Paris, November 7th – Innovafeed, the world leading insect ingredient producer for animal and plant nutrition, is proud to announce it has been certified as a
B CorporationTM by B Lab. This international certification reflects that sustainable impact is at the core of Innovafeed’s business model.
Since its creation in 2016, environmental and social impact have been embedded at the core of Innovafeed’s mission: to bring innovative, natural and sustainable solutions to address the global food challenge connected to a growing world population and an increasing demand for protein.
Today, Innovafeed is thrilled to join the community of B Corp™ Certified companies who are committed to use business as a “force for good”, that is, purpose-driven organizations addressing societal challenges in an ethical and environmentally responsible way.
Environmental and social impact commitments at the heart of Innovafeed’s business model.
The B Corp™ Certification is a rigorous and comprehensive assessment process based on five impact pillars: Environment, Customers, Workers, Governance and Community. Innovafeed has demonstrated outstanding impact on the Environment pillar, in particular, thanks to its innovative production model referred to as Industrial Symbiosis.
Indeed, Innovafeed has developed a unique production model in symbiosis with agri-businesses that leverages insects (black soldier fly – Hermetia Illucens) to upcycle agricultural by-products and produce sustainable ingredients in a circular way with zero waste and no fossil energy consumption.
Through this symbiosis model, 120 GWh can be saved by Innovafeed and its suppliers every year, which represents the annual energy consumption of more than 10,000 households and contributes to the avoidance of 57 000 T of eq CO2 in GHG emissions (as demonstrated by our LCA published in 2020).
Furthermore, our ingredients contribute to building more resilient and sustainable agri-food chains. Both our insect protein and insect oil have significantly lower Global Warming impact than conventional ingredients and can alleviate pressure on natural resources by offering performant substitutes to ingredients derived from fisheries or deforestation.
In addition to its environmental impact, Innovafeed’s model also contributes positively to generating local social impact through regional industrial recovery. Since 2019, more than 200 jobs were generated in Hauts de France region
Beyond B Corp™ Certification
This certification is a key milestone in Innovafeed’s journey to generate more positive impact on society but not an end goal.
In order to continue pursuing this ambition, Innovafeed has created a dedicated governance structure via an Impact Committee which will report to Innovafeed’s Board of Directors.
The committee will be chaired by Dr Darian McBain, who is recognized for her more than 20 years of sustainability work and will be made up equally of internal and external members. Maye Walraven has been nominated as Innovafeed’s Chief Impact Officer to specifically coordinate this committee.
This committee will be responsible for defining and supporting Innovafeed’s Impact strategy.
« This B Corp Certification is the result of the company’s strong commitment to generate a natural, sustainable and resilient new industry and the efforts of the entire Innovafeed team to make this vision a reality! I would like to thank and congratulate our exceptional team as well as the many partners (financial, business, and other stakeholders) that support us in building a large-scale insect product industry that will address tomorrow’s food challenges while ensuring positive impact. ». Maye Walraven, Chief Impact Officer.