Certified B Corps • Certified B Corporation is a certification conferred by the nonprofit B Lab. A simple look at which questions your company already excels at and which practices it could improve on B… Taken together, the Impact Assessment and Disclosure Questionnaire comprise a holistic framework for any company that is seeking to do good through its business – which is, of course, what B Corps are doing! Visit B Cop™ website Start the B Impact Assessment to continue the journey towards B Corp Certification. You’ll then need to complete the BIA and score a minimum of 80 points out of 200. It was originally derived from “benefit corporation”, a type of US corporate structure, but B Corp means many things to many people. Ben & Jerry's. Public Markets In 2017, Laureate Education, a higher education company with campuses around the world, was the first benefit corporation to have an initial public offering (IPO). Learn more here. Check out "The Path To B Corp Certification" webinar and our website for more resources. The BIA is broken up into five different sections: Governance, Workers, Community, Environment, and Customers. There’s also a Disclosure Questionnaire, which asks about specific items where a company must disclose if it is involved in activities such as gambling, payday lending, or wildlife or wildlife products. What does B Lab use the B Impact Assessment for in my Pending B Corp application? This assessment must be repeated every three years. B Leaders complete an intensive 5-day training programme covering all areas of B Corp certification and the B Impact Assessment. To become certified as a B Corp, companies must complete an assessment of their impact in five categories: environment, workers, customers, community and governance. The Impact Assessment is a great tool to use to assess your company’s sustainability practices. The Certification is supported by Unilever, and is fully aligned with their own ambitious sustainability agenda. The B Impact Assessment is one of the third party standards that meets the statutory requirements for a benefit report. Certified B Companies are a new kind of business that balances purpose and profit. They set out on a 10-week programme to complete their BIA, the first step on the journey to becoming a B Corp certified company. The assessment is free and confidential, you can add multiple team members, set goals and compare your answers to thousands of other businesses. The B Impact Assessment (BIA) is a tool to assess a company’s overall social and environmental performance. assessing the b corp assessment Monday, April 10, 2017 by Corey Kohn It was recently time to re-certify as a B Corp - we were happy to do it and pleased to pass with flying colors.Just like the original assessment, the recertification took some serious time and energy, but we've been really pleased to be a B Corp these last two years and so it felt well worth it. Important: Nonprofits can not pursue certification but can use the Assessment as a tool to improve their practices. B Corp Certification is the next chapter for socially responsible businesses. To certify your business as a B Corp, your company needs to be in operation for one year (if you’ve been in business for less than a year, check out the B corp guide for startups). Certified B Corporations are leaders of a global movement of people using business as a force for good. The B Impact Assessment (BIA) is a tool to assess a company’s overall social and environmental performance. They are legally required to consider the impact of their decisions on their … Expect to take 60-90 minutes to take a first pass, but since it’s an online checklist, you can work on it, save it, and then return to it later to complete it. From raising capital to attracting new clients and employees, this gold standard of Corporate Social Responsibility accreditations offers a … Five weeks ago, three Future Space businesses joined the B Corp Business Impact Assessment (BIA) cohort with Andy Hawkins. Sorry we couldn't be helpful. The B Impact Assessment evaluates how your company’s operations and business model impact your workers, community, environment, and customers. Certified B Corps are a new kind of business that balances purpose and profit. Join the global community of Certified B Corps . B Corps are certified by the nonprofit B Lab to meet rigorous standards of social and environmental performance, accountability, and transparency. Modified on: Mon, 10 Feb, 2020 at 12:41 PM. See where you stand to meet the 80 point bar for B Corp certification and benchmark your results against 40,000 other businesses. We caught up with Andy Hawkins (Chief Purpose Officer, Business On Purpose) to see how the first half of the programme has progressed. Snapshot Report. Some of the benefits include: Begin working on your Impact Assessment. B Corp Certification requires a minimum verified total score of 80 across all impact areas. What You Ought to Know About Certified B Corps, Top 10 Best Benefits of Green Business Certification, How A Sustainability Framework Can Improve Your Business. The bookmark allows you to flag measures to revisit them later; this is useful for when you’re not sure about an answer and you want to come back to it later. 150. 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