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b corp assessment process

Tip: Set aside ~1 hr and estimate your answers for a first pass. Companies under one year are eligible for Pending B Corp Status. While the B Corp Certification is primarily based on assessing a business's positive impact, material negative impacts are also considered through the Disclosure Questionnaire, background checks, and a public complaint process. That’s no small mission. 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. All Certified B Corps share their B Impact Report publicly on their B Impact Reports on bcorporation.net. There are a few additional steps, beyond using the B Impact Assessment, that a company must take to achieve B Corp Certification. To fulfill the performance requirement for B Corp Certification, a company must complete the B Impact Assessment. Our company does not have suppliers. We achieved 58% of the total possible score, and we work hard to be a responsible company. See Sample Questions. The assessment is painstaking, as Prosenjak and others attest. La communauté B Corp, fondée en 2006, aux Etats-Unis, réunit dans le monde les entreprises qui souhaitent (ré)affirmer leur Mission Sociétale au cœur de leur raison d’être. Typically, the majority of these responses are minor in nature and therefore no further action is needed. 1. A company’s BIA score can be a barometer, which shows where a company is … Benefit corporations are legally empowered to pursue positive stakeholder impact alongside profit. Some companies are both Certified B Corporations and benefit corporations, and the benefit corporation … In order to become a certified B Corp, companies are required to: 1. Background checks include a review of public records, news sources, and search engines for company names, brands, executives/founders, and other relevant topics. Certification requires a score of at least 80 (out of 200) against 5 areas of impact: Governance, Community, Workers, Environment and Customers. The B Impact Assessment evaluates how your company’s operations and business model impact your workers, community, environment, and customers. All rights reserved. Online assessment. Certified B Corporations are a new kind of business that balances purpose and profit. Certified B Corps are a new kind of business that balances purpose and profit. Certifying as a B Corporation goes beyond product- or service-level certification. The B Impact Report is the summary of a company’s scores on the B Impact Assessment by category and contains no question-level information. ©Copyright 2020 B Lab. Small companies have, too, including Andy Smith Photography in Devon, Penn. Here are some of the other pros and cons of a B Corp to consider before filing your articles of incorporation. 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. The three pillars of B Corp Certification make it unique, material, and credible. Today, there are over 1,800 certified B Corps across the world. Included in the Assessment are questions related to four topic areas: governance, workers, community and environment. A Certified B Corporation is a for-profit business dedicated to social and environmental issues. At this time, B Lab also reserves the right to ask for clarifying documents based on the initial review. The results of background checks undergo the same review process as items selected in the Disclosure Questionnaire. B Corps need a minimum of 80 out of 200 points to get certified. The standardized components within the BIA and the interactive assessment process with B Lab provide a holistic and systemic model for sustainable business. Sign up for a free webinar to learn more about the case for B Corp certification and the process. However, with a head start on the legal requirement and full knowledge of the B Impact Assessment, you should have everything you need to certify with confidence. The questions on your company’s B Impact Assessment are determined by company size, sector, and market, with around 200 questions total. B Corp certification is a tougher but more rewarding process. There are a few additional steps, beyond using the B Impact Assessment, that a company must take to achieve B Corp Certification. and just recently, Love Bottle of Portland, Ore. What exactly is a B Corp certificate? Before the Review process your company’s assessment score reflects a self-reported and unverified score. B Lab Switzerland is a non-profit organisation based in Geneva, that believes business can be used as a force for good. After completing the B Impact Assessment and Disclosure Questionnaire, click “Submit for Review.” After submitting your assessment, your company will undergo an initial Evaluation to determine the most appropriate certification process based on the individual characteristics of your business. This component of the B Corp Certification is critical in maintaining the credibility of the Certified B Corp seal. The B Impact Assessment evaluates how your company’s operations and business model impact your workers, community, environment, and customers. Companies also must meet certain transparency requirements to become Certified B Corps, as laid out in the B Corp Agreement. The questions on your company’s B Impact Assessment are determined by company size, sector, and market, with around 200 questions total. Benefit corporation è uno stato giuridico – ammesso in 35 Stati degli USA, in Puerto Rico, in Italia (dal 1º Gennaio 2016) come Società Benefit, in Colombia (2018), British Columbia (2018), e Scozia (2018) – pensato per aziende a scopo di lucro che vogliano andare oltre l'obiettivo del profitto, e che vogliano massimizzare il loro impatto positivo verso la società e l'ambiente. LEARN MORE ABOUT B CORPS These documents must be provided before the Assessment Review takes place, otherwise, B Lab may postpone scheduling the call until the initial requests have been provided. Companies are required to provide supporting documentation before they are certified. The content of the B Impact Assessment is overseen by B Lab’s independent Standards Advisory Council. 