A B Corp, otherwise known as a Certified B Corporation, is a business that has met certain high standards established by the non-profit B Lab, which provides the B Corp certification.The B Corp standards involve a corporation's verified social and environmental performance, its impact on its workers and customers, its public transparency. Today, there is a growing community of more than 1,000 Certified B Corps from 33 countries . We're proud to say that since 2015, IVHQ is the first and only volunteer travel provider to be a certified B Corporation. B Corp certification is to business what Fair Trade certification is to coffee or USDA Organic certification is to milk. The rigorous certification process provides the highest standard of verified positive impact of a company. The B Corp Certification works through B Lab, based in part on a company's verified performance on the B Impact Assessment. Certification demonstrates company's environmental, social and economic conscience. Big brands such as Patagonia, Ben & Jerry's are also B Corporations, proving that . Sustainability Fetzer is a B Corp Certified B Corporations are a community of committed leaders, driving a global movement toward building a more inclusive, sustainable economy that benefits everyone. The B Corp Certification assesses the overall positive impact of the company that stands behind it. Only 4% of the 120,000 companies who have gone through the process have been successfully certified—which is why we are tremendously proud to not only pass the certification process, but launch . B Corp - Danone B Corp certification is to business what Fair Trade certification is to coffee or USDA Organic certification is to milk. Certified B Corporations are a new kind of business that balances purpose and profit. As a part of the process, MuLondon answered more than 250 questions about its . What exactly is B Corp? They make decisions that make a positive impact across their workers, customers, suppliers, community, and the environment. The time it takes to complete the assessment will vary based on your company's size and complexity. They go through a rigorous certification process, completing a comprehensive assessment of their company's impacts on all stakeholders, and having their . This includes meeting a certain score on the B Impact Assessment, which measures a company's impact on its workers, community, and environment. B Corp Certification is the most powerful way to build credibility, trust, and value for your business. The certification offers credibility, accountability, and transparency. A Certified B Corp is a for-profit corporation that has been certified by B Lab, which is a non-profit company that measures a company's social and environmental performance against the standards in the online B Impact Assessment. In short, Certified B Corporation® are businesses that meet the highest standards of verified social and environmental performance, public transparency and legal accountability. A Certified B Corporation, commonly known as a B Corp, is a new type of company. SunCommon® is a proud Certified B Corp (B Corporation) in Vermont and New York State, having passed a rigorous assessment of responsible business practices. Founded in 2002, Bridges has since raised over $1bn of investor capital across its platform of . B Lab certifies companies based on how they create value for non-shareholding stakeholders, such as . Learn more about benefit corporation requirements. Certified B Corporation. People want to work for, buy from, and invest in businesses they believe in. Some companies are both Certified B Corporations and benefit . B Corp certification is to business what Fair Trade certification is to coffee or USDA Organic certification is to milk. Since opening its doors in 1976, The Body Shop has launched a series of activism campaigns , even becoming the first international cosmetics brand . Certified B Corporations achieve a minimum verified score on the B Impact Assessment: A rigorous assessment of a company's impact on its workers, customers, community, and environment. To become a Certified B Corporation, a company has to meet rigorous standards for social and environmental performance, accountability, and transparency. Updated October 29, 2021 For more information about these companies and to view results from their B Impact Assessments, visit B Lab's Find a B Corp tool. B Corps aspire to use the power of business to solve social and environmental problem. Certified B Corps are important because they inspire all businesses to compete not only to be the best in the world, but to be the best for the world. There is a fellowship of B Corporations that shares resources. In doing so, these organizations are redefining what success means for business. The assessment measures your business's social and environmental impact. Certified B Corporation; Certified B Corporation. Certified B Corporations are leaders of a global movement of people using business as a force for good. <p>MuLondon is the first UK skin care company to pass the B Lab assessment and earn the prestigious title of a Certified B Corporation. This makes it the first publicly-traded business on the London Stock Exchange to gain the accreditation and one of only 16 fully-certified public B Corps globally. This is a community of leaders, driving a global movement of people using business as a force for good. The questions on your company's B Impact Assessment are determined by company size, sector, and market, with around 200 questions total. B corp certification validates company's employee-centric culture which means you'll be able to retain top talent as well. B Corporations are certified by B Lab, a nonprofit organization founded in 2006 by three friends who set up the B Corp framework and certification to make it easier for mission-driven