VivoPower extends B Corp status to 2028

VivoPower PLC (NASDAQ:VIVO, FRA:51J), a planetary developer of AI information halfway and powered onshore infrastructure, has been recertified arsenic a Certified B Corporation by B Lab, extending its continuous certification presumption to 2028.

The company's latest verified B Impact Score roseate to 86.6, up from 83 astatine its 2021 recertification. VivoPower scored highest successful the Workers and Environment pillars, astatine 26.4 and 25.3 respectively, and achieved the maximum people successful the Mission Locked sub-pillar of Governance.

VivoPower has held B Corp presumption since April 2018.

B Lab besides confirmed that Tembo e-LV B.V., VivoPower's electrical inferior conveyance subsidiary, has qualified to usage the B Corp logo connected its website.

Tembo is preparing for a planned Nasdaq listing done a antecedently announced concern operation with Cactus Acquisition Corp 1 Limited.

" Recertification reflects enactment done by the squad astatine VivoPower and, much recently, astatine Tembo to heighten governance architecture beyond the operating layers and to reenforce our committedness to the B Corp triple bottommost line," said Kevin Chin, VivoPower's CEO. "For a institution successful our position, gathering infrastructure that sovereign clients volition trust connected for decades, autarkic third-party-verified governance that goes beyond systems and processes is simply a baseline requirement."

B Corp certification requires a minimum people of 80 connected the B Impact Assessment and ineligible embedding of stakeholder accountability successful a company's governing documents. The model presently spans much than 10,800 certified companies crossed 102 countries and 163 industries.

Originally founded successful 2014 and listed connected Nasdaq since 2016, VivoPower operates information halfway and powered onshore infrastructure crossed Norway, Finland, and the United Arab Emirates.