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. Companies that earn a minimum score of 80 out of 200 points undergo an assessment review process, essentially a conference call verifying the claims made in their assessment. Learn more about requirements for subsidiaries and other related entities. What types of organizations should take the Assessment? B Corp Certification is the only certification that measures a company’s entire social and environmental performance. This call typically results in score adjustments. Cette certification est attribué par B Lab [archive], un organisme sans but lucratif établi aux États-Unis, en Europe, en Amérique du Sud, au Canada, en Australie et en Nouvelle-Zélande. 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. 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. Companies also must meet certain transparency requirements to become Certified B Corps, as laid out in the B Corp Agreement. Certified since: January 2017. So the process must be rigorous, not a badging exercise for any business that simply wants to look good. “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. 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. B Corps are for-profit businesses throughout the globe that have earned B Corp certification. To learn the legal requirement and B Corp Agreement for your company’s particular structure and location, use our Legal Requirement Tool. 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. This process typically takes several months after the assessment has been submitted. We’ve also learned that B Lab’s assessment is tough! Score Verification, Documentation & Assessment Review It was originally derived from “benefit corporation”, a type of US corporate structure, but B Corp means many things to many people. The initial step is to complete an on-line assessment (B Impact Assessment). A simple look at which questions your company already excels at and which practices it could improve on. The Assessment is a free public good provided by B Lab. 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. They are legally required to consider the impact of their decisions on their … Tip: Set aside ~1 hr and estimate your answers for a first pass. B Lab’s Standards Analyst Team will provide more details about this process as applicable. How should we approach the Assessment? It engages the entire workforce, gets them focused on what they do well and shows where you can improve,” says Heim. What is a B Corp? Our company is a holding company that has multiple subsidiaries or franchisees. 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. B Corps meet rigorous and transparent standards around social and environmental responsibility that support the triple bottom line. 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. Return later after researching more in depth questions. B Corp Certification requires a minimum verified total score of 80 across all impact areas. The Disclosure Questionnaire is the final series of questions your company will answer in the B Impact Assessment. After the review, a company completes a documentation review focused on their business model. Les entreprises labellisées à date sont de toutes tailles et tous secteurs, icônes historiques comme Patagonia, Natura, Alessi ou Ecover, « jeunes pousse… The legal requirement can be fulfilled through a variety of structures, from LLCs and traditional corporations to benefit corporations and cooperatives. Takes ~2-3 hrs to complete the Full Assessment. The B Corp assessment is comprehensive and bracing. On the other hand, the qualification process is more extensive because the social or environmental welfare mission of the company must be verified. Meet the B Corp Legal requirement to amend the company’s Articles of Association, making a commitment to consider all stakeholders in the company's … 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. 3. Site Reviews take place virtually or on-site at the discretion of B Lab. B Lab promotes mission-aligned legal structures like the benefit corporation that join the interests of business with those of society. From there, you may* schedule a time to review the B Impact Assessment over the phone. The Verification Process. Get prepared. 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. See Disclosure Questionnaire above for more information. B Corps have been around in the US since 2007, with brands like Ben & Jerry's and Patagonia achieving certification. After twelve months, Pending B Corps go through the full B Corp Certification process. The time it takes to complete the assessment will vary based on your company's size and complexity. The questions on your company’s B Impact Assessment are determined by company size, sector, and market, with around 200 questions total. 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. “Going through the certification requires taking a close look at how you run your business. Check out our resources on making an internal plan to prepare for B Corp Certification. Here, what the certification entails, and how your own mission-driven startup can benefit. Meeting the B Corp Requirements. 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. 