Since its foundation, Circularity has voluntarily assumed the status of a Benefit Corporation, to reinforce the commitment, at the core of its business, to improve the environmental and social context in which it operates.
Circularity, as a Benefit Company, voluntarily pursues, in addition to the purpose of profit, one or more purposes of common benefit in the exercise of its business activity, where common benefit means the pursuit of one or more positive effects (which can also be pursued by reducing the negative effects) on people, communities, territories and environment, cultural and social assets and activities, bodies and associations and other stakeholders.
As a Benefit Company, it undertakes to realise these aims of common benefit in a responsible, sustainable and transparent manner.
The management of Benefit Societies requires the directors to report transparently and comprehensively on their activities through an annual impact report, describing both the actions carried out and the plans and commitments for the future. At the time of drafting this document, Benefit Societies do not enjoy any economic or fiscal incentives, so in addition to representing value for society, they do not cause any burden on taxpayers.
The Impact Report that Benefit Societies are required to prepare each year is an annex to the annual financial statements and contributes to increasing corporate transparency by supplementing the financial information with a series of important non-financial indications relating to the Common Benefit purpose included in the articles of association. For the quantitative measurement of impact, Circularity has chosen the B Impact Assessment as its measurement protocol.
Reforestation with high social impact: the double value of a tree
Reforestation is one of the most effective actions to combat climate change.
We joined the High Social Impact Reforestation programme in the Petèn region of Guatemala, a victim of large-scale deforestation in the past, by planting the Circularity forest with the dual objective of having a positive impact on the environment and the community.
The initiative aims to offset the emissions produced by our activity, and at the same time, have a positive impact on local communities. The second added value of the project initiated by Circularity is social. Thanks to the support of the Faculty of Agricultural Sciences of the Universidad San Carlos de Guatemala, and the partnership with ZeroCo2 and Comparte Onlus, we are able to make a significant positive impact on the lives of local communities.
CO2 offset by Circularity
Circularity and ZeroCO2
From a social perspective, the project aims to promote the education of local cultures on topics such as agroecology and permaculture, optimising crops organically and preparing natural fertilisers from natural resources. In addition, Circularity’s trees and permaculture activities provide a method for designing and managing man-made landscapes in a way that meets the needs of the population in the form of food, fibre and energy.
In the long run, the Circularity forest will not only have a positive impact on the environment but also on local communities, as the trees planted will then be distributed directly to the farming families who grew them.