Walpole: When did Ten’s journey to B Corp certification start?
Hannah Merrick-Jones: It all started in January 2021 with a memorable call from our CEO, Alex Cheatle, asking if I knew what B Corp was (I didn’t), if I thought we should give it a shot, and if I would take the lead. I read up on it, grilled a few friends of our company who had already done it and I mulled it over for a weekend. I called Alex the following Monday to say, ‘Let’s do it.’ I was pretty fearless about it at the time.
How rigorous was the two-year vetting process?
Other B Corp companies told me not to rush as it would take a while – and, wow, is the process thorough. Our journey wasn’t a common one, and it was particularly complex because we’re a truly global company; we have more than 20 offices worldwide, all wholly owned. You can’t compare the metrics of a well-established office in London with a smaller, newer operation in, say, São Paulo. On that basis, we had to manage two separate assessments, one for ‘developed’ and one for ‘emerging’ markets.
Ten is now the world’s first full-service concierge company to become B Corp certified, and the first on the AIM of the London Stock Market. What does that mean to you and to the company?
B Corp is a mark of quality, stability, and integrity. Even if you think you know your business like the back of your hand, as an exercise in self-discovery, B Corp is hugely valuable. It makes you think, ‘Are we actually delivering on our promises and aspirations?’
Looking back, I think we had the right level of confidence and trepidation. We knew certification wasn’t guaranteed, and we were absolutely prepared to fail because there would still be value in knowing where the gaps were; what sort of things we would need to get better at. It does feel major – more so than I’d expected. B Corp illustrates how we have stayed true to our long-held vision and values, and I’m immensely proud of that.
What would you say to sceptics who think that a luxury concierge service and sustainability don’t go hand-in-hand?
It is true that many wouldn’t necessarily associate concierge businesses with ethical practices. We are about luxury, and because our client base is high-net-worth, it could seem to some that there’s not a natural fit there – but it doesn’t mean you have to concede on things such as business ethics, sustainability or diversity. I’d argue that companies like ours can drive change and enable people to start thinking and practising more ethically. Now it’s all about making sure that we keep walking the walk!