What Does it Mean to be a B Corp & Why is it so Valuable?
What Does it Mean to be a B Corp & Why is it so Valuable to a Business?
B Corporations: businesses with the highest social and environmental performance, recognised as the top standard by certification from B Lab.
B Lab – a non-profit organisation dedicated to making it easier for mission-driven businesses to have a more positive impact on the planet and its people.
In 2006 B Lab launched the B Corp certification, driving a global movement of individuals using business as a force for good, in order to redefine success and build a more inclusive and sustainable economy.
B Corp businesses work to balance both purpose and profit with legal requirements to consider the impact of their decisions on their workers, customers, suppliers, community, and the environment. They utilise the power of business to achieve a greater goal: positive impact for their employees, communities, and the environment.
The certification allows you to be recognized at the highest standard through an extremely valuable organization, and we don’t say that lightly… with more than 100,000 businesses signing up for the B Corp impact assessment since it begun, only 3,500 have been certified which reflects it’s extremely high standards and honour to be a part of!
Being B Corp certified truly reflects you as a business who truly are always striving to do better and represent the best ethos, all for your team, the planet, and the people within it.
4,075 companies, 153 industries
Who is B-corp?
With a large collection of B Corp registered companies we have chosen a select few to highlight, all relevant to our New Chapter industries…
How to become a B Corp company
Assessed on a points system the accreditation process is extremely thorough, with 80 points needed to pass and companies measured against five key categories:
GOVERNANCE
WORKERS
CUSTOMERS
COMMUNITY
ENVIRONMENT
And that’s not it! You must also undertake an exam of 150-200 questions regarding how your business operates.
The final step of the process | Declaration & Fees
The declaration of interdependence states that all B Corps:
- “Must be the change they seek in the world
- Ought to be conducted as if people and place matter
- Through products, practices, and profits, businesses should aspire to do no harm and benefit all.
- Businesses must act with the understanding that we are dependent upon another and thus responsible for each other and future generations.”
