REG - Kin and Carta PLC - Kin + Carta Plc Earns B Corp Certification

Kin and CartaAnnouncement

01/12/2021 07:00

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RNS Number : 0915U  Kin and Carta PLC  01 December 2021

For immediate release

1 December 2021

Kin and Carta plc

Kin + Carta Plc Earns B Corp Certification

First business on the London Stock Exchange to achieve global B Corp
Certification

Kin and Carta plc (the "Company" or "Kin + Carta"), the global digital
transformation ('DX') consultancy, announces today that it has officially
become a Certified B Corporation, joining a global group of companies using
business as a force for good. This makes Kin and Carta the first
publicly-traded business on the London Stock Exchange to gain the
accreditation, and one of 4,000 certified B Corps globally, with B
Corporations already listed on other stock exchanges including NASDAQ and
Euronext.

As businesses, Certified B Corporations ('B Corps') consider not just
shareholder value, but the impact on all stakeholders - employees, customers,
society, and the environment. B Corps work toward reduced inequality, lower
levels of poverty, a healthier environment, stronger communities, and the
creation of high-quality jobs with dignity and purpose.  B Corp Certification
is a rigorous third party accreditation, often taking several years to
achieve, and requiring significant investment of both time and money from
companies. Kin + Carta chose to work towards the B Corp Certification above
all other ESG standards because it aligns with the values that Kin + Carta
itself holds and provides an excellent framework to aid in accomplishing and
prioritising the company's social responsibility goals.

This is a very significant milestone in Kin + Carta's responsible business
journey, as the group has now become a Certified B Corporation across all
markets in which it operates and as a plc. On 25 January 2021 Kin + Carta
earned B Corp certification for its Americas division and on 21 September
2021, Kin + Carta's shareholders voted to pass a special resolution to amend
its articles of association, which now commit the Board to a "triple bottom
line" approach to decision making, seeking to balance considerations around
people, profit and planet. On 1 October 2021, the Company achieved B Corp
certification for its European division and today's announcement is the final
step, establishing Kin + Carta as a leader in ESG and responsible business
practices.

John Kerr, Chairman of Kin + Carta said:

"Kin + Carta's commitment to becoming a certified B Corporation encompasses
our role in society and our role with our clients, while being an enabler for
our people to achieve their ambitions. All of this has been driven by a number
of highly motivated people, but achieved by our Kin globally, all of whom have
been dedicated to making it happen. I'm incredibly honoured to be able to
announce that Kin + Carta is the first business on the London Stock Exchange
to achieve global B Corp Certification and I look forward to what the future
holds for the Group."

J Schwan, CEO said:

"Kin + Carta's mission is to build a world that works better for everyone, and
today this goal has been validated against the very highest standards. Our
bottom line is not just about profit; it's about people and the planet too.
We're motivated by a desire to place value in action over words, and build a
successful business that gives back to the world in which it operates.

"As part of this journey, we're hugely proud that 99% of our shareholders
voted that we should pursue this path, making us a rare example of a public
company that has chosen to become a B Corp. I hope it inspires others, and
reinforces the reason why so many talented and forward-thinking people come to
work for us."

Chris Turner, Executive Director of B Lab UK said:

"At B Lab, we're transforming the global economy to benefit all people,
communities and the planet. Today's announcement from Kin + Carta as the first
business on the London Stock Exchange to achieve global B Corp Certification
marks a huge milestone in our journey as shareholders voted to prioritise
stakeholder value over shareholder value. This is the start of a growing trend
in UK Plc's in shifting perceptions of what defines value and we very much
welcome and support others looking to do the same."

Enquiries:

 Kin + Carta                     +44 (0) 207 928 8844

 J Schwan CEO

 Chris Kutsor CFO
 Powerscourt                     +44 (0)7970 246 725

 Elly Williamson / Jane Glover
 Numis Securities Limited        +44 (0)207 260 1345

 Nick Westlake / Matt Lewis

                                      +44 (0) 20 7418 8900

 Peel Hunt LLP

 Edward Knight/John Welch

 

About Kin + Carta

Kin + Carta is a London Stock Exchange-listed global digital transformation
consultancy committed to working alongside clients to build a world that works
better for everyone.

Kin + Carta's 1,700 strategists, engineers, and creatives around the world
bring the connective power of technology, data, and experience to the world's
most influential companies - helping them to accelerate their digital roadmap,
rapidly innovate, modernise their systems, enable their teams, and optimise
for continued growth. Headquartered in London and Chicago with offices across
three continents, the border-less model of service allows for the best minds
to be connected to collaborate on client challenges.

With purpose at its core, Kin + Carta became the first publicly-traded
business on the London Stock Exchange to achieve B Corp certification as a
PLC. It meets the highest standards of verified social and environmental
performance, public transparency, and accountability to balance the triple
bottom line of people, planet, and profit.

For more information, please visit https://www.kinandcarta.com
(https://www.kinandcarta.com/) .

 

Important notices

This announcement contains inside information and is issued on behalf of the
Company by Daniel Fattal, Company Secretary.

Cautionary statement regarding forward-looking statements

This Announcement may contain "forward-looking statements" with respect to
certain of the Company's plans and its current goals and expectations relating
to its future financial condition, performance, strategic initiatives,
objectives and results. Forward-looking statements sometimes use words such as
"aim", "anticipate", "target", "expect", "estimate", "intend", "plan", "goal",
"believe", "seek", "may", "could", "outlook" or other words of similar
meaning.  By their nature, all forward-looking statements involve risk and
uncertainty because they are based on numerous assumptions regarding the
Company's present and future business strategies, relate to future events and
depend on circumstances which are or may be beyond the control of the Company
which could cause actual results or trends to differ materially from those
made in or suggested by the forward-looking statements in this Announcement,
including, but not limited to, domestic and global economic business
conditions; market-related risks such as fluctuations in interest rates; the
policies and actions of governmental and regulatory authorities; the effect of
competition, inflation and deflation; the effect of legislative, fiscal, tax
and regulatory developments in the jurisdictions in which the Company and its
respective affiliates operate; the effect of volatility in the equity, capital
and credit markets on profitability and ability to access capital and credit;
a decline in credit ratings of the Company; the effect of operational and
integration risks; an unexpected decline in sales for the Company; inability
to realise anticipated synergies; any limitations of internal financial
reporting controls; and the loss of key personnel.  Any forward-looking
statements made in this Announcement by or on behalf of the Company speak only
as of the date they are made.  Save as required by the Market Abuse
Regulation, the Disclosure Guidance and Transparency Rules, the Listing Rules
or by law, the Company undertakes no obligation to update these
forward-looking statements and will not publicly release any revisions it may
make to these forward-looking statements that may occur due to any change in
its expectations or to reflect events or circumstances after the date of this
Announcement.

 

 

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