They are legally required to consider the impact of their decisions on their workers, customers, suppliers, community, and the environment. The B Impact Assessment (BIA) is a tool to assess a company’s overall social and environmental performance. Go here and take the assessment (BIA). See where you stand to meet the 80 point bar for B Corp certification and benchmark your results against 40,000 other businesses. Get started on your B Corp assessment. Fetzer scored an 80. How to Raise Your B Corp Assessment Score. This is a community of leaders, driving of a global movement of people using businesses as a force for good. You will receive two types of feedback: A. It isn’t meant to be easy – this isn’t a 10-question checklist that you complete quickly. The B stands for benefit and the B Corp certificate is awarded to a business that can prove it has a triple bottom-line, one that counts its impact on people and the planet, as well as its profits. B Lab, a third-party non-profit certifies it. Ben & Jerry's. Today, there is a growing community of more than 1,700 Certified B Corps from 42 countries and over 130 industries working together toward 1 unifying goal: to redefine success in business. My name is Becky from Harvey. Yes Expect to take 60-90 minutes to take a first pass, but since it’s an online checklist, you can work on it, save it, and then return to it later to complete it. The Impact Assessment is a great tool to use to assess your company’s sustainability practices. Via an extensive B Corp assessment, a company must demonstrate that it meets strict social criteria in areas such as governance, employees, customers and the environment. Learn more about B Corporations and view Ben & Jerry’s Impact Assessment. The BIA company size determination is based on the number of workers in full-time equivalents (FTEs) to categorize a company as having 0, 1-9, 10-49, 50-249, 250-999. B Corp certification is available to companies with at least six months of revenue. The BIA is broken up into five different sections: Governance, Workers, Community, Environment, and Customers. The full B Corp assessment, which takes two to four hours to complete Both assessments are free to complete and the information remains completely confidential. • Certified B Corporations have been certified as having met a high standard of overall social and environmental performance, and as a result have access to a portfolio of services and support from B Lab that benefit corporations do not. Using the B Corp Assessment The Impact Assessment is a great tool to use to assess your company’s sustainability practices. To date, our community includes over 3,500 B Corps in 70 countries and 150 industries, over 8,000 benefit corporations, and more than 100,000 companies manage their impact with the B Impact Assessment and the SDG Action Manager. The image below shows the format for each question. You will receive two types of feedback: A. Learn more here. B Corps are for-profit businesses throughout the globe that have earned B Corp certification. The B Impact Assessment is one of the third party standards that meets the statutory requirements for a benefit report. Certified B Corporations (B Corps or B Corporations for short) are leaders of a global movement of people using business as a force for good.B Corps are for-profit businesses throughout the globe that have earned B Corp certification. Quick disclaimer: there is more to becoming B certified than simply scoring a minimum of 80/200 on the assessment. Did you find it helpful? But earning the right to add the B Corp seal to your business is not like slapping a … Certified B Corporations (B Corps or B Corporations for short) are leaders of a global movement of people using business as a force for good. Start-ups can be eligible for the B-pending status during the first 12 months of operations in order to get certified as a B-Corporation after one year in the countries where a legal status for B-Corporations exists. You can start wherever you are and be a great B Corp consultant,†says Honeyman. LEARN MORE ABOUT B CORPS In fact, there’s even an alert at the beginning of the assessment that prepares you for what you can expect as you go. To obtain B Corp certification, a company must complete a B Impact Assessment (BIA) and earn an audited minimum score of 80 out of 200 possible points and recertify - with the aim to continuously improve - every three years. In general, the B Impact Assessment provides a judgment (via an objective, comprehensive rating) on how significant a company’s current impact is.The B Impact Assessment is commonly confused with reporting systems or definition frameworks that detail how a company should go about collecting that impact data, but not It’s a great tool designed to help you continue to make improvements to your practices. This first step is a simple one. Snapshot Report. Work on your assessment in between the sessions, and get your questions answered by experts. Visit B Cop™ website B Corporation (also B Lab or B Corp) certification of "social and environmental performance" is a private certification of for-profit companies, distinct from the legal designation as a Benefit corporation. We put together a blog on the steps we took and shared some tips and templates we used to get through the assessment to help those starting out. Completing the Impact Assessment is also the first step in certifying as a B Corp, which I encourage you to consider. 