B Impact Report

Logo for Speco

Speco

Cleaning technology and services
Certified Since: May, 2020
Location: Singapore, Singapore, Singapore
Sector: Service with Significant Environmental Footprint

Overall B Impact Scoreinfo_outline

96.5

The B Impact Scores are being compared against all businesses that have completed the B Impact Assessment

www.speco.sg

Speco® is the R&D breakthrough of Spic & Span Pte Ltd, an award-winning cleaning Social Enterprise. Built from the core values of Health, Safety and Environment, Speco® antimicrobial coating is lab-tested effective against Coronaviruses, and is also 100% safe for pets, elderly and children.

As Singapore’s leading social enterprise, the company focuses on inclusive hiring and providing progressive careers for marginalised Singaporeans. Since 2017, more than 60 Social Service Agencies have become partners to train, upskill and provide employment opportunities to over 300 individuals. The company is an Internationally Accredited B Corporation that has met the highest standards of verified social and environmental performance, public transparency and legal accountability to balance profit and purpose.

Speco is now used by more than 200 organizations across Singapore and the company is expanding rapidly in the region

Impact Area Scoresinfo_outline

info_outlineOverall B Impact Score

To certify as a B Corp, a company must achieve a minimum verified score of 80 points on the B Impact Assessment. The B Impact Assessment asks questions about how the day-to-day operations of a company create positive impact for the company’s workers, community, and environment. Additionally, companies can earn further points if their overall business model can be shown to create positive social and environmental impact as well, qualifying the company for specific Impact Business Model points.

Scores for Certified B Corporations are verified by the non-profit B Lab.

info_outlineImpact Area Scores

The questions in the B Impact Assessment are organized into five Impact Areas: Governance, Workers, Community, Environment, and Customers. Click into a Impact Area to see topics covered in each. Topics in blue are Impact Business Models associated with that Impact Area where the company has earned additional credit. Due to rounding, displayed totals may not add up exactly.

The B Impact Assessment is customized to a company's size, sector, and geographic market.  However, within those parameters, there are still questions included in the B Impact Assessment that might not be relevant to a particular company. In cases where a question is not applicable, the potential points available for that question are instead earned based on the performance of the company on the other topics relevant to the stakeholder and summed up as "N/A points." Likewise, a score of N/A for Workers means that the company is a sole proprietor or partnership with no full-time staff, and a score of 0 or N/A for Customers means that the company does not have a specific Customer-focused Impact Business Model.

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info_outlineBest for the World Honoree

Each year, B Lab releases lists honoring the top-performing Certified B Corps in each Impact Area and overall, broken down by size, on the annual Best for the World lists.

info_outlineAdditional Documentation

B Lab may determine that a company should make additional material beyond their B Impact Report transparent in order for the public to be able to evaluate the company’s overall impact. This additional transparency may cover participation in a controversial industry, information shared on the company’s Disclosure Questionnaire, or simply a company’s relationship to a larger complex entity. Public companies and wholly-owned subsidiaries are required to make their full B Impact Assessments transparent to achieve B Corp Certification.