A B Corporation, also called a B Corp, Benefit Corp, or B Corp Certification, is a third-party designation for a socially responsible business that assures the public it has passed rigorous standards of environmental and social performance, as well as a commitment to fostering open communication and transparency. The Certifications are issued to for-profit companies by B Lab, a U.S. based non-profit.
Currently, there are over 1,000 Certified B Corps covering more than 60 industries. Becoming a B Corporation can be beneficial to your bottom line when considering business entrepreneurship. Here are some things to know about achieving B Corp Certification for your company.
Provisions of B Corporations
Making sure you are in legal compliance is one of the first steps to starting a business. B Corps have provisions attached to certification such as establishing a public cause, transparency, and proof of continuing benefit to society and the environment. Continue reading ›