Used by over 50,000 businesses, the B Impact Assessment (BIA) is a free, online platform that evaluates how your company interacts with your workers, customers, community, and environment. Have you started working on your B Impact Assessment, or are you thinking about it? You can start wherever you are and be a great B Corp consultant,†says Honeyman. 150. Join the global community of Certified B Corps . They are legally required to consider the impact of their decisions on their workers, customers, suppliers, community, and the environment. Using the B Corp Assessment. See where you stand to meet the 80 point bar for B Corp certification and benchmark your results against 40,000 other businesses. B Corp Certification requires a minimum verified total score of 80 across all impact areas. BC Assessment Special Notification for 2021 Farm Classifications Aug 20, 2020 On July 29, 2020, the Provincial Government announced that, in response to the COVID-19 pandemic, all 2020 existing Farm Class properties will automatically retain Farm Class for the 2021 Assessment Roll. We caught up with Andy Hawkins (Chief Purpose Officer, Business On Purpose) to see how the first half of the programme has progressed. The BIA is divided into 5 different sections: In each section, you will be asked a series of questions about your business practices. Since your business is under 12 months in operations, the B Impact Assessment is organized to capture 12 months of business operations. They must also earn a … The B Impact Assessment The most credible tool a company can use to measure its impact on its workers, community, environment, and customers. Hey all! This was the first billion-dollar acquisition by a B Corp—and it was a surprise to many people that a B Corp was the acquirer. Modified on: Mon, 10 Feb, 2020 at 12:41 PM. MEET THE LEGAL REQUIREMENTS A great way to get your business moving on the pathway to becoming a B Corp. Some of the benefits include: Begin working on your Impact Assessment. 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. Also, becoming a Certified B Corp does not change your tax status, nor does meeting the B Corp legal requirements. Certified B Companies are a new kind of business that balances purpose and profit. Companies. In the assessment, a company must score at least 80 points on a scale from 0 to 200 to become a certified B Corp. This field is for validation purposes and should be left unchanged. See how Certified B Corps* use this tool to build a better business *You don't have to be the CEO to use this tool Rob Michalak. You can read more about the requirements for a third party reporting standard and a list of options here. No. Fill out some basic information about your company to get started and then complete the different sections. Establish a Baseline by Taking the B Corp Assessment. Taken together, the Impact Assessment and Disclosure Questionnaire comprise a holistic framework for any company that is seeking to do good through its business – which is, of course, what B Corps are doing! The assessment is free and confidential, you can add multiple team members, set goals and compare your answers to thousands of other businesses. To be granted and to maintain certification, companies must receive a minimum score from an assessment of "social and en… What does B Lab use the B Impact Assessment for in my Pending B Corp application? B Corp Quick Impact Assessment [22/200] Backbone.ms wants to become a B-Corporation . The B Impact Assessment evaluates how your company’s operations and business model impact your workers, community, environment, and customers. 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. Unifying Goal. Get started on your B Corp assessment. Benefit corporations can use the B Impact Assessment to generate a free B Impact Report for Benefit Corporations. 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. Technology platforms: In addition to serving as the primary tool for B Corp Certification, we offer the B Impact Assessment as a free tool for companies to measure and improve their impact. Nonprofits can not pursue certification but can use the Assessment as a tool to improve their practices. 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”. B Impact Assessment (BIA) Company Size Definitions. Measure what matters most: your social and environmental impact For B Corps; B Corp Directory; B Impact Assessment; SDG Action Manager; COVID-19 ; A global community of leaders. Snapshot Report. Even companies that are not considering certification could learn a lot by spending the two hours to take the free assessment. B Corp certification is conferred by B Lab, a global nonprofitorganization with offices in the United States, Europe, Canada, Australia, New Zealand and a partnership in Latin America with Sistema B. Go here and take the assessment (BIA). I agree it’s a big process - and a long one - and it requires patience especially pulling together all the documents needed however, it’s such a critical and important thing to do especially as it’s a public statement and commitment to community good. The two icons in the upper right-hand corner are quite useful. The Path To B Corp Certification" webinar. B Corporation status can be achieved by receiving accreditation from B Lab (a non-profit organisation). You will receive two types of feedback: A. B Corp certification helps consumers filter out potential greenwashers through the BIA’s rigorous assessment processes and high standards. From your supply chain and input materials to your charitable giving and