With its focus on sustainability and socially-aware Build to Rent management and consultancy – VervLife – announces it has achieved Pending B Corp status. This status is a mandatory first step for businesses under one year’s old wishing to attain B Corp certification.
B Corp Certification is a designation that a business is meeting high standards of verified performance, accountability, and transparency on factors from employee benefits and charitable giving to supply chain practices.
Achieving this first step signals that VervLife measures and manages its social and environmental performance with the best tools available. It also demonstrates strong governance as the company must adopt a legal framework to protect mission and brand equity.
VervLife has committed fully to the B Corp legal requirement, enshrining its social and environmental responsibilities in its company constitution.
“We have always sought to develop the business in a way which is net positive for our communities, people and the planet. We knew that B Corp certification would be an important standard for us to attain at an early stage and I’m pleased that since launch we have expedited our application and are on track to attain full B Corp status.
“As finance becomes greener and investors are increasingly seeking to partner with operators that can underwrite and deliver practically on their ESG agendas, this important milestone indicates our intent and will put VervLife in an even better place to make a meaningful difference across its single and multi-family rental portfolios.”Brent Stojanovic, Director, VervLife