What is the largest B Corp in the world?
In December, Brazilian cosmetics company Natura became the first large publicly traded B Corp in the world, as well as the largest B Corp overall.
Considering factors such as social and ethical performance, we created a weighted ranking of the world's top 20 companies – an A-List of B Corps. An integrated architecture, engineering, building, and renewable energy firm South Mountain Company, Inc., tops the global B Corp ranking with a score of 183/200.
The United States of America comes out on top with 1,418 total certified B Corp businesses trading there, with the most popular American green organisation being Coursera, featuring as the second most searched for in the whole world.
FAQs. How many Certified B Corps are there around the world? There are currently over 4000 Certified B Corporations in more than 70 countries and over 150 industries.
Although there are B Corporations in over 150 industries, certain ones stood out by outpacing others with their number of certified companies. In particular, the food and beverage industry is the most B-certified industry in the United States. This industry has 192 listed B Corporations.
The B Impact Assessment is intentionally rigorous and aspirational. The average score of ordinary businesses in the BIA is 51 points and many companies, in fact, don't receive the required 80 points their first time around.
“We are part of a community of certified B Corporations who are walking the walk of stakeholder capitalism,” said the open letter. “We are successful businesses that meet the highest standards of verified positive impact for our workers, customers, suppliers, communities and the environment.”
To achieve the B Corp Certification, a company must achieve a score of at least 80 points on the assessment. "Best for the World is a special program for the B Corp community, and we're thrilled to resume it after pausing the program in 2020 due to COVID-19," said Juan Pablo Larenas, Executive Director of B Lab Global.
The B in B Corp is open to interpretation. It was originally derived from “benefit corporation”, a type of US corporate structure, but B Corp means many things to many people.
If your business is a start up with under 12 months of operations, you're eligible to become a Pending B Corp. Pending B Corp is a great way to communicate the mission of your company, engage in the B Corp Community and put in place a framework for impact improvement.
Is Nike a certified B Corporation?
Well, there's a difference between Nike using recycled materials to create its attire and Nike becoming a Certified B Corporation or Benefit Corporation. Namely, in the second case the company is held to higher standards of accountability and transparency.
B Corp (short for Certified B Corporation) is the term used for any for-profit entity that is certified by the nonprofit B Lab as voluntarily meeting higher standards of transparency, accountability, and performance.
Starbucks would be the biggest B Corp by far if it chose to go that route. It would need to meet the standards required by the non-profit company B Lab, which officially hands out the B Corp designations. But Starbucks would not be the first publicly traded firm in this growing movement.
B corps have to pay the same amount of taxes as other for-profit businesses. Before you take the first steps to become a B corp, first check to make sure certification is available in your state.
Being a Certified B Corporation is special. This title sets companies apart by telling the world that they “Meet the highest standards of verified social and environmental performance, public transparency, and legal accountability, and aspire to use the power of markets to solve social and environmental problems.”
- Wisconsin.
- Texas.
- Ohio.
- North Carolina.
- New Mexico.
- Montana.
- Michigan.
- Kentucky.
Impact Business Models or IBM's in the B Corporation assessment are considered rare, if you have one in your company then you'll likely score among the top B Corporates from around the world with 150+ or more (you only need 80 points to qualify to become a B Corporation), although just because you do have a IBM doesn't ...
Yes! There are many publicly-traded Certified B Corporations around the world.
Think of a B Corp as being to business what Fair Trade is to bananas. It's a public commitment to “meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose.”
Nespresso, the pioneer and reference-point of high-quality portioned coffee, has today announced its global certification as a B Corp. The Swiss-based brand joins an international movement of 4,500 purpose-led businesses that meet B Corp's high standards of social and environmental responsibility and transparency.
What is B Corp example?
Becoming a B Corp
More than 100,000 businesses have signed up for the B Corp Impact Assessment since its launch in 2006, but only 3,500 companies—brands like Ben & Jerrys, Warby Parker, Patagonia, the Guardian, Kickstarter, and AllBirds, along with Lemonade—are certified B Corps.
B Corp certification is available to a variety of legal entities such as corporations, limited liability companies, partnerships, sole proprietorships, etc., whereas benefits corporations, including PBCs, are companies incorporated as corporations (i.e., not limited liability companies or partnerships).
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.
Ben & Jerry's Joins the B Corp Movement! We are a certified B Corporation, which is recognized as the highest standard for social corporate responsibility. B Corps are a new type of corporation that uses the power of business to solve social and environmental problems.
Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. A Certified B Corporation, Patagonia's mission is to build the best product, cause no unnecessary harm, and use business to inspire and implement solutions to the environmental crisis.
Many of these businesses are B Corps. Today, I'm happy to announce that Bee's Wrap is now a Certified B Corporation®.
Corp is an abbreviation for “corporation” and “corporal.” Corp, corps, and corpse all trace back to the Latin word corpus, meaning “body.” The origin of core is obscure.
The first generation of B Corporations was certified in 2007, and the number of firms earning certification has grown exponentially ever since. Today, there are more than 1,700 B Corporations in 50 countries.
How long does it take to complete the certification process? The time a company needs to complete the B Impact Assessment, achieve the minimum score, and submit it for review by B Lab is highly variable. Once a company submits its assessment, the certification process typically takes between 10-14 months.
Certified B Corporations, or B Corps, are companies verified by B Lab to meet high standards of social and environmental performance, transparency and accountability.
How do I get my B Corp certification?
How do you become a B-Corp? To become certified, businesses must achieve a minimum score across a range of areas, including environmental, social, and legal standards, as well as transparency and accountability requirements. The process starts with a self-assessment questionnaire — you can do it yourself for free here.
On the simplest level, B Corp certification is a stamp of approval for companies that have proven their commitment to doing good. It's awarded by B Lab to companies that have met "rigorous standards of social and environmental performance, accountability and transparency," according to its website.
As one of the two publicly traded B Corps in the U.S., Etsy could continue to blaze a trail as a publicly traded benefit corporation. The company won't disclose its plans.
The Certified B Corporation Movement was started by three individuals, Jay Coen Gilbert, Bart Houlahan, and Andrew Cassoy. Jay and Bart were co-founders of AND1, a basketball footwear and clothing company.
While B Corp claims that certification balances the interests of shareholders with the interests of workers, customers, communities and the environment, B Corp standards are not legally enforceable. Neither the board nor the corporation are liable for damages if a company fails to meet them.
The vast majority of B Corps are owned by founders and their families, enabling them to have a strong mission. The real test comes when founders sell.
B Corp status shows that your company's aims and purpose are aligned with ESG-focused values and benefit wider society and the environment.
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.
To achieve the B Corp Certification, a company must achieve a score of at least 80 points on the assessment. "Best for the World is a special program for the B Corp community, and we're thrilled to resume it after pausing the program in 2020 due to COVID-19," said Juan Pablo Larenas, Executive Director of B Lab Global.
Starbucks would be the biggest B Corp by far if it chose to go that route. It would need to meet the standards required by the non-profit company B Lab, which officially hands out the B Corp designations. But Starbucks would not be the first publicly traded firm in this growing movement.
What is an example of B Corp?
More than 100,000 businesses have signed up for the B Corp Impact Assessment since its launch in 2006, but only 3,500 companies—brands like Ben & Jerrys, Warby Parker, Patagonia, the Guardian, Kickstarter, and AllBirds, along with Lemonade—are certified B Corps.
