Government can support the movement of B Corps by matching the facts about the working poor, the inequitable distribution of proceeds gained from business, with the opportunity to support a wider base of businesses that operate in everyone’s interests, not just the few that might be shareholders or directors. Those are good ideas--thanks for reading our blog! The two platforms were created with different intentions, audiences and benefit opportunities in mind. Among the biggest and best known are Patagonia, Danone North America, Laureate Education, Natura (parent of The Body Shop), Kickstarter, and Ben & Jerry’s (a subsidiary of Unilever). As B Corporations and leaders of this emerging economy, we believe: B Corp Certification doesn’t just evaluate a product or service; it assesses the overall positive impact of the company that stands behind it. How many Certified B Corps are there around the world? Businesses certified as B Corps grew 28 times faster than UK GDP in the past 12 months, according to new research from the non-profit organisation. ]]>, For the latest news and events about the community of Certified B Corporations, © Copyright 2020 B Lab. let last_name = document.querySelectorAll('#sg-popup-container input')[2].value; Active corps. Can being a B Corp help you scale? As of October 2020, there are four active Army corps.,document,'script','','9d7d2858'); function updateform() { You can search for open positions at B Corporations using B Work, the world's largest impact jobs board. For more on a future scenario where Exxon is a B Corp – check out this Forbes article from Paul Klein. Since the Impact Assessment measures current and previous business performance rather than planned intentions, start-ups tend to utilize it only as a learning tool—since they haven’t yet existed long enough to measure their impact, start-ups can instead weave the appropriate practices into their companies for future success. B Corps form a community of leaders and drive a global movement of people using business as a force for good. B Corp Certification is administered by Standards Analysts at the non-profit B Lab. Although some of these conditions overlap with Benefit Corporations, Certified B Corporations and Benefit Corporations are not the same thing). At the time of writing there are 2,778 B Corp organisations worldwide, in 60 countries. Publicly-traded companies have also achieved B Corp Certification, such as Natura. B Lab’s goal is to build “a global community of Certified B Corporations who meet that highest standards of verified, overall social and environmental performance, public transparency and legal accountability.”. B Corps are for–profit businesses which commit to create a material positive impact on society and the environment through their operations. There are currently more than 2,000 B Corporations in more than 130 different industries. To do so requires that we act with the understanding that we are each dependent upon another and thus responsible for each other and future generations. Disclaimer: Harvard Business Services, Inc. is a document filing service that provides general information. They may certify as a B Corp by earning points on the B Impact Assessment either / both by directly addressing a social or environmental need as their core revenue stream; (i.e. through what they do - such as providing a service which tackles a particular social or environmental need e.g. By harnessing the power of business, B Corps use profits and growth as a means to a greater end: positive impact for their employees, communities, and the environment. Today, there is a growing community of more than 2,300 Certified B Corps from 50 countries and over 130 industries working together toward one unifying goal: to … In just three short years, 19 states and the District of Columbia have enacted legislation to recognize the B-Corp. As B Corporations and leaders of this emerging economy, we believe: *Disclaimer*: Harvard Business Services, Inc. is neither a law firm nor an accounting firm and, even in cases where the author is an attorney, or a tax professional, nothing in this article constitutes legal or tax advice. document.addEventListener("DOMContentLoaded", function(){ NPR, The New York Times, Entrepreneur Magazine, Fortune, the Atlantic Monthly and many How B Corps are changing the world | Opinion | You are the owner of this article. Certified B Corporations are social enterprises verified by B Lab, a nonprofit organization. Could being a B Corp benefit your community bank? We cannot render legal or financial advice and your use of this site is subject to additional terms and conditions. B Corps are accelerating a global culture shift to redefine success in business and build a more inclusive and sustainable economy. Nonprofits, large multinationals, governmental organizations and companies of all sectors and sizes can join the B Economy by using B Lab's impact management and stakeholder governance tools. B Corps are for-profit companies certified by the nonprofit B Lab to meet rigorous standards of social and environmental performance, accountability, and transparency. If an article cites or provides a link to third-party sources or websites, Harvard Business Services, Inc. is not responsible for and makes no representations regarding such source’s content or accuracy. Any business can become a B Corp as long as it meets the criteria. Certified B Corporations – or B Corps – are companies that seek to redefine business to make a positive contribution to the world. Some companies are both Certified B Corporations and benefit corporations, and the benefit corporation structure fulfills the legal accountability requirement of B Corp Certification. Compared to the 20-odd years it took LLC legislation to catch on, the B-Corp is absolutely blazing through the states. Newsletter Sign Up. There are currently over 2,500 Certified B Corporations in more than 50 countries. The combination of third-party validation, public transparency, and legal accountability help Certified B Corps build trust and value. That we must be the change we seek in the world. However think of if you added some great visuals or video clips to give }}; There are now 1550 B Corporations in 42 countries, and the movement is growing fast. Here’s the difference: Certified B Corps earn a certification by scoring a minimum of 80 points on the B Impact Assessment. "There’s a lot of negative feelings about capitalism right now,” says Kris Lin-Bronner who is the Strategic Advisor of Dr. Bronner’s. } There are now as many as 188 B Corps in the UK – 166 of which are fully certified, with 22 Pending B Corp businesses. When Do You Need a Business License for Your Company? Certified B Corporations achieve a minimum verified score on the B Impact Assessment—a rigorous assessment of a company’s impact on its workers, customers, community, and environment—and make their B Impact Report transparent on And increasingly that’s what people care most about. 