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Gather your supporting documentation and data, and get ready to record your answers. Use the Legal Requirement Tool to determine how your company can integrate stakeholder consideration into your governance structure, which will depend on your location and corporate structure.Ĭomplete the Risk Review and baseline requirements for multinational corporations if applicable.
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Register for the free and confidential B Impact Assessment. And for more details before you get started, be sure to check out our Certification Guides above: B Lab Global and your regional B Lab or Sistema B organization are here to help. While the certification process varies depending on your company’s size and complexity, all companies must do the following to become a B Corp. Related Entities: Are you a subsidiary, or does your company have a Subsidiary, Franchise, Division, or other affiliated entities? If so, click here in addition to your corresponding Certification Guide. All subsidiaries must also follow the Large Enterprise approach, regardless of size.
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If your company generates more than $100M USD in annual revenue with 10 or more subsidiaries operating in multiple countries or generates more than $1B in annual revenue, download our Large Enterprise Guide.Ĭompanies with more than $5B USD in annual revenue will also participate in our B Movement Builders program.
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If your company generates more than $100M USD in annual revenue or employs more than 250 full time employees, download the Medium Enterprise Guide. If your company generates more than $5M USD in annual revenue or employs between 50 to 250 full time employees, download the Small-Medium Enterprise Guide.
If your company generates less than $5M USD in annual revenue and employs less than 50 full time employees, download the Small Enterprise Guide to learn more about how B Lab certifies small businesses. If you work with a start-up or smaller company, learn more about preparing for the process of full certification by becoming a Pending B Corporation. In some cases, companies might undergo a different approach based on factors, such as sector, industry, scoring, and ownership structure. Note that revenue and company size are typical criteria to guide companies to their Approach to certification. Our team may recommend a different pathway once you’ve begun. Check out our guides to learn more about the different routes to certification. Your company’s pathway to becoming a Certified B Corporation will vary depending on a few factors. Recertification confirms these standards continue to be met on an ongoing basis.ĭid you know that each year, B Lab releases Best for the World lists of the top-performing Certified B Corps from around the globe? Check out this year's honorees.
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Taking company size and profile into account, verification involves documentation of your company’s business model and information about your operations, structure, and various work processes, as well as review of potential public complaints and possible site visits. And the process to achieve and maintain certification is rigorous and requires engaging teams and departments across your company.
As they are required to undergo the verification process every three years in order to recertify, B Corps are by definition also focused on continuous improvement, leading to their long-term resiliency.ī Corp Certification is holistic, not exclusively focused on a single social or environmental issue.
They build trust with consumers, communities, and suppliers attract and retain employees and draw mission-aligned investors. 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.Įxhibit 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.Īs leaders in the movement for economic systems change, B Corps reap remarkable benefits. Multinational corporations must also meet baseline requirement standards. In order to achieve certification, a company must:ĭemonstrate high social and environmental performance by achieving a B Impact Assessment score of 80 or above and passing our risk review. 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.
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