TOMS clinches pivotal B Corporation Certification
Published 25-JAN-2019 12:29 P.M.
|
2 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
One for one global lifestyle brand, TOMS, has officially announced its B Corporation certification.
It joins over 2,700 B Corp certified companies, which span across 60 countries and 150 industries. TOMS’ collaboration with the B Corp community will allow it to engage with a broader range of consumers across key demographics on important societal issues.
TOMS was founded in 2006 after founder Blake Mycoskie witnessed the day to day hardships of children without shoes in Argentina.
As a result, TOMS became the first company in history to adopt the one for one model ®.
For every product sold, TOMS will help a person in need. One for one ®. To date, it has now distributed over 86 million new pairs of shoes alone to those in need.
The revered B Corp certification bolsters the company’s status as a leading social impact brand with giving at its core, which has since expanded its product line into apparel, bags and eyewear.
TOMS CEO Jim Alling spoke on the importance of the certification, “At TOMS we have always believed that striving to do right by the people and places we touch will not only lead to a positive social impact, but will also lead to positive business results.
“We are proud to be associated with the other companies that have made the commitment to operate as B Corps and we hope that many others will join us.”
The certification builds off the momentum of TOMS End Gun Violence Together campaign, which launched in November 2018 in the wake of the November 8 Thousand Oaks mass shooting.
On launch, the company donated US$5 million to non-profit organisations working to end gun violence.
About B Corp
60 countries, 150 industries, one unifying goal.
Certified B Corporations are businesses that meet the highest standards in operation, which include: verified social and environmental performance, public transparency and legal accountability to balance profit and purpose.
B Corps aim to expedite a global cultural shift at corporate level, to redefine success in business and create greater inclusiveness and sustainability in the economy.
To find out more about TOMS, visit: www.toms.com
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
