Tea company swoops the highest accolade for business success in sustainability amidst fierce competition
English Tea Shop, has won the prestigious Queen’s Award for Enterprise in Sustainable Development, the UK’s highest accolade for business success in sustainability. As one of the UK’s most loved tea companies, English Tea Shop has been given the award for its pioneering business model of ‘Creating Shared Value’ coupled with strong leadership and engrained sustainable ethos throughout its supply chain under its Prajava mantra, the Sri Lankan word for community.
Since its inception in 2010, English Tea Shop has been passionate about doing things differently and has been driving the sustainability agenda within the tea industry through its unique approach of Creating Shared Value (CSV). The business model is about win-win situations, finding opportunities for growth in sustainable development and creating value for the business and for the world at large. Unlike CSR, CSV is a two-way street making businesses much more sustainable and meaningful in the long run.
As an early adaptor of this revolutionary approach, English Tea Shop has won a string of awards including the National Business Award for Sustainability in 2017, for its efforts and impact on lives of those across their supply chain. It was also recently named as one of 1,000 companies to Inspire Britain. The Queen’s Award for Enterprise is the latest win for the tea company, and one which the business has been working towards for a number of years.
English Tea Shop CEO Suranga Herath comments;
“We’re honoured to have been chosen as the recipient of the award for sustainability. Each year we set ourselves challenges to make sure that as a business, and as change makers we never stop pushing for more. This award is a testament of the hard work, determination and vision that our employees and partners have put in over the last couple of years. Despite our tremendous growth, we’re far from finished and have some very exciting plans for the future. It’s also brilliant that sustainability initiatives such as CSV and Love, Care, Change are being recognised more widely.”
The latest initiative from English Tea Shop’s sustainability agenda is the launch of its ESOP (Employee Stok Ownership Plan) last month, which has been in development alongside domain specialist Ernst & Young (EY) for the past year.