03/08/2023
What it means to be B Corp certified?
Certified B Corporations have been designated for the commitment to a more inclusive, equitable, and regenerative economy. Unlike other certifications for businesses, B Lab measures a company’s entire social and environmental impact.
B Corp Certification is a designation that a business is meeting verifiable high standards of performance, accountability, and transparency on factors from governance and charitable giving to supply chain practices and input materials
In order to achieve certification, a company must:
Demonstrate high social and environmental performance by achieving a B Impact Assessment score of 80 or above and passing a risk review.
Make a legal commitment by changing their corporate governance structure to be accountable to all stakeholders, not just shareholders, and achieve benefit corporation status or equal status.
Exhibit transparency by allowing information about their performance measured against B Lab’s standards to be publicly available on their B Corp profile on the B Lab website.
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