B-Corps: Profit Meets Purpose at the ESG Lab in Hong Kong. Three Speakers. Three Key Takeaways.

Picture of attendees at the ESG Lab in Hong Kong 

In today’s rapidly evolving business landscape, companies can no longer operate in isolation. They must go beyond focusing solely on the monetary value of their products and consider the wider environmental and social challenges. Consumers now demand greater accountability, and businesses are seeking ways to balance corporate interests with environmental and social governance. The solution? B Corps!

At the ESG INNOVATION LAB in Hong Kong, in collaboration with Dream Impact, three speakers—KK Tse from B Lab Hong Kong, Heidi Spurrell from Future Green Global, and Damian Lai from Dream Impact—delivered an insightful presentation. They explored how Hong Kong SMEs can achieve B Corp certification and enhance their business value proposition. Keep reading for three key takeaways from the event!

Presentation by the three speakers: Heidi Spurrell from Future Green Global, KK Tse from B-Lab Hong Kong, and Damian Lai from Dream Impact

Be a changemaker!  

As the starter of the first certified B-Corp in Hong Kong – Education for Good, which focused on entrepreneurship education – KK discussed the importance of being changemakers in today’s society and, more importantly, striving to create a meaningful difference in the world. Furthermore, citing the successful stories of B-Corps such as Patagonia and Ben & Jerry’s, he shares his mission to inspire the creation of more social businesses in Hong Kong and, in turn, become the drivers of change in today’s society.

Moreover, from success stories of local firms such as Pie Strategy to One Bite Design Studio, which have successfully transformed into B-Corps, each with its unique business impact, KK highlights the growing momentum of the movement. Ultimately, he notes the significant progress that Hong Kong has made in its sustainability journey!

Being a B-Corp adds business and brand value!

With KK, we learnt about the ‘changemaking’ aspect of becoming a B-Corp. Meanwhile, Heidi, as the CEO and Founder of Future Green Global, shares her experience of how a B-Corp provides a significant competitive advantage to your company. Not only does it demonstrate a strong and certified commitment to ethical and sustainable practices, but it also enhances brand credibility and drives genuine business value.

Furthermore, Heidi highlighted the importance of communication within a business—effectively conveying your environmental and social impact is crucial, as it encourages consumers to support your brand and builds trust in your mission.

Heidi Spurrell delivering a fantastic presentation on how B-Corps add to the brand value of a company!

Embracing the power of having an Impact Business Model 

Building on the discussion, Damian Lai from Dream Impact emphasised the importance of an Impact Business Model (IBM). This framework ensures that a company’s operations, policies, and strategies align with a specific social or environmental mission.

He cited Hyginova, a Hong Kong-based B Corp that produces eco-friendly disinfectants. Their IBM focuses on toxin reduction and resource conservation, helping them stand out in the market. By embedding impact into the core business model, companies can create long-term value for both stakeholders and the planet.

Damian Lai from Dream Impact giving a presentation on the importance of having an Impact Business Model 

KK Tse and Damian Lai leading a discussion group with the attendees at the ESG Lab

In today’s world, companies can no longer afford to be generalists. The key to balancing stakeholder needs with environmental and social responsibility lies in the B Corp movement. While certification is undoubtedly a rigorous process, the positive impact makes it worthwhile.

Watch our reel for a brief summary of the event! 

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