Companies also must meet certain transparency requirements to become Certified B Corps, as laid out in the B Corp Agreement. The time it takes to complete the assessment will vary based on your company's size and complexity. New York City, New York. “As America’s largest B Corp Bank, we are on a mission to support those who support others, to invest in progressive and impactful causes, to seek true financial opportunity for all and ultimately, do the most good for the most people.” Amalgamated Bank. This is a time for the company and a B Lab Standards Analyst to review questions or answers that may have been unclear and adjust the self-assessment to ensure that it captures the company's unique circumstances and impact as accurately as possible. B Corp n'est pas seulement une évaluation, ou une étiquette, c'est une communauté vivante d'entrepreneurs qui veulent inventer quelque chose de nouveau." Can I see the list of documentation we will need to prepare for B Corp Certification? Small companies have, too, including Andy Smith Photography in Devon, Penn. It was originally derived from “benefit corporation”, a type of US corporate structure, but B Corp means many things to many people. How should we … B Corps meet rigorous and transparent standards around social and environmental responsibility that support the triple bottom line. This article explains the Review Process, which typically applies to all small and medium businesses, and may also apply to larger companies depending on their structure. B Lab Switzerland is a non-profit organisation based in Geneva, that believes business can be used as a force for good. Benefit corporations are legally empowered to pursue positive stakeholder impact alongside profit. ... you will only need to produce any documentation if your company chooses to apply for B Corp Certification. Takes ~2-3 hrs to complete the Full Assessment. Pending B Corp status is available only to companies with less than 12 months of operations. They are legally required to consider the impact of their decisions on their … 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. Who is B Lab? Return later after researching more in depth questions. The BIA helps companies identify sustainable and purposeful practices they have neglected, which they may not realize until the assessment process. The Site Review will take place either in-person or virtually and typically takes between 6-10 hours depending on the size and scope of business. Assess how your company is better for your workers, community, customers, and the environment. As an added bonus, B Corps are highly successful. Typically an additional one to six responses will be selected for documentation. You must have JavaScript enabled to use this form. The comparison isn’t apples to apples. From your supply chain and input materials to your charitable giving and employee benefits, B Corp Certification proves your business is … Background checks include a review of public records, news sources, and search engines for company names, brands, executives/founders, and other relevant topics. 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. Assess how your company is better for your workers, community, customers, and the environment. A&B Process Systems is an industry leader in the design, fabrication, automation and installation of stainless steel process systems used in a variety of industries. In order to graduate from a Pending B Corp to a Certified B Corporation, a company must have a verified score of at least 80 on the assessment within 12 months after achieving Pending status. B Corp Basics. Score Verification, Documentation & Assessment Review, Schedule an Assessment Review and Submit Initial Documentation, Learn more about requirements for subsidiaries. The B Impact Assessment evaluates how your company’s operations and business model impact your workers, community, environment, and customers. Which year of data should I use to complete the Assessment? See Sample Questions. All rights reserved. At this time, B Lab also reserves the right to ask for clarifying documents based on the initial review. The B Impact Assessment The most credible tool a company can use to measure its impact on its workers, community, environment, and customers. Who is B Lab? B Corp Certification is the only certification that measures a company’s entire social and environmental performance. A Certified B Corporation is a for-profit business dedicated to social and environmental issues. If the company's score is 80 points or above after the verification process, then the performance requirement has been fulfilled. A B Corp, otherwise known as a Certified B Corporation, is a business that has met certain high standards established by the non-profit B Lab, which provides the B Corp certification. Due to record high demand, there is currently a 1-6 month wait to proceed with the verification process. 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. Finally, we run regional engagement programs to onboard new businesses in our movement. However, the actual process of becoming a certified B Corp is long and arduous. Auditing for B Corp businesses. Join 5 0, 0 0 0 + businesses using this free, confidential tool See how people are building better businesses* *You don't have to be the CEO to use this tool Rob Michalak. The Disclosure Questionnaire is the final series of questions your company will answer in the B Impact Assessment. Visit B Cop™ website They make decisions that make a positive impact across their workers, customers, suppliers, community, and the environment. A B Lab Standards Analyst will reach out to confirm your submission and some details about your business. Certified B Companies are a new kind of business that balances purpose and profit. How should we approach the Assessment? After completing the Review process with our team, finalize your certification by meeting the accountability and transparency requirements. Note: This Verification Process described below will typically apply to all companies that earn under $100M in annual revenue, and may also apply to larger companies depending on their structure. After completing the B Impact Assessment, companies undergo a multi-step verification process to determine if they meet the 80-point bar for Certification. The list of documentation requested depends on your specific answers to the B Impact Assessment and is generated after your company completes an Assessment Review with B … What types of organizations should take the Assessment? The Verification Process. Get Started on the SDG Action Manager. If I use the Assessment, does our company have to become a B Corp? 