Transparent, third-party verified reviews so you can see how their real … B Corps are businesses that 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. Well, B Corp certified companies strive not only for profits, but but for the betterment of the world around them. All Rights Reserved. They exist to help companies be better – better for the world, not just for them and their shareholders. The kinds of jobs you’ll love going to every day, where you can bring your whole self to work. Some companies are both Certified B Corporations and benefit corporations, and the benefit corporation … These factors and an increasing number of B Corp acquisitions mean more and more business will look favourably on B Corp certification. Not only that, but the criteria are dynamic, making sure that B Corps are always moving with the times and are on the cutting edge of what “good” looks like in the current world. Environmental, Social and Governance (ESG) is now a key element in company statements. If you have any questions about how the legal requirement for B Corp Certification applies to companies in the UK, please contact us at hello@bcorporation.uk. If you have any questions about how the legal requirement for B Corp Certification applies to companies in the UK, please contact us at hello@bcorporation.uk. The benefit corporation is a legal structure for a business, like an LLC or a corporation. In the Articles of Association you must include a commitment "to promote the success of the company for the benefit of its members and, through its business and operations, to have a material positive impact on society and the environment, taken as a whole". Whether it’s giving back to the community through charity fundraising, or our dedicated team of people working out how we can minimise our impact on the environment – in ways both big and small – we’re driven to find new ways to support our workers, help others, and help preserve our world. Updated: Jun 12, 2019 Published: Apr 30, 2019 . B Corp UK Nonprofit Organization Management London, London 11,591 followers Certified B Corporations are businesses that meet the highest standards of social and environmental performance. B Corps are transparent about their operating practices and are held to a high standard of legal accountability. Danone is a standout example, working to become the world’s largest B Corp, with 11 certified subsidiaries (including Danone Dairy UK). Our engagement survey powers the Sunday Times Best Companies to Work For list. Complete the B Impact Assessment. Recognized as one of Fast Company’s 2020 Most Innovative Companies, our team at B Lab is innovative and enthusiastic about building an inclusive and sustainable economy.Our teams are all working remotely through the end of June 2021. Benefit corporations are legally empowered to pursue positive stakeholder impact alongside profit. Our Workforce of the future study highlights four work scenarios, including the “Green World”. Inc. called B Corp status “the highest standard for socially responsible businesses”. The pace of change is accelerating and we are seeing more and more consumer goods organisations take the B Corp plunge. Certified B Corps are a new kind of business that balances purpose and profit. But, in the meantime, you can demonstrate your commitment to being a socially responsible business and engage as a “soon-to-B” peer with a community of more than 1,000 Certified B Corps. For a conversation around B Corps, contact us. The initial step is to complete an on-line assessment (B Impact Assessment). They use ESG specialists to show their backers that their portfolios reflect positive standards and best practice. We register company information and make it available to the public. Sign up for our monthly newsletter and get the inside track on the issues that matter to you. It was originally derived from “benefit corporation”, a type of US corporate structure, but B Corp means many things to many people. 30 of the UK’s B Corps are management consulting firms – with smaller and boutiques being the only firms to take up the scheme so far. 2. In 2012, Corporate Knights decided to … (Source: www.bcorporation.uk), B Corporations in 2020 and how they've been impacted by Covid. Certified B Corporations are social enterprises verified by B Lab, a nonprofit organization. “Simply Business was a great company to work with – and for such a large organisation we expected the process to take longer than 3 months.” said Kate. B Corporation Australia & New Zealand Status. There is a growing “impact” investor community focused on financing profit-led businesses with strong environmental, social and governance (ESG) values. The benefit corporation is a legal structure for a business, like an LLC or a corporation. In 2015 the initiative launched in the UK and there are now 193 B Corporations, including household names: Propercorn, JoJo Maman Bebe, Innocent drinks and Abel & … Certified B Companies are a new kind of business that balances purpose and profit. As people who are part of an organization that seeks to create a shared and durable prosperity we are... INCLUSIVE 1. B Lab promotes mission-aligned legal structures like the benefit corporation in the USA, which joins the interests of business with those of society. It demonstrates to the world around you – your stakeholders, your employees, your customers, and everyone else – that you’re committed to being a force for good in the world. Some companies are both Certified B … Please see www.pwc.com/structure for further details. In the UK alone there are now 160 Certified B Corporations. B Corporation status can be achieved by receiving accreditation from B Lab (a non-profit organisation). Certification needs to be renewed every three years and there is an annual fee, which scales with revenue and starts at £500. Here corporate responsibility isn't a nice-to-have but a business imperative. We create this content for general information purposes and it should not be taken as advice. They’re a not-for-profit organisation headquartered in the USA with offices all over the world. We also hear a lot of confusion about the difference between a “B Corp” and a “benefit corporation.”. Propercorn, Pukka, and Obrigado are just a few you might have heard of that have pledged to ensure that their environmental and social performance is equal in importance as the financial success of the company. 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. February is B Corp month; a celebration for all the certified UK B Corps that are doing things differently. Originally founded in the US, there are B Lab offices across Europe, South America, Australia and East Africa and each one is working to expand and support the community of … Here's all you need to know about this exciting movement, and how to turn your business into a B Corp . For all it’s more and more important investments are diverse, inclusive and accountable. Simply Business - Insurance for your business. Subscribe to our monthly newsletter and follow us on social media. Find this article useful? B Corp Certification is the only certification that measures a company’s entire social and environmental performance. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. B Corp certification guarantees that a business is measuring its environmental and social impact and B Corps commit to transparency by publishing their score online. Community of investors who find B Corps near you are seeing more and more important investments are diverse inclusive... Scenarios, including the “ Green world ” for some, B Corp month, but B certification... Able and ready to have a change in mindset sowie Auswirkungen auf Umwelt, Gesellschaft und Kund * messen. Going to every day, where you can bring your whole self to work and... 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