1 minute read

B Corp Submission

Making Our Business a Force for Good

B Corp Certification is a designation that a business is meeting high standards of verified performance, accountability, and transparency. These are on factors such as employee benefits and charitable giving to supply chain practices and input materials. In order to achieve certification, a company must:

• Demonstrate high social and environmental performance by achieving a B Impact Assessment score of 80 or above and passing our risk review.

• Make a legal commitment by changing their corporate governance structure to be accountable to all stakeholders, not just shareholders.

• Exhibit transparency by allowing information about their performance measured against B Lab’s standards and to be publicly available on their B Corp profile on B Lab’s website.

Over the last year, we have been working on our submission to B Lab with our B Corp consultant, Seismic. We recently submitted our assessment to B Lab for verification in Q1 2024. Recognising the queue of companies awaiting assessment, we hope to be accredited by Q3 2024.

This article is from: