Veramed is proud to announce that it has been re-certified as a Certified B Corporation™, re-affirming its ongoing commitment to using business as a force for good. As a B Corp™, they are part of a global community of businesses that meet high standards of social and environmental impact, and that prioritize positive influence alongside profitability.
For the second time, Veramed exceeded the minimum requirement of 80 points for re-certification with an overall score of 94.8, achieving the highest scores in the Workers (35.2) and Governance (17.2) impact areas. Some 9,000 companies across 160 industries in over 100 countries have achieved B Corp™ certification. Veramed are looking forward to collaborating with more certified companies in their industry in the future.
”I am tremendously proud of our accomplishment in achieving B Corp™ re-certification, marking a significant milestone for our company. Our unwavering dedication to prioritizing what matters, in particular our people, has always been our top priority. By successfully completing the B Corp™ assessment, we have elevated this commitment, showcasing our devotion to not only our customers, but also to the community and the environment in which we operate.
Matt JonesCo-Founder and Chief Executive Officer, Veramed
Since Veramed was B Corporation™ certified in 2020, it has grown from 160 to over 400 staff, and has added several new dimensions to their business, including additional geographies and entities, which were all evaluated and verified during the re-certification process. Throughout this growth phase, they have stayed true to their culture, which recognizes the value of putting their people and key stakeholders first. This is evidenced by one of the areas in which they demonstrated most improvement during the recertification process, the Workers Impact Area, which looks at contributions to employee’s financial security, health and safety, wellness, career development and satisfaction. In recent years they have formalized their Diversity, Equity and Inclusion policies and introduced a wide range of initiatives related to this through the Veramed Culture Club.
The B Corp™ certification addresses all parts of a business’ operations covering five key impact areas of Governance, Workers, Community, Environment and Customers. The certification process is rigorous, with applicants required to reach a benchmark score of 80 or above, 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, each business must amend their governing documentation to consider stakeholder interests alongside shareholder profits. And for total transparency, B Corp™ certified companies must publish their impact report, sharing their performance with the public.
Becoming a Certified B Corp™ in 2020 gave Veramed a benchmark across the five key B Corp™ pillars. These pillars now act as cornerstones of their organization and are the foundation from which they make decisions and agree on initiatives. Their successful recertification is illustrative of continued commitment to considering all stakeholders, including workers, customers, the community and environment, as the organization continues to grow.
Key Points
Commitment to Purpose: Veramed is honored to have received re-certification as a B Corp™, illustrating their dedication to using their business as a force for good and driving positive impact in the communities they serve.
Measuring What Matters: Veramed has shown a continued commitment to meeting the rigorous B Corp™ standards, demonstrating an impact on all stakeholders, from their employees and customers to the environment and their community.
Sustained Impact: Their re-certification underpins ongoing efforts to deliver positive social and environmental outcomes, emphasizing sustainable practices, and responsible business operations.
Paving the Way: By achieving re-certification as a B Corp™, Veramed continues to lead by example, inspiring other businesses to prioritize purpose and create shared value for all stakeholders.
People first: They know that their team is the most valuable asset. The improvement in the Worker pillar of this certification is evident in their 95% staff retention rate.
As Veramed celebrates this achievement, they recommit to their mission to redefine success in business by balancing profit with purpose. This re-accreditation strengthens their dedication to prioritizing positive social and environmental impacts while supporting customers in their journey to improve global health outcomes.
For more information about Veramed’s B Corp™ journey and the re-certification process, please contact [email protected]
About Veramed
Veramed is a high-performing partner that provides a comprehensive suite of biostatistical and data management consulting services to a global client base. Their team is dedicated to accelerating evidence generation and advancing patient health by integrating people, innovation, and technology. They were awarded “Best Contract Research Organization – Specialist Providers” at the 18th Annual Scrip Awards in 2022 and certified as a B Corp™ for the first time in 2020.
Veramed is passionate about making a difference in patient communities around the world. Being uniquely practitioner-led, the company challenges how advanced biometrics services can be used to help move the needle on the speed, quality, and effectiveness of pharma and biotech pipeline delivery.
