Summa Equity Achieves B Corporation Status
28 October 2021: Summa Equity, which invests in companies solving global challenges, has been certified as a B Corporation, joining a growing group of companies reinventing business by pursuing purpose as well as profit.
The certification has been awarded by B Lab, the not-for-profit behind the B Corporation movement. Certified B Corporations are businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. B Corporations are accelerating a global culture shift to redefine success in business and build a more inclusive and sustainable economy.
“The B Corporation certification is a significant milestone for Summa Equity and something which is deeply aligned with our purpose of investing to solve global challenges. By being part of this influential and rapidly growing global movement, we hope to inspire others to follow while continuing to push ourselves to build a better business and a better world,” says Managing Partner of Summa Equity, Reynir Indahl.
Founded in 2016, Summa Equity was one of the first private equity firms to align its vision and outcomes to the UN Sustainable Development Goals, ensuring a net-positive impact against ESG challenges. Its investments are focused on industries and companies within three sustainability megatrends: Resource Efficiency, Changing Demographics, and Tech-Enabled Transformation.
As a B Corporation, Summa Equity is now part of a community of 4,000 businesses globally. The B Corporation community in Europe, representing a broad cross section of industries and size of business, comprises over 600 companies and includes well-known brands such as The Guardian, The Body Shop and organic food pioneers Abel & Cole. Summa Equity’s B Corporation certification is a notable step and signals a shift towards greater accountability and transparency in the private equity sector.
Chris Turner, Executive Director of B Lab UK, says “Being able to welcome Summa Equity to the B Corporation community is hugely exciting. The firm’s commitment to doing business differently will be an inspiration to others and really help spread the idea that we can redefine success in business to be as much about people and planet as it is about profit. We know that Summa Equity is going to be a fantastic addition to the community and will continue driving the conversation forward”.
ENDS
About B Lab:
B Lab is transforming the economy to benefit all people, communities, and the planet. A leader in economic systems change, our global network creates standards, policies, and tools for business, and we certify companies—known as B Corps—who are leading the way. To date, our global community includes 4,000 B Corporations in 77 countries and 153 industries, and over 100,000 companies manage their impact with the B Impact Assessment and the SDG Action Manager.
About Summa Equity:
Summa invests in companies that are solving global challenges and creating positive Environmental, Social, and Governance (ESG) outcomes for society.
Summa’s purpose is to co-create win-win for investors, portfolio companies, and society through aligning its vision and outcomes to the Sustainable Development Goals, ensuring a net-positive impact against ESG challenges, and the potential for long-term, sustainable outperformance.
Investments are focused on industries and companies within three sustainability megatrends: Resource Efficiency, Changing Demographics, and Tech-Enabled Transformation. Across these themes, Summa’s portfolio companies are supporting a world in transition and showing that business can be part of the solution. Summa has more than €1.6bn of assets under management.
For further information, please contact:
Hannah Gunvor Jacobsen, Head of IR Summa Equity
+47 93 64 19 60
hannah.jacobsen@summaequity.com