January 27, 2021
World’s first circular economy franchise meets the highest ethical standards for social and environmental performance, accountability, and transparency.
27 January 2021, VANCOUVER BC - ChopValue, a circular economy franchise creating beautiful and durable products made entirely from recycled chopsticks, proudly announces its B Corporation certification today, furthering its commitment to lead by example and address the issue of waste in the manufacturing industry.
In order to be certified as a B Corp, ChopValue was comprehensively audited on its overall impact in five areas: governance, workers, community, environment, and customers.
“Since starting ChopValue in 2016, we have built the foundation of our core business on the positive environmental impact we make, one chopstick at a time. We hold ourselves to a high standard — now verified — and are excited to set this baseline for our future Microfactories, further decreasing our carbon footprint with the first B Corp certified circular economy franchise,” said CEO and Founder Felix Böck. “Together, we will build stronger communities and create a healthier environment with our sustainable practices.”
Widely recognized as the gold standard for responsible business, B Corps are committed to using the power of business as a force for social, environmental, and economic good. ChopValue joins the growing B Corp network of more than 3,000 global companies like tentree, Allbirds, and Patagonia, as well as local investment fund Active Impact Investments, all of which are dedicated to leading with a purpose.
The company will continue to track, measure, and improve practices to build a more inclusive and sustainable economy while committing to becoming the most environmentally responsible manufacturing franchise.
To read more about ChopValue’s transparent practices, please read their Urban Impact Report: https://cdn.shopify.com/s/files/1/0049/0143/7474/files/ChopValue-Urban-Impact-Report-2020.pdf?v=1611725742
ChopValue provides product and design solutions with an innovative, high-performance material made entirely from recycled chopsticks. Since its founding in 2016, the company has recycled over 30 million chopsticks. ChopValue sources, manufactures, distributes, and employs within local communities through its franchising model. With a network of distributed Microfactories, ChopValue aims to create a positive and resource-efficient impact for a carbon-neutral future. To learn more, visit www.chopvalue.com
About B Lab
B Lab is a nonprofit that serves a global movement of people using business as a force for good. B Lab's initiatives include B Corp Certification, administration of the B Impact Management programs and software, and advocacy for governance structures like the benefit corporation. B Lab's vision is of an inclusive, equitable, and regenerative economic system for all people and the planet. To date, there are over 3,000 Certified B Corps in 150 industries and 70 countries, and over 70,000 companies use the B Impact Assessment. Visit bcorporation.net for more information.