Travel industry consultancy firm Travel Trade Consultancy (TTC) has been certified as a B Corporation, demonstrating its commitment to “purpose as well as profit”.
Alongside TTC, The Travel Vault and Stonecot Trustees – both part of the TTC group – have also been certified by B Lab, the not-for-profit behind the B Corp movement.
It means the brands have met “rigorous social and environmental standards which represent their commitment to goals outside of shareholder profit”.
The B Corp certification covers five key impact areas of governance, workers, community, environment and customers.
Applicants are required to reach a benchmark score over 80 while providing evidence of socially and environmentally responsible practices relating to energy supplies, waste and water use, worker compensation, diversity and corporate transparency.
To complete the certification, the group will legally embed its commitment to purpose beyond profit in its company articles.
TTC, The Travel Vault and Stonecot Trustees are now part of a community of 7,000 businesses globally who have certified as B Corps, including 1,500-plus in the UK.
Martin Alcock, group owner and director, said: “Travel Trade Consultancy, Stonecot Trustees and The Travel Vault have all been independently and rigorously assessed as meeting high standards of social and environmental performance, transparency, and accountability. We are committed to being a group of businesses that do the right thing and we’re proud to be part of the B Corp community.”
The Travel Vault is TTC’s insurance broker sister company, while Stonecot Trustees provides trust and escrow services for businesses in the travel industry.