What Is a B Corp?

What is a Certified B Corporation?

• Companies that are committed to working for environmental and social benefit and to make a profit
• Companies that have gone through a rigorous independent 3rd party verification process by the non profit B Lab to ensure they meet the highest verified standards of social and environmental performance, transparency and legal accountability

Why become a B Corporation?

• Increase brand awareness, differentiate your company and be a leader in your industry
• Attract and retain top talent – statistic
• Increase market share —
• Improve operations 

What is behind the B Corporation movement?

• Vision is for an inclusive, equitable and regenerative economic system for all people and the planet
• Evolution of capitalism to consider impact on all stakeholders – workforce, community, environment, governance and customer impact
• Belief that the business community can be part of the solution to global problems like wealth inequality, climate change, social justice and racism.

What is the process?

• Complete Assessment to evaluate how the Company’s operations and business model impact its workers, community, environment and customers.
• Achieve a minimum score of 80 out of a possible score of 200
• Provide supporting documents and complete a review call with B Lab.
• Update  corporate structure to align its legal structure with the company’s mission
• Pay an annual fee to the non profit B lab that is determined by the companies revenues ranges from $500 to $50K
• Sign the declaration of Interdependence

What is the next step:

Reach out to impact 360 assessment for a complimentary assessment