B Corps are for-profit companies certified by the nonprofit B Lab to meet rigorous standards of social and environmental performance, accountability and transparency. B Corp Certification requires a minimum verified total score of 80 across all impact areas. In certain cases, the company will be required to implement specific remedies to obtain or maintain the Certification, and in rare cases the company's Certification will be denied or revoked. For the latest news and events about the community of Certified B Corporations, © Copyright 2020 B Lab. This component of the B Corp Certification is critical in maintaining the credibility of the Certified B Corp seal. That’s no small mission. We achieved 58% of the total possible score, and we work hard to be a responsible company. Some companies are both Certified B Corporations and benefit corporations, and the benefit corporation … Check out our resources on making an internal plan to prepare for B Corp Certification. Pour se voir octroyer la certification et ensuite la préserver, une société doit obtenir une note minimale de 80 points (sur 200) sur le standard international qui est accessible dans l'outil en ligne \"B Impact Assessement\" [archive]. Meet the B Corp Legal requirement to amend the company’s Articles of Association, making a commitment to consider all stakeholders in the company's … Certified B Corporations are a new kind of business that balances purpose and profit. Return later after researching more in depth questions. Because the B Impact Assessment measures performance over the past twelve months, only companies that have at least one year of operations are eligible for B Corp Certification. All Certified B Corps share their B Impact Report publicly on their B Impact Reports on bcorporation.net. The Assessment is a free public good provided by B Lab. The Pros of a B Corp… Background checks include a review of public records, news sources, and search engines for company names, brands, executives/founders, and other relevant topics. Meeting the B Corp Requirements. A company’s BIA score can be a barometer, which shows where a company is … After completing the B Impact Assessment, eligible companies interested in pursuing certification undergo a review process with B Lab to determine if they meet the 80-point bar for Certification. If I use the Assessment, does our company have to become a B Corp? After completing the B Impact Assessment and Disclosure Questionnaire, click “Submit for Review.” After submitting your assessment, your company will undergo an initial Evaluation to determine the most appropriate certification process based on the individual characteristics of your business. The B Corp Certification is a third-party certification administered by the non-profit B Lab, based in part on a company's verified performance on the B Impact Assessment. We did well in some areas and have room for improvement in others. Companies with material items in their Disclosure Questionnaire or background check may be asked to make incremental information transparent on their online profile. After completing the B Impact Assessment, companies undergo a multi-step verification process to determine if they meet the 80-point bar for Certification. Pending B Corp status is available only to companies with less than 12 months of operations. The B Impact Assessment is updated every three years; recertification gives companies the opportunity to set improvement goals against the most-up-to-date standards and benchmark their performance over time. You can find the pricing schedule for the annual fee on the Certification homepage. Certified B Companies are a new kind of business that balances purpose and profit. B Corp Certification requires a minimum verified total score of 80 across all impact areas. This process ensures that companies who become Certified B Corporations continue to engage in a high level of impact with their stakeholders, even as the business grows or changes. What is a B Corp? About 1,700 companies have gone through the process so far, including big companies like Etsy, Ben & Jerry’s and Patagonia. The time it takes to complete the assessment will vary based on your company's size and complexity. To learn the legal requirement and B Corp Agreement for your company’s particular structure and location, use our Legal Requirement Tool. How much do scores change after reviewing the Assessment with B Lab Staff? From stainless steel process tanks and vessels, to process modules and skidded systems, we provide custom turnkey solutions that will help you meet or exceed your production goals. Join 5 0, 0 0 0 + businesses using this free, confidential tool See how people are building better businesses* *You don't have to be the CEO to use this tool Rob Michalak. B Corporation Australia & New Zealand Tip: Once you've completed at least 90% of the Assessment, select "Submit for Review," and our staff will be in touch to schedule your Review. The companies that undergo Site Review each year include Certified B Corps who are randomly selected and those that are required to undergo an annual Site Review as part of expanded terms of Certification. Ce sont des entreprises à but lucratif (for profit) qui souhaitent progresser et démontrer leur impact positif (for purpose) en étant évaluées sur leur performance globale tous les 3 ans. New York City, New York. In order to graduate from a Pending B Corp to a Certified B Corporation, a company must have a verified score of at least 80 on the assessment within 12 months after achieving Pending status. They make decisions that make a positive impact across their workers, customers, suppliers, community, and the environment. The B Corp assessment is