It’s official: The Terrace is a B Corp! Time for celebration

What do The Terrace, Tony’s Chocolonely, Triodos Bank, Ben & Jerry's, Patagonia and Dopper have in common? We are all companies that are B Corp certified! At The Terrace we are extremely happy with this new status.

But what is a B Corp?

B Corp is an abbreviation for Benefit Corporation. The B Corp certification was set up in 2006 by the American non-profit organisation B Lab. The goal of B Corp is to redefine success in business by not only focussing on profit but also focussing on making a positive impact on the environment and society. In other words: ‘Using business as a force for good'.

Why did The Terrace become a B Corp?

The Terrace has always had the DNA of a B Corp. We were founded with the aim to help companies and organisations realize positive change. We have been doing this for eleven years already, through sustainability strategies and reports, branding, communication and stakeholder engagement. Our ambition is to inspire and activate brands and consumers to make better and more sustainable choices.

Leontine Gast (Founding partner & Managing director): ''I believe that B Corp provides an important framework for implementing positive change throughout the entire business. Moreover, it offers a network of like-minded companies with which we can take faster and larger steps towards a meaningful economy.''

B Corp doesn’t just evaluate a product or service; it assesses the overall positive impact of the company behind it. How sustainable are we really? After all, a good world starts with yourself.

That is why, in order to become a B Corp, you have to go through a strict 'impact assessment' with many questions about five key impact areas of governance, workers, community, environment and customers. We score the most points with our impact on the (local) community and workers, check our online B Impact Report for all the scores. To actually obtain the B Corp Certification, you have to score at least 80 out of 200 points. This seems easy, but it is not! Try it yourself by filling in the Impact Assessment for free.

No time to waste!

Once you are officially a B Corp it doesn’t mean you can sit back and relax. Every year, all B Corp certified companies have to prove again how much impact they make. The movement is rapidly growing which means it is currently very busy at the B Corp offices. And that’s great news! Currently there are 2655 Benefit Corporations in 60 countries around the world. In the Netherlands, there are already 66 B Corp certified organisations. Join in and be the change!


Millennials and Corporate Social Responsibility: the perfect match?

On 25 June we were guests at Friesland Campina to give a workshop for ICA (Inter Company Association), an association for young professionals from the fifty top employers in the Netherlands. The theme of the evening was the responsibility of companies for their impact on society, in other words: Corporate Social Responsibility (CSR). More than forty employees (millennials) from companies such as FrieslandCampina, a.s.r, ASML, VolkerWessels, Aegon, Randstad, Tennet, Aon, Arcadis, Eiffel, Royal HaskoningDHV and EY participated in our workshop "CSR Essentials".

CSR, the new normal for companies

Nowadays at almost every large company you can find a CSR-report on the website. Initiatives such as B-corps, The Shared Value Initiative and The Circle Economy are growing every day and help companies to deal positive with the impact they have on society and the environment. In short, CSR is indispensable for most companies.

The importance of CSR was also confirmed by the young professionals who all agreed that companies have a responsibility for their impact on the world. But on the question whether their company itself is active in the field of CSR, other answers were given. For example, 20% of the people in the room felt that their company was totally inactive in the area of CSR. As many as 52.5% of the people indicated that their company is active but not active enough. And only 27.5% people can proudly say: my company is super active!

How do millennials choose their employer?

Research from the Reputation Institute Benelux shows that 'Innovation' and 'CSR' account for more than 55% of the 'drivers' of a company's reputation. But do the young professionals of today also choose for an employer with a high CSR standard?

An European study by YoungCapital in collaboration with the University of Utrecht shows that millennials increasingly choose a fun job with a modal salary over boring work with a top salary. What stands out in the research is that CSR's policy falls outside the top three of what young people consider as the most important when choosing an employer. learning new things, the salary and clear expectations of the employer all go above the performance on CSR. Still 58% of Dutch respondents say CSR is an important subject for choosing a job

How green is the 'green generation'?

The millennials are sometimes called the 'green generation'. But is this title true? Research from Milieu Centraal shows that in practice this is very disappointing. A reason for this is the insufficient knowledge and motivation to make the right sustainable choices.

During the workshop we ask the question whether the young professionals have sufficient knowledge about CSR. More than half said they miss knowledge! Often the millennials are interested in CSR but they have a lack of sufficient knowledge to ensure that CSR comes on the agenda of their business. We believe that more knowledge can lead to a perfect match between CSR and millennials!

CSR something  for  you?

CSR  Essentials workshop is  for  (young) professionals  who  are passionate  about  making a  positive  impact (just  like  us!), and  want  to learn  more  about how  to  get started  with  CSR in  your  organization. This  is  the perfect  workshop  if you:

  • Want to  get  smart on  the  basics of  CSR
  • Area  board  member, manager  or  employee of  a  company that  is  not yet  very  active on  CSR  and you  want  to drive  the  change
  • Areworking  at  a company  that’s  already doing  a  lot with  CSR  and you  want  to get  in  on the  action!

Are you interested in a CSR training? Send an  e-mail to  hello@theterrace.nl and we’ll  get  in touch  with  you ASAP.


Co-creation session for a sustainable pension fund, BrightPensioen

Last May 24th, during the Bright Future event of PrightPensioen, we facilitated a co-creation session for Bright's members. We brainstormed on creative interpretations for the future of this sustainable pension fund. With a lot of post-its and an interactive app, the most innovative ideas came about. The results tasted like more co-creation!

Co-creation for sustainable business

The aim of the brainstorming session was to think together about the question: "How can Bright accelerate its member growth in to be able to pay out its members as quickly as possible?" The majority of the attendees were convinced that Bright could reach its ten thousand membership goal by the end of 2019. But... how?

The sky is the limit

In the first brainstorm round 'the sky is the limit' we invited the participants to think big, to dream. They had to imagine that they had all means at their disposal, from infinite money to the latest technologies. Fantastic and creative ideas came up. For example, one group suggested that all new members should be taken to a tropical island as a reward for their memberships. Another great idea was building an escape room where one can only get out when one has discovered which is the best pension fund to become a member at.

Back to earth

Inspired by these creative but not always realistic ideas, it was time to land some thoughts. Two 'sky is the limit' ideas could be chosen for the next round 'Back on Earth'. How can these ideas be realised with a 'normal' amount of resources? The projects and initiatives became more and more concrete. Members that had the idea of starting to give local workshops to attract new members. Opening a child pension account. Teaching lessons about pension funds at schools. Reward members with shares when they attract a new member.

Way forward

There are three main themes that Bright decided to further develop as a result of our session:

  • Member get member: "How can we reward our existing participants for their ambassadorship? After all, we prefer to spend our marketing budget on our existing participants."
  • "How do we attract more self-employed to get a pension? And especially: how do we influence procrastination?"
  • Bright customer portal. "We would like to make our member portal better, more beautiful and more customer-friendly."

Now the remaining question is: how would you tackle these challenges?