PayCaptain Confirms B Corp Recertification, Also Increasing Its B Impact Assessment Score

B-Corporation status certifies a company’s commitment to its social and environmental impact, not just profit-making. B Corp certification is a rigorous process, verified by B Lab, to ensure that a company meets high social and environmental performance standards, demonstrating a commitment to positive impact across various stakeholders.

Three years after becoming the world’s first B-Corporation certified payroll company, PayCaptain – a cloud-based payroll software solution – has confirmed it has successfully completed recertification. 

Simon Bocca, founder and CEO at PayCaptain, shared: “I’m incredibly proud that PayCaptain has been re-certified as a B-Corporation. It was a decision well before starting PayCaptain that the business I create needs to be a force for good and have a seriously positive impact on the world. We can’t rely on, or expect, Governments to deliver the changes needed – so its businesses that have the real power to make a positive impact in our society and for the planet. 

“Becoming a certified BCorporation in January 2022 was an important milestone for us, and since then we have continued our efforts to go above and beyond. Receiving money from your employer is obviously an incredibly important part of life – it plays a major role in the employee experience, and people want more flexibility, more understanding, and more control over their pay, savings, and retirement. We’re committed to supporting people to manage their pay as best they can, and provide tools that help them do good things with the money they earn”.

As well demonstrating that the company is continuing to be a genuine advocate for stakeholder benefits – including their workforce, clients, the environment, the local community and shareholders – the recertification process revealed that PayCaptain also increased its score, further emphasising the business’ commitment to the B Corp values and ongoing desire to always be better than before.

Based on the B Impact assessment, PayCaptain earned an overall score of 105.4, an increase of 4 points from 2022’s score (101.4). The median score for ordinary businesses who complete the assessment is currently 50.9, and a score of 80+ qualifies for B Corp certification. 

Anna Buckle, director of operations and impact at PayCaptain, commented: “To become B-Corporation certified in 2022, PayCaptain met stringent selection criteria, whilst demonstrating their social and environmental impact. The company was assessed on multiple factors including governance, employee benefits, stakeholder engagement and impact on the community and environment.

“We’re so pleased to be recertified, and increasing our overall score this time around is the cherry on the cake! We’re super proud of the impact we’ve had so far – including being the first payroll company in the world to be a certified B Corporation – and to be working with our very own ‘B Hive’ of Clients & Partners, dedicated to making a positive impact in all they do”.

Bocca added that “engaging your workforce with tools to support them in reducing the negative effects of financial stress are vital in a modern workplace. Low financial wellbeing is closely associated with higher levels of absenteeism, reduced productivity and increased staff turnover. 

“Our commitment to social responsibility, however, goes beyond just our product and services – the company is also committed to responsible behaviour towards the environment, our stakeholders and the community. By engaging in the B Corp movement, PayCaptain has been built on a solid foundation for the future. PayCaptain’s aim is to operate in the most sustainable, transparent and impactful way”.