comprehensive and bracing. Cette certification est attribué par B Lab [archive], un organisme sans but lucratif établi aux États-Unis, en Europe, en Amérique du Sud, au Canada, en Australie et en Nouvelle-Zélande. After twelve months, Pending B Corps go through the full B Corp Certification process. “Going through the certification requires taking a close look at how you run your business. Visit B Cop™ website The B Impact Assessment (BIA) is a free, confidential platform designed to help measure and manage your company's positive impact on your workers, community, customers and environment. Learn more about requirements for subsidiaries and other related entities. Measure what matters most: your social and environmental impact Certified B Corps are a new kind of business that balances purpose and profit. The assessment is verified by our independent Standards Management Team and companies must provide documentation and other evidence to support and verify their answers. From your supply chain and input materials to your charitable giving and employee benefits, B Corp Certification proves your business is … Typically, the majority of these responses are minor in nature and therefore no further action is needed. The assessment is painstaking, as Prosenjak and others attest. Achieve a score of at least 80 points on the B Impact Assessment and submit it for review. Benefit corporations and Certified B Corporations are often confused. By incorporating the BIA into its everyday business practices, Bridges demonstrates how environmentally and socially conscious companies can build a foundation for stronger long-term … The wait time between assessment submission and the assessment review varies depending on volume, as well as how much  time you need to present supporting documentation to validate select assessment responses. Takes ~2-3 hrs to complete the Full Assessment. In Australia & New Zealand businesses need to be operational for 12-months before being B Corp certified. The B Corp Certification is a third-party certification administered by the non-profit B Lab, based in part on a company's verified performance on the B Impact Assessment. “As America’s largest B Corp Bank, we are on a mission to support those who support others, to invest in progressive and impactful causes, to seek true financial opportunity for all and ultimately, do the most good for the most people.” Amalgamated Bank. The questions on your company’s B Impact Assessment are determined by company size, sector, and market, with around 200 questions total. Our company does not have suppliers. You must have JavaScript enabled to use this form. Takes ~2-3 hrs to complete the Full Assessment. From there, you may* schedule a time to review the B Impact Assessment over the phone. The B Impact Assessment evaluates how your company’s operations and business model impact your workers, community, environment, and customers. Assess how your company is better for your workers, community, customers, and the environment. The questions on your company’s B Impact Assessment are determined by company size, sector, and market, with around 200 questions total. The results of background checks undergo the same review process as items selected in the Disclosure Questionnaire. These new corporate forms give entrepreneurs the freedom to define success beyond profit for their businesses and protect their … Le changement. See Disclosure Questionnaire above for more information. Auditing for B Corp businesses. A B Lab Standards Analyst will reach out to confirm your submission and some details about your business. ©Copyright 2020 B Lab. In order to certify, companies must also sign their B Corp Agreement, which commits them to meeting the legal requirement if they have not done so prior to certification. LEARN MORE ABOUT B CORPS Our goal for this review is to verify the requirements of the certification and further confirm the accuracy of affirmative responses in the company's B Impact Assessment. Sign up for a free webinar to learn more about the case for B Corp certification and the process. Note: Need help making a plan to meet these requirements? The benefit corporation is a legal structure for a business, which exists in 34 states across USA, Italy and Colombia. This is your complete guide to the performance, legal, and transparency requirements to become a Certified B Corp. Once companies meet all below requirements, they pay an annual Certification fee. Each year, 10 percent of recertifying Certified B Corporations are selected for an in-depth Site Review. B Corps are organizations that successfully complete the B Lab assessment and certification. Certified B Corps that are wholly-owned subsidiaries or public companies are subject to a mandatory on-site Site Review during each three-year certification term. It makes you be even better. Here, what the certification entails, and how your own mission-driven startup can benefit. Here are some of the other pros and cons of a B Corp to consider before filing your articles of incorporation. Who is B Lab? The Site Review will take place either in-person or virtually and typically takes between 6-10 hours depending on the size and scope of business. “Going through the certification requires taking a close look at how you run your business. Through B Lab’s assessment process, we’ve learned a lot about how to improve as a business. Small companies have, too, including Andy Smith Photography in Devon, Penn. However, with a head start on the legal requirement and full knowledge of the B Impact Assessment, you should have everything you need to certify with confidence. While the B Corp Certification is primarily based on assessing a business's positive impact, material