Tamweel… makes the grade and certifies as a B Corp™!
We are proud to announce that Tamweel has been certified as a B Corp™! One of a handful of corporate finance advisors globally to achieve this milestone, and the only one that is exclusively focussed on representing Challenger Brands in the consumer sector.
So what’s a B Corp™?
It’s the equivalent of a Fairtrade stamp, but for business. For us, this means we now meet the highest standards of:
✔️ Client care and accountability
✔️ People development and welfare
✔️ Social and environmental performance
✔️ Transparency and governance
A business that is a B Corp™ is run and managed for the benefit of all its stakeholders, not just its shareholders. B Corps™ are a growing community that are reinventing business by pursuing a combination of purpose as well as profit. They subject themselves to a rigorous certification process that verifies and audits their standards, with recertification required every 3 years. Tamweel is now one of 4,200 B Corps™ worldwide, sitting alongside businesses of all shapes and sizes including well known, purpose driven, consumer facing brands such as Innocent, Patagonia, Graze, Ella’s Kitchen, Mindful Chef, Allbirds, The Body Shop and organic food pioneers Abel & Cole. To search for other B Corps™ check out the directory here.
What’s triggered this?
The pandemic has shown us how vulnerable we all are. It’s highlighted the many problems we face in this world. And we at Tamweel want to be part of the solution, not part of the problem. For us, becoming a B Corp™ is part of the solution but it’s also something that our clients, our people and our wider ecosystem value. Certifying as a B Corp™ has been an incredibly rewarding journey. We’ve spent the last 18 months reviewing our operations, establishing new systems, adopting new policies. We’ve thought hard about our purpose, our mission, our values. And as a result we have come out the other side a better business – better for our people, better for our clients and better for society. If you want to find out more about our modest but growing efforts in making Tamweel a better business then read our 2021 Impact Report here. And if you want to learn about the B Corp™ movement then check out their UK website here.
What does this mean for our clients and our industry?
We’re not going to lie, certifying as a B Corp™ has been hard. But at Tamweel, we never shy away from hard. It’s the way we’ve always done things; burning the midnight oil, obsessing about our clients, seeking constant improvement and holding ourselves to the highest standards of ethics, trust and transparency. Our clients will benefit from these heightened standards and as more advisors and investors join the community, we will collectively play a role in improving the way business is done across our industry.
Get on the bus folks
For us this is just the beginning of the journey. And it starts with a call to action – encouraging others to join the B Corp™ club. And that includes you. Yes you. Reading this! There are some awesome B Corps™ within the deal doing community – Bridges, Craftory, Mishcon, Octopus, TowerBrook, True with several more in the pipeline. However, there is more we can do as an industry. So if your business is considering jumping on the B Corp™ bus then please reach out, drop us a line and we’d be happy to share our experience with you.
Finally, a massive thank you…
To all the wonderful people that supported us in this journey:
✔️ Our rock star former clients: Gymbox, Frame, Swingers, Envisage, Ten, Climbing Hangar, Inception Group
✔️ Our rock star existing clients: You know who you are…
✔️ Our advisory panel for being part of the Tamweel family: Ann Elliott, Charlie McVeigh, Frank Bandura, Jyo Sethi, Richard Hilton, Simon Havers
✔️ Our friends who gave a helping hand along the way: Nadim Meer and the legal eagles from Mishcon for redrafting our Articles, Thomas Bourne from Greenheart for giving us some top tips, Dr Will’s for talking us through their own B Corp™ journey and the talented Tim Hamer for his support in navigating the certification maze.
We look forward to the day when businesses will compete not to be the best in the world but to be the best for the world. Until that day the work to be better must continue.