employee benefits, B Corp Certification proves your business is meeting the highest standards of verified performance. B Corps have been around in the US since 2007, with brands like Ben & Jerry's and Patagonia achieving certification. It isn’t meant to be easy – this isn’t a 10-question checklist that you complete quickly. Benefit Corporations adopt a corporate form that is legally recognized, similar to a C Corporation or S Corporation (the key difference being, of course, the consideration of all stakeholders). Completing the Impact Assessment is also the first step in certifying as a B Corp, which I encourage you to consider. Start-ups can be eligible for the B-pending status during the first 12 months of operations in order to get certified as a B-Corporation after one year in the countries where a legal status for B-Corporations exists. The BIA is a comprehensive survey of your business practices that determines your impact on all stakeholders. Countries. To become a Certified B Corporation, a company have been in operation for one year (though there are steps a startup can take to prepare for B corp certification) and must earn at least 80 points out of 200 on the Impact Assessment. The image below shows the format for each question. What is the B Impact Assessment? Important: Nonprofits can not pursue certification but can use the Assessment as a tool to improve their practices. This first step is a simple one. The Impact Assessment is a great tool to use to assess your company’s sustainability practices. Also, becoming a Certified B Corp does not change your tax status, nor does meeting the B Corp legal requirements. Find a B Leader. The time it takes to complete the assessment will vary based on your company's size and complexity. The B Impact Assessment is one of the third party standards that meets the statutory requirements for a benefit report. Certified B Corps are a new kind of business that balances purpose and profit. The blend of for-profit and mission-driven design differentiates a B Corp from both conventional for-profit companies and nonprofit organizations and helps attract clients who share the company’s values. We put together a blog on the steps we took and shared some tips and templates we used to get through the assessment to help those starting out. The B Impact Assessment (BIA) is one of the most rigorous tools available to measure your company’s impact. The B Impact Assessment (BIA) is a tool to assess a company’s overall social and environmental performance. The B in B Corp is open to interpretation. You will receive two types of feedback: A. It’s a great tool designed to help you continue to make improvements to your practices. The questions on your company’s B Impact Assessment are determined by company size, sector, and market, with around 200 questions total. To certify your business as a B Corp, your company needs to be in operation for one year (if you’ve been in business for less than a year, check out the B corp guide for startups). This assessment must be repeated every three years. We are currently going through our accreditation (continuation) with B-Corporation and Ailanit from there is helping us out. Complete and submit the BIA to begin the performance requirement of certification. B Corporation (also B Lab or B Corp) certification of "social and environmental performance" is a private certification of for-profit companies, distinct from the legal designation as a Benefit corporation. The assessment grades your company’s accountability and transparency, its impact on employees, the community and the environment, as well as the beneficial impact of its products or services. It was originally derived from “benefit corporation”, a type of US corporate structure, but B Corp means many things to many people. See where you stand to meet the 80 point bar for B Corp certification and benchmark your results against 40,000 other businesses. The sections are weighted differently depending upon the type of business (service, wholesale/retail, manufacturers, and agricultural/growers), the number of employees, and whether the business is located in a developed vs. emerging economy. In the first installment of this series, we focused on the reasons why you should consider pursuing B Corp certification for your company. 1. There’s also a Disclosure Questionnaire, which asks about specific items where a company must disclose if it is involved in activities such as gambling, payday lending, or wildlife or wildlife products. The Certification is supported by Unilever, and is fully aligned with their own ambitious sustainability agenda. From raising capital to attracting new clients and employees, this gold standard of Corporate Social Responsibility accreditations offers a … Via an extensive B Corp assessment, a company must demonstrate that it meets strict social criteria in areas such as governance, employees, customers and the environment. But whoah - it was a process. Snapshot Report. Certified B Corps • Certified B Corporation is a certification conferred by the nonprofit B Lab. Instead, it’s a comprehensive assessment of your company’s impacts on a wide range of social and environmental areas. Work on your assessment in between the sessions, and get your questions answered by experts. Learn more about the B Corp legal requirements here. 1,000+ full-time equivalent workers. 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.B Corps are for-profit businesses throughout the globe that have earned B Corp certification. 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