negative impacts are also considered through the Disclosure Questionnaire, background checks, and a public complaint process. The content of the B Impact Assessment is overseen by B Lab’s independent Standards Advisory Council. These companies are just as … Your responses to the B Impact Assessment determine your total numeric score. See where you stand to meet the 80 point bar for B Corp certification and benchmark your results against 40,000 other businesses. Many organizations are both SEA members and certified B Corps. Companies that earn a minimum score of 80 out of 200 points undergo an assessment review process, essentially a conference call verifying the claims made in their assessment. Finally, we run regional engagement programs to onboard new businesses in our movement. The benefit corporation is a legal structure for a business, like an LLC or a corporation. Who is B Lab? Companies are required to provide supporting documentation before they are certified. En … B Corp Certification is the only certification that measures a company’s entire social and environmental performance. The questions on your company’s B Impact Assessment are determined by company size, sector, and market, with around 200 questions total. Acceptance into and continued participation in the B Corp community is at the sole discretion of the Standards Advisory Council and B Lab's Board of Directors. Certifying as a B Corporation goes beyond product- or service-level certification. What is a B Corp? The Verification Process. In order to become a B Corp, your organization has to get score of at least 80 out of 200 on the stringent Impact Assessment. The comparison isn’t apples to apples. Benefit corporation è uno stato giuridico – ammesso in 35 Stati degli USA, in Puerto Rico, in Italia (dal 1º Gennaio 2016) come Società Benefit, in Colombia (2018), British Columbia (2018), e Scozia (2018) – pensato per aziende a scopo di lucro che vogliano andare oltre l'obiettivo del profitto, e che vogliano massimizzare il loro impatto positivo verso la società e l'ambiente. To fulfill the performance requirement for B Corp Certification, a company must complete the B Impact Assessment. B Corps need a minimum of 80 out of 200 points to get certified. B Corp Certification is the only certification that measures a company’s entire social and environmental performance. B Corps are for-profit businesses throughout the globe that have earned B Corp certification. The B Corp legal framework helps companies protect mission through capital raises and leadership changes and gives entrepreneurs and directors more flexibility when evaluating potential sale and liquidity options. To become a B Corp, businesses need to complete the B Impact Assessment and ensure they meet the legal requirements. They are legally required to consider the impact of their decisions on their … In acknowledgement of the fact that changing corporate structure or articles takes time, B Lab allows a grace period for mid-to-large sized companies with 10+ employees to complete the legal requirement after certification is complete, the length of which varies depending on structure and location. Certified B Corporations are legally required to consider the impact of their decisions on all their stakeholders as part of the terms of their Certification. Create an improvement plan with free best practice guides and your custom Improvement Report. B Lab, a third-party non-profit certifies it. Assess how your company is better for your workers, community, customers, and the environment. A growing number of multinational companies are interested in engaging with the B Corp movement. The Verification Process. Our company is a holding company that has multiple subsidiaries or franchisees. To qualify for certification, companies must score a minimum of 80 points out of a possible 200. Tip: Set aside ~1 hr and estimate your answers for a first pass. Benefit corporations are legally empowered to pursue positive stakeholder impact alongside profit. B Corp Certification requires a minimum verified total score of 80 across all impact areas. Simply taking the Assessment does not automatically make a company a B Corp nor does it obligate the company to pursue B Corp Certification. The B Impact Assessment evaluates how your company’s operations and business model impact your workers, community, environment, and customers. B Lab is a non-profit organization dedicated to using the power of business as a force for good.Learn more >, B Corporation | B Analytics | Benefit Corporations | B the Change Media | Best for the World. The standardized components within the BIA and the interactive assessment process with B Lab provide a holistic and systemic model for sustainable business. In order to maintain B Corporation certification, a company must update their assessment every three years, provide additional documentation to verify their answers, and achieve at least 80 out of 200 available points. Today, there are over 1,800 certified B Corps across the world. Companies also must meet certain transparency requirements to become Certified B Corps, as laid out in the B Corp Agreement. We spoke to Kate Sandle, Community Manager for B Corp UK, whose favourite interpretation of B Corp comes from Ghandi – “Be the change you wish to see in the world”. Due to record high demand, there is currently a 1-6 month wait to proceed with the verification process. Before the Review process your company’s assessment score reflects a self-reported and unverified score. This process typically takes several months after the assessment has been submitted. Your company’s B Corp Recertification is not complete until the Standards Review Team has all of the information