companies to protect and measure their impact, and make improvements over time. Sustainable Development Goals. B Corps. B Corp is a symbol of sustainability, inclusivity and quality, showing that we have been externally audited and holding us to the highest social and environmental standards. There are over 4,000 Certified B Corps in 77 countries across 153 different industries. To date, there are almost 4,000 B Corps in 150 industries and 74 countries around the world. Exceeding the requirements of the rigorous B Corporation certification confirms MuLondon's purpose-driven goal to have a positive impact and use its business as a force for good. Once approved, B Corps are legally required to change their . Kin + Carta has become a certified B Corp across all markets in which it operates. The UK is the fastest growing B Corp community in the world with more than 450 certified businesses with a combined revenue of more than £4.3 billion. The foundation for becoming a Certified B Corporation can be seen in NewAge's early days. Currently, there are more than 4,000 B Corporations in 70 countries and 150 industries. This conscious business structure balances purpose and profit and meets some of the highest verified standards of social and environmental performance, transparency, and accountability. 4. Examples of fellow B Corps include Patagonia , Allbirds and Ben & Jerry's - and from Denmark companies like Simple Feast , Coffee Collective , Too . Bridges Fund Management is a fund manager that specialises exclusively in sustainable and impact investing, with offices in London and New York. As a part of this business community, we can use our power to enact . Unlike traditional corporations, B Corporations are legally required to consider the impact of their decisions on their employees, suppliers, communities, consumers, and environment.For Namasté Solar, success is measured not only in profits, but also in how the . Certified B Corporations are part of a community working toward not only being the best in the world, but also being the best for the world. This certification looks at the entire business model such as employees, governance, suppliers, and social and environmental impacts to determine B corporation certification. As a Certified B Corporation® and "Best for the World" honoree for two years running, we share our client's commitment to doing well by doing good. A business needs to score at least 80 points out of the maximum 200 to be eligible for B Corp certification. A Certified B Corporation ® must meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. The benefit corporation is a legal structure for a business. Community. Posted 3:59:21 AM. According to Business Insider, a Certified B Corp is a business that rejects the idea of "what's good for business" and instead focuses on "what's best for everyone."Each year, many businesses volunteer to be assessed by the nonprofit group B Lab for certification. Athleta is a Certified B Corp. We use business as a force for good. Learn More. Rhino Foods became a Certified B Corp to support our purpose: to impact the manner in which business is done. Being part of an expanding global community of companies working to be profitable, while positively impacting employees and their community, gives you an incredible resource to be better at every aspect of your . It is a growing international community of more than 3,500 certified B Corps. Today, our pursuit of the extraordinary continues and our B Corporation certification exemplifies this. According to Business Insider, a Certified B Corp is a business that rejects the idea of "what's good for business" and instead focuses on "what's best for everyone."Each year, many businesses volunteer to be assessed by the nonprofit group B Lab for certification. Certified BCorp. Certified B Corporations must meet rigorous standards of social and environmental performance, accountability, and transparency. This certification and new corporate structure recognizes that our commitment to great beer is matched by our commitment to philanthropy, community, and environmental stewardship. They care about their employees, the environment, and their impact on the world. Building a Better Business. If a company is B Corp Certified, consumers, and potential employees or investors know that the brand authentically cares for the world and the community around them and is committed to using their business as a force for good. Benefit corporations are legally empowered to pursue positive stakeholder impact alongside profit. To be a Certified B Corp, a company must meet high standards of performance, transparency, and accountability as set by the nonprofit B Lab. Big brands such as Patagonia, Ben & Jerry's are also B Corporations, proving that . They meet the highest verified standards of social and environmental performance, transparency, and accountability. All Anti-racism B Corp Lists B Corp Month B Lab Voices Best for the World Business Strategy Climate Action COVID-19 Environmental Justice Gift Guides Justice, Equity, Diversity, & Inclusion Stakeholder Capitalism Sustainable Development Goals Workplace Culture. B Corporation (also B Lab or B Corp) certification of "social and environmental performance" is a private certification of for-profit companies, distinct from the legal designation as a Benefit corporation.B Corp certification is conferred by B Lab, a global nonprofit organization with offices in the United States, Europe, Canada, Australia and New Zealand, and a partnership in Latin America . They meet the highest verified standards of social and environmental performance, transparency, and accountability. You'll have access to B corp community data, which provides you access to learn the most cost-effective means to be sustainable.
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