Grove Collaborative Announces B Corporation Recertification & Releases 2023-2024 Sustainability Report

Grove Collaborative Holdings, Inc. (NYSE: GROV) (“Grove” or “the Company”), the world’s first plastic neutral retailer, leading sustainable consumer products company, Certified B Corporation, and Public Benefit Corporation today launched its fifth annual Sustainability Report for 2023-2024. The comprehensive report provides detailed updates on key company commitments, progress, and partnerships across material issues relating to Grove’s business, including plastic, carbon, forest health, ingredient standards, and justice and equity. Grove today also announced their B Corporation recertification by B Labs with a score of 100.9 points. The progress on key programs in the past calendar year and improved metrics of Grove’s entire social and environmental impact reinforce Grove’s continued commitment to transform the consumer products industry into a positive force for human and environmental health.

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“We’re thrilled to be recertified as a B Corporation - the highest credential for a sustainable business - with an even higher score alongside the launch of our fifth annual sustainability report. These achievements are a reflection of our dedication to transparent and sustainable business practices, while also inspiring the wider consumer products and retail industries to follow suit,” said Jeff Yurcisin, CEO of Grove Collaborative. “Sustainability is our core differentiator as a company, and while we have made great strides in reducing single-use plastic from our product assortment, more needs to be done at scale beyond our business. A sustainable future cannot coexist with our industry’s current use of single-use plastic, and we need our industry peers to join us in our efforts to stop the damage plastic is causing our planet and our health.”

Key highlights from the 2023-2024 Sustainability Report can be found further below. To read the full report, go to: http://grove.co/sustainabilityreport2024.

B Corporation Recertification

A Certified B Corporation is a third-party standard by global nonprofit, B Labs, requiring companies to meet rigorous social sustainability, environmental performance, and accountability standards and be transparent to the public on how they are assessed. Every three years, B Corporations must go through a detailed recertification process to maintain their certification status, which measures a company's performance in five impact areas – governance, environment, workers, customers, and community. The average company who takes the B Impact Assessment scores a 50.9 and the minimum to become a Certified B Corporation is 80 points. Grove Collaborative is proud to report that it earned a score of 100.9 points and has maintained its certification for more than ten years, a milestone attributable to only about 5% of the nearly 8,400 certified B Corps today. The primary drivers of Grove Collaborative’s score include: