So the process must be rigorous, not a badging exercise for any business that simply wants to look good. A Snapshot Report 1. What is an Assessment Review? What is a B Corp? Can I see the list of documentation we will need to prepare for B Corp Certification? Public companies and wholly-owned subsidiaries are subject to additional transparency requirements. They are legally required to consider the impact of their decisions on their workers, customers, suppliers, community, and the environment. B Impact Report The assessment is painstaking, as Prosenjak and others attest. The B Corp Certification is a third-party certification administered by the non-profit B Lab, based in part on a company's verified performance on the B Impact Assessment. If the company's score is 80 points or above after the verification process, then the performance requirement has been fulfilled. Auditing for B Corp businesses. This process typically takes several months after the assessment has been submitted. See Sample Questions. What happens when I hit Submit for Review? Meeting the B Corp Requirements. Takes ~2-3 hrs to complete the Full Assessment. Measure what matters most: your social and environmental impact The B Corp Certification is a third-party certification administered by the non-profit B Lab, based in part on a company's verified performance on the B Impact Assessment. Select a question to jump to the answer . Visit B Cop™ website Certifying as a B Corporation goes beyond product- or service-level certification. This process ensures that companies who become Certified B Corporations continue to engage in a high level of impact with their stakeholders, even as the business grows or changes. The initial step is to complete an on-line assessment (B Impact Assessment). B Corps need a minimum of 80 out of 200 points to get certified. For Bridges Fund Management, a London-based fund manager founded in 2002 and a B Corp since 2015, the B Impact Assessment (BIA) also is part of its evaluation process for potential investments. B Lab Switzerland is a non-profit organisation based in Geneva, that believes business can be used as a force for good. The companies that undergo Site Review each year include Certified B Corps who are randomly selected and those that are required to undergo an annual Site Review as part of expanded terms of Certification. In Australia & New Zealand businesses need to be operational for 12-months before being B Corp certified. Get Started. If you go on to get certified as a B Corp, there is a chance your small business will get audited by B Corp, which says it checks up on about 10% of its certified companies each year. 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. B Corps are for-profit businesses throughout the globe that have earned B Corp certification. Finally, we run regional engagement programs to onboard new businesses in our movement. You must have JavaScript enabled to use this form. You can find the pricing schedule for the annual fee on the Certification homepage. In order to certify, companies must also sign their B Corp Agreement, which commits them to meeting the legal requirement if they have not done so prior to certification. The wait time between assessment submission and the assessment review varies depending on volume, as well as how much  time you need to present supporting documentation to validate select assessment responses. This component of the B Corp Certification is critical in maintaining the credibility of the Certified B Corp seal. If I use the Assessment, does our company have to become a B Corp? Who is B Lab? Some back-and-forth is common following the review call and on average an additional one to three weeks may be required to resolve any outstanding questions about documentation. In acknowledgement of the fact that changing corporate structure or articles takes time, B Lab allows a grace period for mid-to-large sized companies with 10+ employees to complete the legal requirement after certification is complete, the length of which varies depending on structure and location. 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. Companies are required to provide supporting documentation before they are certified. After the review, a company completes a documentation review focused on their business model. Due to high volume of interest (a good problem to have), response times and scheduling of review calls may take longer than expected. B Lab, a third-party non-profit certifies it. From your supply chain and input materials to your charitable giving and employee benefits, B Corp Certification proves your business is … Responses to the Disclosure Questionnaire do not affect a company’s numerical score on the B Impact Assessment. Tip: Set aside ~1 hr and estimate your answers for a first pass. Return later after researching more in depth questions. The B Impact Assessment evaluates how your company’s operations and business model impact your workers, community, environment, and customers. There are a few additional steps, beyond using the B Impact Assessment, that a company must take to achieve B Corp Certification. The standardized components within the BIA and the interactive assessment process with B Lab provide a holistic and systemic model for sustainable business. Acceptance into and continued participation in the B Corp community is at the sole discretion of the Standards Advisory Council and B Lab's Board of Directors. We’ve also learned that B Lab’s assessment is tough! B Corps are organizations that successfully complete the B Lab assessment and certification. In order to maintain B Corporation certification, a company must update their assessment every three years, provide additional documentation to verify their answers, and achieve at least 80 out of 200 available points. Le changement. What types of organizations should take the Assessment? The time it takes to complete the assessment will vary based on your company's size and complexity. The B Corp standards involve a corporation’s verified social and environmental performance, its impact on its workers and customers, its public transparency. In order to become a B Corp, your organization has to get score of at least 80 out of 200 on the stringent Impact Assessment. Simply taking the Assessment does not automatically make a company a B Corp nor does it obligate the company to pursue B Corp Certification. B Corp Certification requires a minimum verified total score of 80 across all impact areas. B Lab’s Standards Analyst Team will provide more details about this process as applicable. The BIA assesses the impact of both your company’s day-to-day operations and your business model—both what you do and how you do it. To learn the legal requirement and B Corp Agreement for your company’s particular structure and location, use our Legal Requirement Tool. The B Impact Assessment evaluates how your company’s operations and business model impact your workers, community, environment, and customers. Simply taking the Assessment does not automatically make a company a B Corp nor does it obligate the company to pursue B Corp Certification. Which year of data should I use to complete the Assessment? The B Impact Assessment is updated every three years; recertification gives companies the opportunity to set improvement goals against the most-up-to-date standards and benchmark their performance over time. These companies are just as … ©Copyright 2020 B Lab. Through B Lab’s assessment process, we’ve learned a lot about how to improve as a business. A more holistic look at how your company scores overall and across multiple questions related to the same impact topic. Finally, we run regional engagement programs to onboard new businesses in our movement. There are a few additional steps, beyond using the B Impact Assessment, that a company must take to achieve B Corp 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. Today, there are over 1,800 certified B Corps across the world. We did well in some areas and have room for improvement in others. The benefit corporation is a legal structure for a business, which exists in 34 states across USA, Italy and Colombia. To fulfill the performance requirement for B Corp Certification, a company must complete the B Impact Assessment. A poorly-managed company won’t pass. Before the Review process your company’s assessment score reflects a self-reported and unverified score. *You don't have to be the CEO to use this tool, “The B Impact Assessment added a new twist to our initiatives - it helped us understand where we are in comparison to other companies.”, “Pasar por este proceso contribuyó a que nuestros consumidores y otros compradores mayoristas a confian aún más en las prácticas de nuestra compañía.”, “The experience of taking the Assessment really dug deep into what our company does and how effective it can be.”, And what you need to know if you're pursuing B Corp Certification. The Pros of a B Corp… The Assessment is a free public good provided by B Lab. 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