and documentation requested throughout the process. Limits these expanded rights to shareholders exclusively. Get Started. The B Corp standards involve a corporation’s verified social and environmental performance, its impact on its workers and customers, its public transparency. So the process must be rigorous, not a badging exercise for any business that simply wants to look good. The list of documentation requested depends on your specific answers to the B Impact Assessment and is generated after your company completes an Assessment Review with B … Learn more about what it means to be a Certified B Corporation with the free Intro to B Corps short course. See Sample Questions. Score Verification, Documentation & Assessment Review, Schedule an Assessment Review and Submit Initial Documentation, Learn more about requirements for subsidiaries. Note: Your company may also be eligible to participate in an Assessment Review and Documentation process that does not require an Assessment Review call. We’ve also learned that B Lab’s assessment is tough! The B Impact Report is the summary of a company’s scores on the B Impact Assessment by category and contains no question-level information. Site Reviews take place virtually or on-site at the discretion of B Lab. B Lab delivers the B Corp Certification to companies that meet the highest standards of verified social and environmental performance, legal accountability and public transparency. The questions on your company’s B Impact Assessment are determined by company size, sector, and market, with around 200 questions total. Companies provide information and/or documentation to typically  six to fifteen selected questions related to company operations to support verification. This isn’t just good marketing—B Corps also respect and share with each other, which is good for business and good for the ecology of a socially responsible economy. This call typically results in score adjustments. B Corporation status can be achieved by receiving accreditation from B Lab (a non-profit organisation). They are legally required to consider the impact of their decisions on their workers, customers, suppliers, community, and the environment. What happens when I hit Submit for Review? Certified B Corporations are a new kind of business that balance purpose and profit. Select a question to jump to the answer . This article explains the Review Process, which typically applies to all small and medium businesses, and may also apply to larger companies depending on their structure. The three pillars of B Corp Certification make it unique, material, and credible. The B Impact Assessment evaluates how your company’s operations and business model impact your workers, community, environment, and customers. They are legally required to consider the impact of their decisions on their … To obtain B Corp certification, a company must complete a B Impact Assessment (BIA) and earn an audited minimum score of 80 out of 200 possible points and recertify - with the aim to continuously improve - every three years. B Corps have been around in the US since 2007, with brands like Ben & Jerry's and Patagonia achieving certification. Our company is a holding company that has multiple subsidiaries or franchisees. Note: This Verification Process described below will typically apply to all companies that earn under $100M in annual revenue, and may also apply to larger companies depending on their structure. Les entreprises labellisées à date sont de toutes tailles et tous secteurs, icônes historiques comme Patagonia, Natura, Alessi ou Ecover, « jeunes pousse… Per essere riconosciuti come B Corp si deve completare il protocollo di analisi B Impact Assessment e ottenere un punteggio che non può scendere sotto 80 punti su una scala 0-200. However, if B Lab identifies one or more items in the Disclosure Questionnaire or in a background check of a company and its senior management to be material, it may merit further transparency, and the company will be notified to provide incremental disclosure their B Impact Report on www.bcorporation.net. For Bridges Fund Management, a London-based fund manager founded in 2002 and a B Corp since 2015, the B Impact Assessment (BIA) also is part of its evaluation process for potential investments. B Corp Basics. Public companies and wholly-owned subsidiaries are subject to additional transparency requirements. The Assessment is a free public good provided by B Lab. Responses to the Disclosure Questionnaire do not affect a company’s numerical score on 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. Typically an additional one to six responses will be selected for documentation. VIEW SAMPLE QUESTIONNAIRE VIEW COMPLAINTS PROCESS. How should we … Measure what matters most: your social and environmental impact However, the actual process of becoming a certified B Corp is long and arduous. Ben & Jerry's. The initial step is to complete an on-line assessment (B Impact Assessment). The review process is central to the B Corp Certification and Community - it is our process to ensure that B Corps are stewards in creating a positive impact and meet the highest standards of social and environmental performance. Tip: Set aside ~1 hr and estimate your answers for a first pass. On the other hand, the qualification process is more extensive because the social or environmental welfare mission of the company must be verified. B Corp Certification is the only certification that measures a company’s entire social and environmental performance. and just recently, Love Bottle of Portland, Ore. What exactly is a B Corp certificate? In order to become B Corporation certified, companies must go through a rigorous process of filling