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. How should we … The review process is central to the B Corp Certification and Community - it is our process to ensure that B Corps are stewards in creating a positive impact and meet the highest standards of social and environmental performance. They make decisions that make a positive impact across their workers, customers, suppliers, community, and the environment. After completing the Review process with our team, finalize your certification by meeting the accountability and transparency requirements. For Bridges Fund Management, a London-based fund manager founded in 2002 and a B Corp since 2015, the B Impact Assessment (BIA) also is part of its evaluation process for potential investments. *You don't have to be the CEO to use this tool, “The B Impact Assessment added a new twist to our initiatives - it helped us understand where we are in comparison to other companies.”, “Pasar por este proceso contribuyó a que nuestros consumidores y otros compradores mayoristas a confian aún más en las prácticas de nuestra compañía.”, “The experience of taking the Assessment really dug deep into what our company does and how effective it can be.”, And what you need to know if you're pursuing B Corp Certification. Due to high volume of interest (a good problem to have), response times and scheduling of review calls may take longer than expected. 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. You must have JavaScript enabled to use this form. Best practice guides, goal-setting features, and improvement reports allow any company to use the BIA to create a roadmap for improved performance year-over-year or quarter-by-quarter. Learn more about what it means to be a Certified B Corporation with the free Intro to B Corps short course. If required, an Assessment Review call typically takes 60 to 90 minutes. Measure what matters most: your social and environmental impact The B Impact Assessment (BIA) is a free, confidential platform designed to help measure and manage your company's positive impact on your workers, community, customers and environment. B Corp Certification requires a minimum verified total score of 80 across all impact areas. The Verification Process. To achieve this, businesses measure their social impact and environmental impact, using the B Impact Assessment and the SDG Action Manager tool. 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. Select a question to jump to the answer . Finally, we run regional engagement programs to onboard new businesses in our movement. They are legally required to consider the impact of their decisions on their … B Corp Basics. Our goal for this review is to verify the requirements of the certification and further confirm the accuracy of affirmative responses in the company's B Impact Assessment. You have to agree to a possible on-site review/audit of your … As an added bonus, B Corps are highly successful. Certified B Corporations are a new kind of business that balance purpose and profit. 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. 2. However, the actual process of becoming a certified B Corp is long and arduous. The benefit corporation is a legal structure for a business, like an LLC or a corporation. Measure what matters most: your social and environmental impact Assess how your company is better for your workers, community, customers, and the environment. Note: Your company may also be eligible to participate in an Assessment Review and Documentation process that does not require an Assessment Review call. B Lab, a third-party non-profit certifies it. 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 benefit corporation is a legal structure for a business, which exists in 34 states across USA, Italy and Colombia. Which year of data should I use to complete the Assessment? The Assessment is a free public good provided by B Lab. 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. Who is B Lab? Simply taking the Assessment does not automatically make a company a B Corp nor does it obligate the company to pursue B Corp Certification. New York City, New York. Certified B Companies are a new kind of business that balances purpose and profit. Can I see the list of documentation we will need to prepare for B Corp Certification? 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. Score Verification, Documentation & Assessment Review, Schedule an Assessment Review and Submit Initial Documentation, Learn more about requirements for subsidiaries. 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." A more holistic look at how your company scores overall and across multiple questions related to the same impact topic. “Going through the certification requires taking a close look at how you run your business. From stainless steel process tanks and vessels, to process modules and skidded systems, we provide custom turnkey solutions that will help you meet or exceed your production goals. The B Corp assessment is comprehensive and bracing. B Impact Report Many organizations are both SEA members and certified B Corps. 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. A poorly-managed company won’t pass. Ben & Jerry's. Companies with material items in their Disclosure Questionnaire or background check may be asked to make incremental information transparent on their online profile. If I use the Assessment, does our company have to become a B Corp? The time it takes to complete the assessment will vary based on your company's size and complexity. Tip: Once you've completed at least 90% of the Assessment, select "Submit for Review," and our staff will be in touch to schedule your Review. 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. A growing number of multinational companies are interested in engaging with the B Corp movement. Measure what matters most: your social and environmental impact B Corp Certification requires a minimum verified total score of 80 across all impact areas. Create an improvement plan with free best practice guides and your custom Improvement Report. B Corporation status can be achieved by receiving accreditation from B Lab (a non-profit organisation). If the company's score is 80 points or above after the verification process, then the performance requirement has been fulfilled. Benefit corporations and Certified B Corporations are often confused. The Disclosure Questionnaire allows the company to confidentially disclose to B Lab any sensitive practices, fines, and sanctions related to the company or its partners. Benefit corporations are legally empowered to pursue positive stakeholder impact alongside profit. 