3,499. From raising capital to attracting new clients and employees, this gold standard of Corporate Social Responsibility accreditations offers a … Five weeks ago, three Future Space businesses joined the B Corp Business Impact Assessment (BIA) cohort with Andy Hawkins. Certified B Corps are a new kind of business that balances purpose and profit. 150. The Certification is supported by Unilever, and is fully aligned with their own ambitious sustainability agenda. Certified B Corps are a new kind of business that balances purpose and profit. B Corps are certified by the nonprofit B Lab to meet rigorous standards of social and environmental performance, accountability, and transparency. Get Started. Help us improve this article with your feedback. Certified B Corps earn a certification by scoring a minimum of 80 points on the B Impact Assessment. The B Impact Assessment (BIA) is one of the most rigorous tools available to measure your company’s impact. To certify your business as a B Corp, your company needs to be in operation for one year (if you’ve been in business for less than a year, check out the B corp guide for startups). Companies. But whoah - it was a process. You’ll also be joining a growing, international movement for sustainability in business. B Corps are certified by the nonprofit B Lab to meet rigorous standards of social and environmental performance, accountability, and transparency. The B in B Corp is open to interpretation. To become B Corp certified, companies have to complete the B Impact Assessment (BIA), a comprehensive questionnaire that determines a company’s impact on their community, employees, the environment, and beyond. The BIA is divided into 5 different sections: In each section, you will be asked a series of questions about your business practices. See where you stand to meet the 80 point bar for B Corp certification and benchmark your results against 40,000 other businesses. The B in B Corp is open to interpretation. The items in the blue bar will provide you with explanations, examples, and resources for each question. It was originally derived from “benefit corporation”, a type of US corporate structure, but B Corp means many things to many people. Some of the benefits include: Begin working on your Impact Assessment. Find a B Leader. The B Impact Assessment and B Corp certification The B Impact Assessment is the most credible tool a company can use to measure its impact on its workers, community, environment and customers. Technology platforms: In addition to serving as the primary tool for B Corp Certification, we offer the B Impact Assessment as a free tool for companies to measure and improve their impact. No. Unifying Goal. The initial step is to complete an on-line assessment (B Impact Assessment). The assessment is free and confidential, you can add multiple team members, set goals and compare your answers to thousands of other businesses. Certified B Corps • Certified B Corporation is a certification conferred by the nonprofit B Lab. Taken together, the Impact Assessment and Disclosure Questionnaire comprise a holistic framework for any company that is seeking to do good through its business – which is, of course, what B Corps are doing! B Impact Assessment (BIA) Company Size Definitions. B Corp Quick Impact Assessment [22/200] Backbone.ms wants to become a B-Corporation . The B stands for benefit and the B Corp certificate is awarded to a business that can prove it has a triple bottom-line, one that counts its impact on people and the planet, as well as its profits. BC Assessment provides current actual value assessments for tax purposes on all properties in British Columbia and provides expertise in real estate data, mass appraisal systems and management. Also, becoming a Certified B Corp does not change your tax status, nor does meeting the B Corp legal requirements. B Lab delivers the B Corp Certification to companies that meet the highest standards of verified social and environmental performance, legal accountability and public transparency. This assessment must be repeated every three years. What does B Lab use the B Impact Assessment for in my Pending B Corp application? They set out on a 10-week programme to complete their BIA, the first step on the journey to becoming a B Corp certified company. Nonprofits can not pursue certification but can use the Assessment as a tool to improve their practices. Even companies that are not considering certification could learn a lot by spending the two hours to take the free assessment. MEET THE LEGAL REQUIREMENTS