Edit November 2021: Please note that Bulb has now gone into ‘special administration’ in the UK because of the energy crisis that has sent wholesale gas prices soaring.
Bulb, the recently launched 100 per cent renewable energy company, has become the first energy supplier to be awarded B Corp certification.
Well, this sets a pretty exciting precedent. The energy market has so far been dominated by large, multi national fossil fuel businesses who do a lot more environmental and social damage than good.
Bulb‘s certification is therefore a really nice demonstration of how the energy industry can change for good, simply by changing the source of its energy supply.
What is a B Corp?
B Corp is to business what Fair Trade certification is to coffee. Businesses that become B Corps are for-profit companies, certified by the nonprofit B Lab, for having met rigorous standards of social and environmental performance, accountability, and transparency. Companies must answer around 900 questions on a range of issues before they can be certified, so it really means something.
There are 89 B Corps in the UK, but more than 1,700 globally.
It’s a growing group of future-focused companies that make up a global movement of people using business as a force for good.
Switching to Bulb
Bulb, founded by Hayden and Amit, two former energy industry insiders earlier this year (pictured above) is not alone in supplying 100 per cent renewable electricity to customers. But it is among the very cheapest renewable tariffs on the market.
Good With Money is excited to be partnering with the team there to bring to you cheaper and cleaner energy.
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