Are you familiar with B Corp certification? Qualifying for-profit businesses may consider applying for the certification.
As part of that assessment, they undergo a rigorous B corporation certification process, detailed below. What is B Corp certification? B Corp certification is awarded to businesses that meet stringent social and environmental performance, accountability, and transparency standards. B Lab assesses whether...
We began the lengthy process of completing B Corp’s Business Impact Assessment (BIA) in 2020, so certification is a huge achievement. The assessment involves a questionnaire that is broken down into five main areas known as “impact area pillars”: Governance, Environment, Workers, Community, ...
From potential cost savings to encouraged social responsibility, starting a B corp comes with some advantages, if your state offers the certification process.— Getty Images/fizkes TheU.S. Small Business Administrationdefines a B corp as a for-profit corporation that is driven by both mission and...
Schellman, a leading provider of attestation and compliance services and a top 50 CPA firm, announces its certification as a B Corporation.
B Corp certification is a tougher but more rewarding process. You need to complete a B Lab Impact Assessment, take part in an assessment phone call, provide documentation, amend articles of incorporation, and sign a “declaration of independence” (see an examplehere). B Corps need to have ...
A B Corp company is a business that has completed a rigorous certification process that assesses the business on social and environmental performance, transparency, and accountability. B Corps have a reputation for: being mission-driven in their offering and culture ...
If you are not the best business in the world, you can still be the best business for world. That is the growing sentiment for thousands of businesses getting B Corporation certification. B Corporations are a new kind of business, increasingly becoming a global force for good. Put simply, ...
In addition, the certification process itself can be laborious. “It can take months—and in some cases years—to become a Certified B Corporation, and the amount of time hinges heavily on whether a company already had a system in place to measure its social and environmental impact,” the ...
Practical implications - This study brings new insights to the understanding of purpose-driven enterprises and factors that influence firms' decision to go through the B Corporation verification and certification process. Originality/value - This study establishes a theoretical foundation that becoming a ...