The B Corp community reflects the world's business landscape, ranging from sole proprietors to publicly-traded companies. Have you ever thought about including a little bit more than just your articles? It raised $430m through Nasdaq and a further $380m from private equity firms such as KKR. sg0.parentNode.insertBefore(sg1,sg0); 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.” 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. A Certified B Corp is a for-profit corporation that has been certified by B Lab, which is a non-profit company that measures a company’s social and environmental performance against the standards in the online B Impact Assessment. //-->, For the latest news and events about the community of Certified B Corporations, © Copyright 2020 B Lab. We would not expect such a transition to happen quickly but it would be a journey we would welcome any company to go on. “The question is how companies behave like B Corps, not whether they become B Corps.” Gilbert concedes there’s a “high danger” that corporate engagement will dilute the B Corp brand. Benefit Corporation is a legal form. //document.querySelector('a[title="Popup Maker"]').remove(); This code commits B Corps to creating a positive impact for people and planet whilst generating profits. FAQ Categories: About B Corps. They’re all B Corps – a global accreditation that helps tell good companies from bad. let first_name = document.querySelectorAll('#sg-popup-container input')[1].value; If you doubt that one company—yours—can make a difference in the world yet still make a profit, consider this: according to the comprehensive study entitled Sustainability Pays: Studies That Prove the Business Case for Sustainability, “businesses can improve short-and long-term profitability through the adoption of sustainable practices […].". Follow the community of Certified B Corporations. }}; First of all, let’s define B Corps. This allows for a broad range of businesses from over 150 industries to be part of the B Corp movement. This economy is comprised of a new type of corporation - the B Corporation - In this article, we will cover: Samantha Nielsen, 2020 Student Entrepreneur Scholarship Winner, Best States for Business, Ranked by Lawyers, Keep Your Communications Contact Details Current, Delaware State File Number: What It Is & How It's Used, New York’s Biennial Fees for Corporations and LLCs, Harvard Business Services Partners with BlueVine, In a Difficult Year, Harvard Business Services Reaches New Milestone, Letter from the President of Harvard Business Services, Sustainability Pays: Studies That Prove the Business Case for Sustainability, Directors are mandated to consider the company’s impact on all shareholders. Any business can become a B Corp as long as it meets the criteria. Use our B Corp Directory to search by keyword, location, or industry. You must have JavaScript enabled to use this form. “B Corp is to business what USDA Organic certification is to milk.”. We envision a global economy that uses business as a force for good. Disclaimer: Harvard Business Services, Inc. is a document filing service that provides general information. 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. document.addEventListener("DOMContentLoaded", function(){ Check out the 2019 Best for the World honorees! Society’s most challenging problems cannot be solved by government and non-profits alone. This $3 billion publicly-traded multinational cosmetics company employs more than 2 million people while producing carbon-neutral products and advocating for the Amazon. 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). 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