1 Regiment Royal Horse Artillery 1 Regiment Royal Horse Artillery (1RHA) is an armoured artillery regiment. B Corps are attempting to take social and environmental impact into consideration when making decisions for their business. Its primary role is to provide combat support to heavy armour formations. During World War I and World War II, due to the large scale of combat, multiple corps were combined into armies which then formed into army groups. The Impact Assessment “comprehensively covers the impact of a businesses on all of its stakeholders, including its workers, suppliers, community and the environment. This code commits B Corps to creating a positive impact for people and planet whilst generating profits. var checkExist = setInterval(function() { document.querySelector('#bcorp-mailing-list-uk-form').submit(); COOK). Big Issue); and / or by how they do business (such as how they support their staff, their community and whether and how they measure and seek to reduce their environmental footprint etc in their operations, e.g. B Corps are organizations that successfully complete the B Lab assessment and certification. This is a community of leaders, driving of a global movement of people using businesses as a force for good. This allows for a broad range of businesses from over 150 industries to be part of the B Corp movement. I mean, what you say is important and everything. 1 Regiment Royal Logistic Corps sustains the British Army’s STRIKE Brigade; shaping the future of logistics in order to fight and support in novel ways, using the latest equipment. Our Theory of Change is that any company that is committed to creating social and environmental impact, whatever their previous activities, can consider certification. B Lab: Fast facts. From the web site: " Why B Corps Matter Our vision is simple yet ambitious: to create a new sector of the economy which uses the power of business to solve social and environmental problems. Within the B Impact Assessment, you can also access improvement tools, best practices guides and case studies as well as create a customized plan for your company’s improvement. Danone’s Chief Executive Officer, Emmanuel Faber, has publicly committed to a longer term goal of certifying Danone’s global operations as a B Corp; in the meantime, a number of Danone’s subsidiaries have already certified as B Corps, and many others are going through the process of measuring their environmental and social impact with a view to certification as well. First of all, let’s define B Corps. //document.querySelector('a[title="Popup Maker"]').remove(); Certified B Corps are a new kind of business that balances purpose and profit. Use our B Corp Directory to search by keyword, location, or industry. Benefit corporations are legally empowered to pursue positive stakeholder impact alongside profit. We also see an interest in comparatively smaller, newer B Corps, (such as Pukka Herbs and People against Dirty), being purchased by larger more traditional companies (such as Unilever and SC Johnson respectively). this website could certainly be one of the greatest in its niche. Probably! The values and aspirations of the B Corp community are embedded in the B Corp Declaration of Interdependence. Are they the same thing? SGPMPopupLoader.ids.push(id); B Lab certifies companies based on how they create value for non-shareholding stakeholders, such as their employees, the local community, and the environment. 30 minutes can give you a snapshot of your company’s impact, which includes a basic summary of which things your company excels at and which it could improve upon. I Corps; III Corps; V Corps; XVIII Airborne Corps; Former corps of the World War/Cold War/Gulf War eras. Many organizations are both SEA members and certified B Corps. The standards for B Corp Certification are overseen by B Lab's independent Standards Advisory Council. However, there is a very good reason for that speed - taxes. As of today, there are over 2,000 Certified B Corps. Yes! The B Corp community works toward reduced inequality, lower levels of poverty, a healthier environment, stronger communities, and the creation of more high quality jobs with dignity and purpose. All rights reserved. if (document.querySelector('.sgpm-subscribe-button')) { Certified B Corporations must publish and make public a report of their social and environmental performance; this report is assessed by a neutral, third-party standard. [CDATA[// > Probably! A leader in economic systems change, our global network creates standards, policies, and tools for business, and we certify companies—known as B Corps—who are leading the way. if(SGPMPopupLoader && SGPMPopupLoader.ids && SGPMPopupLoader.ids.length > 0){SGPMPopupLoader.ids.push(id); return;} Certified B Corporations are businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. All rights reserved. It raised $430m through Nasdaq and a further $380m from private equity firms such as KKR. They also create training and employment opportunities for people who might not otherwise have the chance. sg1.onload = function(){SGPMPopup.openSGPMPopup();}; sg1.async=true; sg1.src=l; document.querySelector('#uk_pardot_last_name').value = last_name; document.querySelector(".sgpm-subscribe-button").addEventListener("click", function(event) { You must have JavaScript enabled to use this form. w['sgp']=w['sgp']||function(){(w['sgp'].q=w['sgp'].q||[]).push(arguments[0]);}; These are spread out in over 50 countries around the world. Check out the 2019 Best for the World honorees! //-->