Are you familiar with the term B Corp?
B Corp, also known as Benefit Corporation, is a certification that a business can earn by meeting
certain social and environmental standards. B Corp status means that a business is committed to
using its resources to make a positive impact on society, the community, and the environment.
Achieving B Corp status is not an easy task and requires a significant amount of effort, time, and
resources. However, the benefits of being a B Corp are worth the investment.
The following is just a flavour of what is involved;
Assess your current operations: To become a B Corp, a business must demonstrate a commitment to
meeting certain social and environmental standards. The first step is to assess your current
operations and identify areas where you can improve. This may include reducing waste, using
sustainable materials, or investing in renewable energy.
Meet the B Corp standards: The B Corp standards cover a wide range of issues, including
governance, employees, community, customers, and the environment. To become a B Corp, a
business must meet a minimum score on the B Impact Assessment, which is a comprehensive
assessment of a company's impact on society and the environment.
Make changes to your business: Once you have identified areas where you can improve, it's time to make changes to your business. This may include implementing new policies, investing in sustainable materials, or changing your supply chain.
Get certified: To become a certified B Corp, a business must meet the B Corp standards and undergo a verification process. This involves providing evidence of your business practices and undergoing an assessment by a third-party organization.
Maintain your certification: Once you have achieved B Corp status, you must maintain your
certification by continuing to meet the B Corp standards. This involves regular assessments and
ongoing improvements to your business practices.
The benefits of becoming a B Corp are numerous. B Corps are recognized as leaders in the
movement towards corporate social responsibility and sustainability. They are also eligible for a
range of benefits, including access to funding, networking opportunities, and marketing support.
In conclusion, becoming a B Corp is a significant achievement that requires a commitment to social
and environmental responsibility.