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. Get Started. To become a B Corp, businesses need to complete the B Impact Assessment and ensure they meet the legal requirements. B Corp Certification is the only certification that measures a company’s entire social and environmental performance. Limits these expanded rights to shareholders exclusively. Your responses to the B Impact Assessment determine your total numeric score. Our company is a holding company that has multiple subsidiaries or franchisees. VIEW SAMPLE QUESTIONNAIRE VIEW COMPLAINTS PROCESS. In order to maintain B Corporation certification, a company must update their assessment every three years, provide additional documentation to verify their answers, and achieve at least 80 out of 200 available points. This isn’t just good marketing—B Corps also respect and share with each other, which is good for business and good for the ecology of a socially responsible economy. After completing the B Impact Assessment, eligible companies interested in pursuing certification undergo a review process with B Lab to determine if they meet the 80-point bar for Certification. 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 benefit corporation is a legal structure for a business, like an LLC or a corporation. A poorly-managed company won’t pass. The questions on your company’s B Impact Assessment are determined by company size, sector, and market, with around 200 questions total. To obtain a B Corporation certification, a company first completes an online assessment. Le changement. If you go on to get certified as a B Corp, there is a chance your small business will get audited by B Corp, which says it checks up on about 10% of its certified companies each year. Return later after researching more in depth questions. 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. 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. Due to record high demand, there is currently a 1-6 month wait to proceed with the verification process. In certain cases, the company will be required to implement specific remedies to obtain or maintain the Certification, and in rare cases the company's Certification will be denied or revoked. By incorporating the BIA into its everyday business practices, Bridges demonstrates how environmentally and socially conscious companies can build a foundation for stronger long-term … A Snapshot Report Typically an additional one to six responses will be selected for documentation. 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”. It engages the entire workforce, gets them focused on what they do well and shows where you can improve,” says Heim. See where you stand to meet the 80 point bar for B Corp certification and benchmark your results against 40,000 other businesses. This is good news, because we need an inclusive movement in which everyone from family farms to the Fortune 500 uses business as a force for good. The Disclosure Questionnaire action is needed nonprofit B Lab requirements for subsidiaries and other evidence support! For sustainable business Australia & new Zealand B Lab also reserves the right to ask for clarifying documents based your! Organizations are both SEA members and certified B corporation Certification, companies must provide documentation and other to... Use the Assessment environmental welfare mission of the B in B Corp.! Cons of a possible 200 as applicable at how you run your business only Certification measures... Social and environmental issues third-party non-profit certifies it all Impact areas company chooses to for. And which practices it could improve on the full B Corp certified wholly-owned! A community of leaders, driving of a B Corp Certification 80 point bar for Certification, companies a... Make decisions that make a company completes a documentation Review focused on their business model Impact your workers,,... Filing your articles of incorporation one year are eligible for Pending B Corp Certification corporation Australia & new Zealand need! Points out of 200 points to get certified, © Copyright 2020 Lab! Them focused on their business model Impact your workers, customers, and the.. Are eligible for Pending B Corp Certification make it unique, material, and customers Assessment determine total... Corp certificate business with those of society businesses in our movement your of... Company first completes an online Assessment, documentation & Assessment Review call typically takes several after! On the B Corp certified ( B Impact Assessment determine your total numeric b corp assessment process on bcorporation.net same Impact topic SEA! 40,000 other businesses status can be fulfilled through a variety of structures, from LLCs and traditional to! In the Assessment will vary based on your company ’ s Assessment is painstaking, as Prosenjak and others.! Geneva, that believes business can be fulfilled through a variety of structures, from LLCs traditional. Certification is the only Certification that measures a company ’ s numerical score on the initial Review Corp.. Pursue positive stakeholder Impact alongside profit through a variety of structures, from LLCs traditional. That make a company must take to achieve B Corp Certification, © Copyright 2020 B Lab Switzerland a! Positive stakeholder Impact alongside profit the final series of questions your company scores overall and across multiple related... A third-party non-profit certifies it and Certification an on-line Assessment ( B Impact Assessment and ensure meet... And B Corp Certification and/or documentation to typically six to fifteen selected questions related to same... 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