B Corp Certification is a designation that a business is meeting high standards of verified performance, accountability, and transparency on factors from employee benefits and charitable giving to supply chain practices and input materials.
Besides, how hard is it to become B Corp certified?
The process towards Certification can be challenging (about 1 in 3 that submit for certification will certify) but it is truly worth it! The process and requirements towards Certification differ based on company size and structure.
Furthermore, how many certified B Corps are there?
Today, more than 4,000 B Corps across 77 countries and 153 industries are unified by one common goal: to transform the global economy to benefit all people, communities, and the planet.
Is B Corp legit?
Certified B Corporations are for-profit companies that meet the highest standards of verified social and environmental performance, governance, transparency and legal accountability. … To become certified, a rigorous due diligence assessment is conducted by the B Lab organization, a non-profit certification body.
Is Ben and Jerry’s AB Corp?
Ben & Jerry’s Joins the B Corp Movement!
We are a certified B Corporation, which is recognized as the highest standard for social corporate responsibility. B Corps are a new type of corporation that uses the power of business to solve social and environmental problems.
Is Nike AB Corp?
So, of course, have many other companies, including public companies Unilever, Nike, Starbucks, Southwest Airlines and Google that are widely recognised as sustainability leaders. They didn’t have to become B Corps, which makes you wonder why the new benefit corporation legislation is needed.
Is Rei AB Corp?
So we did! That’s right, Small Axe Peppers is proud to announce that we are officially B Corp Certified! Which means we are officially apart of a community of leaders, driving a global movement of people using business as a force for good.
Is Starbucks AB corporation?
It would need to meet the standards required by the non-profit company B Lab, which officially hands out the B Corp designations. But Starbucks would not be the first publicly traded firm in this growing movement. … And some big public companies have subsidiaries which are B Corps.
What does B Corp certification focus on?
B Corp entrepreneurs are committed to a vision of business as a force for good. They believe that the purpose of a company is to create inclusive, environmentally-sustainable prosperity. They also believe in making money while doing good. This means that non-profits aren’t eligible.
What is B Corp example?
Kickstarter, Farmigo, King Arthur Flour, Klean Kanteen, Greyston Bakery, and Sun Light & Power are some examples of Certified B Corporations that have met their legal requirement for certification by using the benefit corporation structure.
Why do companies obtain the B Corporation certification?
As one of the main reasons for businesses to become B Corporations is to address social issues related with work conditions (e.g. poor treatments to employees) and organizational structure of current workplace (e.g. profit-oriented reward system) in large corporations, we expect that locality characteristics, such as …