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Midas Pattern Company Ltd honoured with Kings Award for Enterprise for Sustainable Development

Midas Pattern Company Ltd has been honoured with the first ever a King’s Award for Enterprise for Sustainable Development. 

Such is the strict criteria, that this prestigious accolade has been bestowed on just 148 companies in the UK on this occasion and Midas is honoured to be part of a select group of organisations – just fifteen – that have been recognised for their achievements in the sustainable development category.

Fittingly the announcement is made on Friday 21st April 2023, the date of the birthday of the late Queen Elizabeth II.

The King’s Award for Enterprise recognises and celebrates business excellence across the UK. Winners are chosen because they have demonstrated outstanding success and promoted the opportunity to prove an inspiration to others. His Majesty the King personally approves the recipients.

Midas has been recognised for the company's highly respected #MidasGreenInitiative which has seen them make significant investments to become a Carbon Neutral company in just eighteen months. The #MidasGreenInitiative was instigated on 18th April 2019 and by June 2020 Midas had become ‘Process Carbon Neutral’. In January 2021 they formed a long-term business partnership with The Forest of Marston Vale - a charity managing a community woodland site in Midas's home county of Bedfordshire – and thus became ‘Carbon Net Zero’. Two months later Midas was audited by The Carbon Trust and accredited ‘Carbon Net Zero - PAS 2060 Scope 1,2 & 3’. This was followed in August 2021 with accreditation to ISO 14001:2015 by NQA Certification Ltd and further successful audit to ‘Carbon Net Zero - PAS 2060 Scope 1,2 & 3’ in March 2022.

The journey involved a complete investigation of all aspects of life and work at the Midas facility in Bedford and significant financial investments, but the results are outstanding and have contributed to job satisfaction, motivation, profitability and long-term growth.

Speaking about the Award, managing director Alan Rance Prof MICME said: “We are all so proud to receive the esteemed King’s Award for Enterprise for Sustainable Development, in this first year of the reign of HM King Charles III. I am absolutely thrilled for the whole team at Midas. This is recognition of the efforts we have all made on our #MidasGreenInitiative journey to carbon neutrality. We have highlighted that whatever size your organisation is, you can achieve carbon neutrality in a short timeframe if you honour the main principles of environmental awareness and take ownership of your responsibility to make amends for your carbon-intensive past.

“We recognised early on during the #MidasGreenInitiative the difference between carbon reduction and environmentalism and we committed to make carbon neutrality a genuine goal that underpins everything we do at Midas. It is at the heart of the culture at the company. We also recognised the importance of using our platform to encourage others to follow suit. Our investments and pledge have aided our competitive advantage and it’s important to share this message with other companies. It's your duty to your employees, customers, suppliers, shareholders, all stakeholders in your business, your family and of course, the planet. The one thing this commitment doesn’t cost is the earth!

“In fact, in the last 18 months our turnover has doubled because of both our world-leading technicality and competence and our commitment to ‘green’ issues. It is not lost on us that the growth in our turnover, number of employees and expansion of premises is linked to being a company that people want to work for and a company that people want to do business with.

“I am personally humbled and deeply proud to receive the King’s Award for Enterprise in a category that means so much to me and to everyone at Midas. Whilst we are delighted to be based in glorious Bedfordshire, we are proud of our diverse and multi-cultural workforce. There is a waiting list of people wanting to work at Midas and that is because we care about our people, our society and our environment.

“As we work with medical and scientific device companies that are producing life-enhancing and life-saving equipment, we work to very strict standards. As a sector leading supplier with renowned expertise in product evolution, we have also shown that a world-class advanced production facility can achieve carbon neutrality. We make a huge effort to align with our customers and we do so in good faith whilst remaining conscious of our environmental responsibilities.

“I would like to thank everyone at Midas, our customers and our suppliers for their support and synergy throughout our #MidasGreenInitiative journey. We will display our King’s Award for Enterprise with honour.”

The King’s Awards for Enterprise was previously known as The Queen’s Awards for Enterprise, and the new name reflects His Majesty The King’s desire to continue the legacy of HM Queen Elizabeth II’s by recognising outstanding UK businesses. The Award programme, now in its 57th year, is the most prestigious business award in the country, with successful businesses able to use the esteemed King’s Awards Emblem for the next five years.