The third-party validation that comes with B Corp Certification helps your company stand out and stand by your mission. The benefit corporation is a legal structure for a business, which exists in 34 states across USA, Italy and Colombia. "With our B Corp™ Certification, we join a highly … 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. Your company's specific legal requirement and timeline will depend on location and structure. After the review, a company completes a documentation review focused on their business model. 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. Please be sure to review the process and requirements below that best correspond to your company's size and structure. at 1432-33. All Certified B Corps share their B Impact Report publicly on their B Impact Reports on bcorporation.net. B Corp certification This on-demand online short course is designed to give you an understanding of the global B Corp movement of people using business as a force for good. Designs, develops and continually improves critical industry tools – OASIS and SCMH. Best practice guides, goal-setting features, and improvement reports allow any company to use the BIA to create a roadmap for improved performance year-over-year or quarter-by-quarter. B Corp Certification is the only certification that measures a company’s entire social and environmental performance. Register for the B Impact Assessment and start answering your questions about your company's operations and business model. 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. Their initiatives include B Corp™ Certification, administration of the B … You must have JavaScript enabled to use this form. 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. You must have JavaScript enabled to use this form. B Corp Certification doesn’t just prove where your company excels now—it commits you to consider stakeholder impact for the long term by building it into your company’s legal structure. Typically an additional one to six responses will be selected for documentation. Background checks include a review of public records, news sources, and search engines for company names, brands, executives/founders, and other relevant topics. Typically, the majority of these responses are minor in nature and therefore no further action is needed. This fee starts as low as $1000 and scales with revenue. 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. Vagabond Small Group Tours of Ireland has been certified by B Lab Europe as having met rigorous social and environmental standards that represent its commitment to goals outside of shareholder profit. The Knowledge Base hosts useful articles to guide businesses through the assessment and certification process. Site Reviews take place virtually or on-site at the discretion of B Lab. Used by over 50,000 businesses, the B Impact Assessment (BIA) is a free, online platform that evaluates how your company interacts with your workers, customers, community, and environment. Noodle will hold B Corps™ certification for three years before submitting to a renewal process. Limits these expanded rights to shareholders exclusively. Based on size and complexity of your business**. For the latest news and events about the community of Certified B Corporations, © Copyright 2021 B Lab. In general, B Lab costs associated with B Corp Certification are broken into four groups: From articulating the business case for Certification and engaging your leadership team to completing the B Impact Assessment and meeting the legal requirement, the guides below are perfect starting place for your company. The time it takes to complete the assessment will vary based on your company's size and complexity. 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. Taking the Assessment... showed us where we needed to improve to become the role model we want to be. This list can be sorted by Supplier Name, Supplier Number, Country, or Process Specifications and Process Categories. Teacher Certification Lookup. All Certified B Corps must meet a legal accountability requirement to maintain Certification. 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. Their initiatives include B Corp ™ Certification, administration of the B Impact Management programs, and advocacy for governance structures like the benefit corporation. Can sole proprietors get B Corp Certified. You can see the full pricing schedule on the Certification page. Companies with less than one year of operations, Companies that are publicly-traded or have between $100M and $4.9B USD in annual revenues, Parent companies that have over $5B USD in annual revenue, Parent companies, subsidiaries, franchises, and other affiliated entities. The direction that class-certification notice be couched in plain, easily understood language is a reminder of the need to work unremittingly at the difficult task of communicating with class members. The legal requirement can be fulfilled through a variety of structures, from LLCs and traditional corporations to benefit corporations and cooperatives. Your company size will influence the questions you have to answer on the B Impact Assessment to meet the performance requirement for Certification.