MASMOVIL Group receives B Corp certification and becomes the first telecommunications operator in Europe with this certification

Madrid, September 28, 2021.- The MASMOVIL Group, the telecommunications operator that operates under the Yoigo, Pepephone, MASMOVIL, Lebara, Lycamobile, and Llamaya brands, has just become a B Corp.

This certification has been granted by B Lab and assesses Grupo MASMOVIL's compliance with the highest standards in terms of social and environmental performance, transparency and business responsibility.

In this way, Grupo MASMOVIL has joined B Corporations, companies that lead a global movement that generate a positive impact through companies. This growing community is reinventing business and working to build a more inclusive and sustainable economy for all people and the planet.

In its certification process, Grupo MASMOVIL has been advised by Transcendent, a consultant specialized in business impact and active ESG management.

Measure five key areas

The B Corp Certification measures management performance across the company and covers five key impact areas: Governance, Workers, Community, Environment and Customers.

The certification process is rigorous, more than 80 points must be obtained and evidence of socially and environmentally responsible practices must be provided, including energy supply, water and waste use, workers' compensation, diversity and corporate transparency.

To complete the certification, the company must legally incorporate its commitment to the social purpose into its company's statutes.

Europe's first telecommunications operator B Corp

Grupo MASMOVIL has thus become the first telecommunications operator in Europe to be certified with the B Corp seal and is now part of a movement of more than 3,800 companies worldwide that have become B Corp.

The B Corp community reflects the European economy with companies from multiple industries and sizes. These include well-known brands such as Danone, Patagonia, Alpro, CAPSA, The Body Shop, Holaluz, Ecoalf, WeTransfer or Triodos Bank, among others.

“It's been two years of work and preparation to get here. We are very happy with what Grupo MASMOVIL has achieved and to continue working for many other companies in their B Corp. certification process. Nowadays, part of our business is to accompany companies in their initial analysis process and preparation for B Corp certification, and 75% of our team is a B multiplier,” explained Angel Pérez Agenjo, managing partner of Transcendent.

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