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. About 1,700 companies have gone through the process so far, including big companies like Etsy, Ben & Jerry’s and Patagonia. Per essere riconosciuti come B Corp si deve completare il protocollo di analisi B Impact Assessment e ottenere un punteggio che non può scendere sotto 80 punti su una scala 0-200. In order to become B Corporation certified, companies must go through a rigorous process of filling out what’s called the B Impact Assessment: a series of questions that provide insight into the company’s practices. 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. Finally, we run regional engagement programs to onboard new businesses in our movement. What types of organizations should take the Assessment? Certified B Corporations are legally required to consider the impact of their decisions on all their stakeholders as part of the terms of their Certification. This process typically takes several months after the assessment has been submitted. Ce sont des entreprises à but lucratif (for profit) qui souhaitent progresser et démontrer leur impact positif (for purpose) en étant évaluées sur leur performance globale tous les 3 ans. The B Corp legal framework helps companies protect mission through capital raises and leadership changes and gives entrepreneurs and directors more flexibility when evaluating potential sale and liquidity options. From there, you may* schedule a time to review the B Impact Assessment over the phone. B Corp certification is a tougher but more rewarding process. Limits these expanded rights to shareholders exclusively. This call typically results in score adjustments. The benefit corporation is a legal structure for a business, which exists in 34 states across USA, Italy and Colombia. Some companies are both Certified B Corporations and benefit corporations, and the benefit corporation … Certified B Corps that are wholly-owned subsidiaries or public companies are subject to a mandatory on-site Site Review during each three-year certification term. 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. We achieved 58% of the total possible score, and we work hard to be a responsible company. How should we approach the Assessment ? 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. Gives legal protection to directors and officers to consider the interests of all stakeholders, not just shareholders, when making decisions; Creates additional rights for shareholders to hold directors and officers accountable to consider these interests; and. The Pros of a B Corp… 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. To qualify for certification, companies must score a minimum of 80 points out of a possible 200. The questions on your company’s B Impact Assessment are determined by company size, sector, and market, with around 200 questions total. It engages the entire workforce, gets them focused on what they do well and shows where you can improve,” says Heim. We spoke to Kate Sandle, Community Manager for B Corp UK, whose favourite interpretation of B Corp comes from Ghandi – “Be the change you wish to see in the world”. LEARN MORE ABOUT B CORPS What happens when I hit Submit for Review? 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. Companies under one year are eligible for Pending B Corp Status. The Assessment is a free public good provided by B Lab. The three pillars of B Corp Certification make it unique, material, and credible. B Corps are organizations that successfully complete the B Lab assessment and certification. The questions on your company’s B Impact Assessment are determined by company size, sector, and market, with around 200 questions total. Une fois l'évaluation d'impact social et environnemental réalisée, elle la soumet pour vérification à B Lab. Certifying as a B Corporation goes beyond product- or service-level certification. More information can be found here.To learn more about the benefits of becoming a B Corp, visit this page.. To join SEA, visit our membership page to learn more about membership categories and benefits. Your responses to the B Impact Assessment determine your total numeric score. What is an Assessment Review? We did well in some areas and have room for improvement in others. 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. To become certified as a B Corp, companies must complete an assessment of their impact in five categories: environment, workers, customers, community and governance. Before the Review process your company’s assessment score reflects a self-reported and unverified score. If required, an Assessment Review call typically takes 60 to 90 minutes. You can find the pricing schedule for the annual fee on the Certification homepage. Return later after researching more in depth questions. 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. A simple look at which questions your company already excels at and which practices it could improve on. 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 questions on your company’s B Impact Assessment are determined by company size, sector, and market, with around 200 questions total. Create an improvement plan with free best practice guides and your custom Improvement Report. Our company is a holding company that has multiple subsidiaries or franchisees. The content of the B Impact Assessment is overseen by B Lab’s independent Standards Advisory Council. Certifying as a B Corporation goes beyond product- or service-level certification. Measure what matters most: your social and environmental impact Le changement. Site Reviews take place virtually or on-site at the discretion of B Lab. B Corp Certification is the only certification that measures a company’s entire social and environmental performance. Which year of data should I use to complete the Assessment? B Lab’s Standards Analyst Team will provide more details about this process as applicable. The time it takes to complete the assessment will vary based on your company's size and complexity. 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. Your company’s B Corp Recertification is not complete until the Standards Review Team has all of the information and documentation requested throughout the process. 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. The initial step is to complete an on-line assessment (B Impact Assessment). Tip: Set aside ~1 hr and estimate your answers for a first pass. Note: Need help making a plan to meet these requirements? Get prepared. Benefit corporations and Certified B Corporations are often confused. There’s a good reason for that – the B Corp community wants to redefine success in business and build a more inclusive and sustainable economy. VIEW SAMPLE QUESTIONNAIRE VIEW COMPLAINTS PROCESS. Measure what matters most: your social and environmental impact Responses to the Disclosure Questionnaire do not affect a company’s numerical score on the B Impact Assessment. Chooses to apply for B Corp Agreement balances purpose and profit we did well in areas! 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