B Corp and Simplyhealth
The UK's first B Corp Health Insurer
In 2022, B Corp recognised our significant achievements in sustainability and our ambitious environmental and social responsibility goals.
Let’s move forward, together
#ThisWayForward
All in a year’s work
As we enter our third year of B Corp certification, we will be working hard to use our business as a force for good.
Please enjoy reading about our latest progress, impacts and next steps – we’re not perfect and will never claim to be, but we are committed to always improving our impact as a B Corp business and growing in the process.
What being a B Corp means
What is a B Corp?
A B Corp is a business that meets the highest standards of social and environmental performance, public transparency, and legal accountability to balance profit and purpose, verified by B Lab.
To become a B Corp, you must be externally and independently certified by achieving a minimum verified score on the B Impact Assessment. This is a rigorous assessment of a company’s impact on governance, workers, customers, community, and the environment.
What the B Corp movement means to us
In November 2022, Britain celebrated having one of the largest and fastest-growing communities of sustainable businesses in the world, as B Lab UK announced reaching over 1,000 certified B Corps in the UK.
As part of the B Corp movement, we're:
Joining UK household names like Innocent Drinks, JoJo Maman Bébé, The Body Shop, Baringa, and Gousto
Supporting the UN’s Sustainable Development Goals (SDGs)
Delivering impact for all stakeholders
Collaborating with other like-minded, leading businesses
Watch the video to find out more.
How we became B Corp certified
In 2022, we completed our first online B Impact Assessment. To become B Corp certified, the company needs to score over 80, we're thrilled to have scored 91.9.
We answered over 200 questions on how we run our business and care for our customers, community, colleagues, and the wider environment.
Here’s a summary of those areas and our scores:
Governance
score: 19.6
Governance evaluates a company’s overall mission, ethics and transparency. This also evaluates the ability of a company to protect its mission and formally consider stakeholders in decision-making through its corporate structure or corporate governing documents.
Workers
score: 33.8
Workers evaluate a company’s contributions to its employees’ financial security, health and safety, wellness, career development, engagement and satisfaction.
Community
score: 14.6
Community evaluates a company’s engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity and inclusion, economic impact, civic engagement, charitable giving, and supply chain management.
Environment
score: 12.5
Environment evaluates a company’s overall environmental management practices as well as its impact on the air, climate, water, land and biodiversity. This includes the direct impact of a company’s operations and, when applicable, its supply chain and distribution channels.
Customers
score: 11.4
Workers evaluate a company’s contributions to its emThis evaluates a company’s stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels.
What's next in our B Corp journey?
We may well be the first UK health insurer to have become a B Corp, but we certainly hope we won’t be the last. Becoming B Corp certified gives us the chance to support other businesses on their journey to become a force for good – to carry the beacon that others can follow.
We are extremely proud to be part of such a forward-thinking, caring, responsible and impact-orientated community. Undertaking the rigorous B Impact Assessment and collaborating with other B Corps has encouraged us to explore how we can further our own impact.
You can learn more about our progress and our areas of focus for the coming 12 months by reading our most recent B Corp Force for Good 23/24 Report. You can also view our latest updates as part of our 2023 Annual Report.
Looking to become a B Corp?
To learn more about our B Corp journey, to collaborate with us, or get support with your own B Corp journey, please contact Charlotte Cook, Simplyhealth’s ESG and B Corp Lead, who will be pleased to help.
REBA Technical Training Guide:
Creating a sustainable rewards strategy
Full of practical tips, this guide provides a great starting point for any organisation wanting to implement and improve its approach to sustainable rewards and benefits.