rTraction, 3M Globally Recognized for Business Ethics

Queen’s Park, March 22, 2016- I rise today to recognize two exemplary London companies that received global recognition this month for ethical business practices and for redefining business success.

On March 4, London tech firm rTraction announced its official designation as London’s first certified B Corporation. B Corp is an international program to recognize for-profit companies that meet rigorous standards of social and environmental performance, accountability and transparency—in other words, companies that use business as a force for good. Since its founding in 2001, rTraction has been making a difference for its clients, its employees and the London community. As a certified B Corp, rTraction’s two brands, Digital Ellipsis and Engine SevenFour, have joined more than 1,400 certified B Corps from 42 countries and over 120 industries.

The same week, on March 7, the US-based Ethisphere Institute named 3M one of the world’s most ethical companies for a third year in a row for its ethical business standards, its alignment of principle with action, and its impact on shaping future industry standards. Londoners are very proud of 3M’s long history in our community. Since 1951, London has been home to 3M’s Canadian operations, and 3M employs almost 1,000 employees at its head office and manufacturing plant. To earn the designation of an ethical company, 3M was assessed in multiple categories and this year 131 honorees were named, spanning 21 countries, 5 continents, and more than 45 industries.

Congratulations to rTraction CEO David Billson and to Paul Madden, 3M Canada’s President and General Manager. I’m proud of the leadership shown by London firms to demonstrate that good ethics is good business.