You’ll also have the opportunity to provide feedback if something is unclear or missing; this feedback is then used to make improvements to future versions of the assessment. In the assessment, a company must score at least 80 points on a scale from 0 to 200 to become a certified B Corp. As a Certified B Corp, your company will be committed to the highest standards of social and environmental responsibility in business. We caught up with Andy Hawkins (Chief Purpose Officer, Business On Purpose) to see how the first half of the programme has progressed. For B Corps; B Corp Directory; B Impact Assessment; SDG Action Manager; COVID-19 ; A global community of leaders. It was originally derived from “benefit corporation”, a type of US corporate structure, but B Corp means many things to many people. Public Markets In 2017, Laureate Education, a higher education company with campuses around the world, was the first benefit corporation to have an initial public offering (IPO). B Corp Certification is a mark of trust: a promise that a company is doing business in a way that meets rigorous standards of social and environmental performance, transparency and accountability. Since your business is under 12 months in operations, the B Impact Assessment is organized to capture 12 months of business operations. B Corps have been around in the US since 2007, with brands like Ben & Jerry's and Patagonia achieving certification. B Corporation status can be achieved by receiving accreditation from B Lab (a non-profit organisation). Taken together, the Impact Assessment and Disclosure Questionnaire comprise a holistic framework for any company that is seeking to do good through its business – which is, of course, what B Corps are doing! Check out "The Path To B Corp Certification" webinar and our website for more resources. You’ll then need to complete the BIA and score a minimum of 80 points out of 200. The full B Corp assessment, which takes two to four hours to complete Both assessments are free to complete and the information remains completely confidential. This assessment must be repeated every three years. This is a sample question that you will see as you begin your assessment. B Corp certification is conferred by B Lab, a global nonprofitorganization with offices in the United States, Europe, Canada, Australia, New Zealand and a partnership in Latin America with Sistema B. Join the global community of Certified B Corps . Hey all! The B Impact Assessment (BIA) is a tool to assess a company’s overall social and environmental performance. From your supply chain and input materials to your charitable giving and employee benefits, B Corp Certification proves your business is meeting the highest standards of verified performance. Consider what Rose Marcario, CEO of Patagonia, had to say about the B Impact Assessment: Although we submit to other audits of labor and environmental practices, the B Impact Assessment (a free tool that helps companies measure, compare and improve their social and environmental performance) provides us with the only comprehensive view of our standing with all our stakeholders: owners, employees, customers, local communities, suppliers’ communities and the planet.”. Benefit Corporations adopt a corporate form that is legally recognized, similar to a C Corporation or S Corporation (the key difference being, of course, the consideration of all stakeholders). This was the first billion-dollar acquisition by a B Corp—and it was a surprise to many people that a B Corp was the acquirer. B Corps are certified by the nonprofit B Lab to meet rigorous standards of social and environmental performance, accountability, and transparency. Also, becoming a Certified B Corp does not change your tax status, nor does meeting the B Corp legal requirements. The B corp guys appear to have done some heavy research to put this together. B Leaders complete an intensive 5-day training programme covering all areas of B Corp certification and the B Impact Assessment. B Corp Certification is the next chapter for socially responsible businesses. In the first installment of this series, we focused on the reasons why you should consider pursuing B Corp certification for your company. You can then choose your goal (the options are based on the answers provided for that particular question), choose a due date, and receive an email reminder. The questions on your company’s B Impact Assessment are determined by company size, sector, and market, with around 200 questions total. Certified B Corps are companies that are committed to using the power of business as a force for good. B Corporation certification (assessed by the not-for-profit B Lab) is given to for-profit organisations who achieve at least a minimum score against a set of social and environmental standards. The BIA is a comprehensive survey of your business practices that determines your impact on all stakeholders. The benefit corporation is a legal structure for a business, like an LLC or a corporation. This field