out what’s called the B Impact Assessment: a series of questions that provide insight into the company’s practices. The B Corp assessment is comprehensive and bracing. Certified B Corporations (B Corps or B Corporations for short) are leaders of a global movement of people using business as a force for good. A&B Process Systems is an industry leader in the design, fabrication, automation and installation of stainless steel process systems used in a variety of industries. Companies also must meet certain transparency requirements to become Certified B Corps, as laid out in the B Corp Agreement. The Disclosure Questionnaire allows the company to confidentially disclose to B Lab any sensitive practices, fines, and sanctions related to the company or its partners. Get prepared. After the review, a company completes a documentation review focused on their business model. A simple look at which questions your company already excels at and which practices it could improve on. If required, an Assessment Review call typically takes 60 to 90 minutes. Companies under one year are eligible for Pending B Corp Status. The Disclosure Questionnaire is the final series of questions your company will answer in the B Impact Assessment. More information can be found here.To learn more about the benefits of becoming a B Corp, visit this page.. To join SEA, visit our membership page to learn more about membership categories and benefits. Online assessment. What types of organizations should take the Assessment? 2. A poorly-managed company won’t pass. The time it takes to complete the assessment will vary based on your company's size and complexity. These documents must be provided before the Assessment Review takes place, otherwise, B Lab may postpone scheduling the call until the initial requests have been provided. The B Corp Certification is a third-party certification administered by the non-profit B Lab, based in part on a company's verified performance on the B Impact Assessment. To obtain a B Corporation certification, a company first completes an online assessment. A Snapshot Report *You don't have to be the CEO to use this tool, “The B Impact Assessment added a new twist to our initiatives - it helped us understand where we are in comparison to other companies.”, “Pasar por este proceso contribuyó a que nuestros consumidores y otros compradores mayoristas a confian aún más en las prácticas de nuestra compañía.”, “The experience of taking the Assessment really dug deep into what our company does and how effective it can be.”, And what you need to know if you're pursuing B Corp Certification. B Corps meet rigorous and transparent standards around social and environmental responsibility that support the triple bottom line. The time it takes to complete the assessment will vary based on your company's size and complexity. The content of the B Impact Assessment is overseen by B Lab’s … Financial Services. This is a time for the company and a B Lab Standards Analyst to review questions or answers that may have been unclear and adjust the self-assessment to ensure that it captures the company's unique circumstances and impact as accurately as possible. What is an Assessment Review? It was originally derived from “benefit corporation”, a type of US corporate structure, but B Corp means many things to many people. As an added bonus, B Corps are highly successful. Companies pursuing Certification are subject to background checks by B Lab staff. Which year of data should I use to complete the Assessment? It engages the entire workforce, gets them focused on what they do well and shows where you can improve,” says Heim. There’s a good reason for that – the B Corp community wants to redefine success in business and build a more inclusive and sustainable economy. After completing the B Impact Assessment, companies undergo a multi-step verification process to determine if they meet the 80-point bar for Certification. To become B Corp certified, companies have to complete the B Impact Assessment (BIA), a comprehensive questionnaire that determines a company’s impact on their community, employees, the environment, and beyond. A Certified B Corporation is a for-profit business dedicated to social and environmental issues. Certifying as a B Corporation goes beyond product- or service-level certification. Certified since: January 2017. Measure what matters most: your social and environmental impact Which year of data should I use to complete the Assessment? A more holistic look at how your company scores overall and across multiple questions related to the same impact topic. B Lab promotes mission-aligned legal structures like the benefit corporation that join the interests of business with those of society. Une fois l'évaluation d'impact social et environnemental réalisée, elle la soumet pour vérification à B Lab. Benefit corporations are legally empowered to pursue positive stakeholder impact alongside profit. If I use the Assessment, does our company have to become a B Corp? To achieve this, businesses measure their social impact and environmental impact, using the B Impact Assessment and the SDG Action Manager tool. B Lab Switzerland is a non-profit organisation based in Geneva, that believes business can be used as a force for good. Score Verification, Documentation & Assessment Review 3. B Impact Report You have to agree to a possible on-site review/audit of your … Simply taking the Assessment does not automatically make a company a B Corp nor does it obligate the company to pursue B Corp Certification. Online profile Team, finalize your Certification by meeting the accountability and transparency requirements beyond... 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