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Certification_One_Pager.pdf

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Certification_One_Pager.pdf

  1. 1. An Introduction to B Corp Certification WHAT IS IT? Certified B Corporations (B Corps) are businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. These are businesses that are leading the way in changing our economic system to positively impact all stakeholders — workers, communities, customers, and our planet — not just shareholders. B Corp Certification is managed and awarded by the nonprofit B Lab. To be eligible for Certification, a company must be a for-profit entity and have at least one year of operations. To maintain Certified status, a company must re-certify every 3 years and pay the annual Certification fee. B Lab measures not only the positive impact of a company’s operations but also assesses its potential negative risks. Our community includes over 4,000 B Corps in over 75 countries and over 150 industries, ranging from single-person small businesses to large public multinationals.
  2. 2. WHY SHOULD I DO IT? B Corp Certification is the most credible package to pull together your legacy, leadership and innovation in one cohesive narrative. Certifying as a B Corp can help your company in several ways: Join a Global Movement B Corps work collectively across borders to address our globe’s most pressing issues. Differentiate from Competitors The B Corp seal differentiates good companies from what is just good marketing. Grow Your Business B Corp enriches your pitch to mission- aligned customers, suppliers, and business partners. Benchmark & Improve Performance The B Impact Assessment helps your company set goals, track performance, and engage other departments along the way. Attract & Engage Talent Now, more than ever, workers are choosing to work for companies that reflect their values. Protect Your Mission The B Corp legal standards bake the values of the company into its DNA and ensure that profit isn’t the only bottom line. Shift the Capital Markets B Corps have proven that long-termism is viable and necessary. 488% increase in news attention to B Corps in 2020 compared to 2019. [B Lab] 3x faster growth in sales. [The Business Case for Caring, CircleUp] 2x employee engagement vs. ordinary business. [B Impact Assessment Data] United States & Canada B Lab is transforming the global economy to benefit all people, communities, and the planet. We certify companies—known as B Corps—who are leading the way. usca.bcorporation.net | certify@bcorporation.net | @BCorpUSCan
  3. 3. HOW DO I DO IT? The Certification process includes a review of your business’ performance, with tailored steps and approaches for different types of companies. Certification includes three main components: Achieve a Score of at Least 80 points on the B Impact Assessment The assessment measures your company’s performance across 5 key issue areas: Workers, Customers, Environment, Community, and Governance. B Lab will validate your score based on documentation provided. Your company must also go through a risk review to assess its involvement in controversial industries and practices. Meet the B Corp Legal Requirement Usually this means amending your company’s governing documents, commiting to consider all stakeholders in the company's decision-making, not just shareholders. Meet the B Corp Transparency Requirements Create a public profile and post your score on the B Corp directory. Log Into the B Impact Assessment Today. CREATE MY ACCOUNT United States & Canada B Lab is transforming the global economy to benefit all people, communities, and the planet. We certify companies—known as B Corps—who are leading the way. usca.bcorporation.net | certify@bcorporation.net | @BCorpUSCan

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