VivoPower International PLC Announces its Official Designation as a Certified B Corporation

LONDON, April 25, 2018 -- VivoPower International PLC (Nasdaq:VVPR) (“VivoPower”), a global solar power producer, is pleased to announce its Official Designation as a Certified B Corporation (“B Corp”).

Certified B Corps are leaders of a global movement of people using business as a force for good™. They meet the highest standards of overall social and environmental performance, transparency and accountability and aspire to use the power of business to solve social and environmental problems.

There are more than 2,400 Certified B Corporations® in over 150 industries and 60 countries with 1 unifying goal – to redefine success in business. The B Corp certification is managed by B Lab, a non-profit organization.

The performance standards B Corps meet are comprehensive, transparent and verified. They measure a company’s impact on all its stakeholders (e.g. workers, suppliers, community, customers and the environment). Unlike traditional corporations, Certified B Corporations are legally required to consider the impact of their decisions on all their stakeholders.

“The core principals of B Corps reflect beliefs and goals that are inspiring, and are consistent with both our core mission of developing solar energy projects and the values of our people,” said Carl Weatherley-White, Chief Executive Officer. “As one of the few B Corps in our industry, and the only public solar company, we hope to set an example for others. We also believe that the B Corp designation will help to raise our profile with customers, industry participants and shareholders, particularly as the goals of sustainable business practices become embraced by more companies”.

For more information, visit www.bcorporation.net.

About VivoPower

VivoPower is a global solar power producer and storage company that is developing, building and operating projects on a global basis in a capital efficient manner. VivoPower does this by aggregating photovoltaic (PV) solar projects underpinned by long-term power purchase agreements,  arranging corporate and project financing, engineering design and equipment procurement and managing the construction and development of such solar PV projects.

About B Lab

B Lab is a nonprofit organization that serves a global movement of people using business as a force for good™. Its vision is that one day all companies compete not only to be the best in the world, but the Best for the World® and as a result society will enjoy a more shared and durable prosperity. B Lab drives this systemic change by:

• Building a global community of Certified B Corporations who meet the highest standards of verified, overall social and environmental performance, public transparency, and legal accountability;
• Promoting Mission Alignment using innovative corporate structures like the benefit corporation to align the interests of business with those of society and to help high impact businesses be built to last;
• Helping tens of thousands of businesses, investors, and institutions Measure What Matters by using the B Impact Assessment and B Analytics to manage their impact -- and the impact of the businesses with whom they work -- with as much rigor as their profits;
• Inspiring millions to join the movement through compelling story-telling by B the Change Media.

Forward-Looking Statements

This communication includes certain statements that may constitute “forward-looking statements” for purposes of the U.S. federal securities laws.  Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions.  The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.  Forward-looking statements may include, for example, statements about the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower’s management’s current expectations or beliefs and are subject to risk, uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower’s business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes and other factors set forth in VivoPower’s filings with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise.

Contact: 

Julie-Anne Byrne
Investor Relations
[email protected]