Redo Sgr Spa Società benefit

Certified B Corporation
Headquarters

Lombardy, Italy

Certified Since

November 2021

Industry

Real estate development

Sector

Service with Minor Environmental Footprint

Operates In

Italy

Redo Sgr Spa Benefit corporation, founded in 2019, develops and manages ethical real estate investments that create social and shared value through the promotion of affordable housing and urban regeneration projects that respect the environment and activate and strengthen communities: we build a future where everyone has access to enjoyable, efficient and functional living spaces, creating a vibrant and lively community while respecting the environment through the adoption of the most advanced technologies. Mainly active in Milano, Redo has designed, built, and is now managing 40 assets in Lombardy: 7,000 apartments, of which 2,300 are under management, 800 are being delivered, 1,900 are in construction, and 2,000 are in pipeline. Redo also manage 2,000 rooms for students (1,600 under management and 400 in construction). Redo is also the winner of three C40 Reinventing Cities international competitions in Milano, with the projects: “L’innesto” a former “freight terminal” of 6 ha, “Green Between” a former parking area of 1,5 ha, and “Aria” in the disused area spanning around 15 hectares, the site of the communal slaughterhouse and of the animal market in the real estate compendium of the Milan wholesale market, that will become the biggest social housing district in Europe.

Overall B Impact Score

Based on the B Impact assessment, Redo Sgr Spa Società benefit earned an overall score of 106.2. The median score for ordinary businesses who complete the assessment is currently 50.9.
106.2
106.2 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 20.1

The Governance Impact Area evaluates a company's overall mission, engagement around its social and environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.

Mission & Engagement2.5
Ethics & Transparency7.6
+ Mission Locked10

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.


Workers 28.0

The Workers Impact Area evaluates a company's contributions to its employees' financial security, health and safety, wellness, career development, as well as overall engagement and satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.

Financial Security1.9
Health, Wellness, & Safety7.8
Career Development5.0
Engagement & Satisfaction5.5

Community 18.1

The Community Impact Area evaluates a company's engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity, and inclusion; economic impact; civic engagement; charitable giving; and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.

Diversity, Equity, & Inclusion5.3
Economic Impact6.0
Civic Engagement & Giving2.1
Supply Chain Management2.2

Environment 36.8

The Environment Impact Area evaluates a company's overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company's operations and, when applicable, its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.

Environmental Management1.4
Air & Climate0.7
Water0.3
Land & Life2.0
+ Training & Collaboration3.5
+ Community24.7
+ Certification0
+ Material & Energy Use4.1

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.


Customers 3.1

The Customers Impact Area evaluates a company's stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels. In addition, this section recognizes products or services that are designed to address a particular social problem for or through its customers, such as health or educational products, arts and media products, serving underserved customers or clients, and services that improve the social impact of other businesses or organizations.

Customer Stewardship3.1


Previous Overall B Impact Scores

2021 Overall B Impact Score106.2

Best for the World

Every year, B Lab recognizes the B Corps that have achieved the highest verified scores in the five impact areas evaluated on the B Impact Assessment.


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