B Impact Assessment
In 2017 we decided to transition into a B Corp and Social Enterprise. We re-imagined our mission, vision and values and in 2018 we became certified. Now in 2022 we are re-certifying with a score of 127.2. Through a rigorous process B Lab tests companies in 5 sections. The sections are governance, workers, community, environment and customers. A score of 80 is needed to become certified, most companies score in the 50’s. Overall B Lab checks for over 150 different metrics that need to be backed up with documentation and evidence. Below you will find in B Lab’s definition what it takes to become a B Corp:
B Corp Certification is a designation that a business is meeting high standards of verified performance, accountability, and transparency on factors from 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. Multinational corporations must also meet baseline requirement standards.
Make a legal commitment by changing their corporate governance structure to be accountable to all stakeholders, not just shareholders, and achieve benefit corporation status if available in their jurisdiction.
Exhibit transparency by allowing information about their performance measured against B Lab’s standards to be publicly available on their B Corp profile on B Lab’s website.