is for validation purposes and should be left unchanged. Measure what matters most: your social and environmental impact A great way to get your business moving on the pathway to becoming a B Corp. Countries. Start the B Impact Assessment to continue the journey towards B Corp Certification. Have you started working on your B Impact Assessment, or are you thinking about it? assessing the b corp assessment Monday, April 10, 2017 by Corey Kohn It was recently time to re-certify as a B Corp - we were happy to do it and pleased to pass with flying colors.Just like the original assessment, the recertification took some serious time and energy, but we've been really pleased to be a B Corp these last two years and so it felt well worth it. What You Ought to Know About Certified B Corps, Top 10 Best Benefits of Green Business Certification, How A Sustainability Framework Can Improve Your Business. What is the B Impact Assessment? Establish a Baseline by Taking the B Corp Assessment. These trained professionals can offer guidance and support to companies thinking about, preparing for or going through the B Corp certification process. When you do this, you’ll be prompted to set a goal. B Corp certification is to business what Fair Trade certification is to coffee or USDA Organic certification is to milk. We recently got certified in August yay! Industries. The sections are weighted differently depending upon the type of business (service, wholesale/retail, manufacturers, and agricultural/growers), the number of employees, and whether the business is located in a developed vs. emerging economy. In the assessment, a company must score at least 80 points on a scale from 0 to 200 to become a certified B Corp. A simple look at which questions your company already excels at and which practices it could improve on B… These fees support the ongoing development and improvement of this tool alongside the B Hive, B Analytics, and our back office administration platforms. Certified B Corporations are social enterprises verified by B Lab, a nonprofit organization. Some of the benefits include: Objectively assessing your business. Benefit corporations can use the B Impact Assessment to generate a free B Impact Report for Benefit Corporations. Using the B Corp Assessment. Via an extensive B Corp assessment, a company must demonstrate that it meets strict social criteria in areas such as governance, employees, customers and the environment. Certification requires a score of at least 80 (out of 200) against 5 areas of impact: Governance, Community, Workers, Environment and Customers. Nov 05, 2014. There’s also a Disclosure Questionnaire, which asks about specific items where a company must disclose if it is involved in activities such as gambling, payday lending, or wildlife or wildlife products. Fill out some basic information about your company to get started and then complete the different sections. The blend of for-profit and mission-driven design differentiates a B Corp from both conventional for-profit companies and nonprofit organizations and helps attract clients who share the company’s values. A simple look at which questions your company already excels at and which practices it could improve on B… B Corps aspire to use the power of business to solve social and environmental problem. B Corp Certification requires a minimum verified total score of 80 across all impact areas. Learn more about the B Corp legal requirements here. The Path To B Corp Certification" webinar.  “The great part about B Corp consulting, the value that the assessment brings, is that you don’t need a long, deep history of sustainable knowledge to help businesses be better. Certification costs $500 to $25,000 annually, depending on company size; reassessment is required every two years. They must also earn a … The assessment grades your company’s accountability and transparency, its impact on employees, the community and the environment, as well as the beneficial impact of its products or services. Do you need help with completing the Impact Assessment? See how Certified B Corps* use this tool to build a better business *You don't have to be the CEO to use this tool Rob Michalak. The B Corp assessment scores applicants on a scale between 1 and 200, with a score of 80 required to receive certification. Instead, it’s a comprehensive assessment of your company’s impacts on a wide range of social and environmental areas. Certified B Companies are a new kind of business that balances purpose and profit. The Impact Assessment is a great tool to use to assess your company’s sustainability practices. 1,000+ full-time equivalent workers. B Lab delivers the B Corp Certification to companies that meet the highest standards of verified social and environmental performance, legal accountability and public transparency. The B Impact Assessment The most credible tool a company can use to measure its impact on its workers, community, environment, and customers. 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