corporation (B Corp) certified company.
The operator, asset manager, and advisor has met the standards of social and environmental by nonprofit organisation B Lab.
The certification process requires applicants to demonstrate socially and environmentally responsible practices across its energy supply chain, waste and water use, worker compensation, diversity and corporate transparency.
Realm joins a community of 7,000 B Corp-certified businesses, including Ellandi, Portman Estates, and TFT in the UK real estate community.
Realm has previously been also received recognition for its environmental and community contributions with Green Apple, Flame of Hope, Park Mark Plus and Greener Business Award wins in addition as well as an ISO 14001 accreditation.
Dan Mason, Realm managing director said: “We believe that the outlet retailing model is well suited to engaging in purposeful practices and responding to change – these come as part of our dynamic and agile management model. Whilst the discipline of reducing negative environmental impact has always been hard-wired into how we operate outlet schemes, the B Corp certification necessitates a different outlook, one with a clearer focus on finding better ways of doing business for planet, communities and people.
“Looking ahead to the future, we know that all businesses need to change and I have recently used the term Outlet 3.0 as a way of expressing the mandate to continually evolve. As Realm enters its third decade, we’re thrilled to be part of this global community of businesses, making a collective commitment to continuous learning, stakeholder engagement and improving our impact on communities, the environment and our teams of people”.