About
OVERVIEW
Our logo assures you that
this company is a certified sustainable business. It has met comprehensive and transparent social and environmental performance standards as well as legally expanded their corporate responsibilities to include the interests of community, employees, and environment. Certified B Corporations are a new type of company that uses the power of business to solve social and environmental problems.
The social impact statements that most closely apply to our organization's mission statement
Economic empowerment and value, Quality of life in the community, Preserving tradition and cultural legacies, Energy conservation, Eco-friendly production, Environmental conservation
Our organization screens
Production process, Impact of use, Business practices
How often our organization monitors compliance of our standards
Continuous
How our organization monitors compliance of our standards
On-site audit, Self reporting
Our mission statement
Our Declaration of Interdependence:
We envision a new sector of the economy which harnesses the power of private enterprise to create public benefit. This sector is comprised of a new type of corporation-the B Corporation- which is purpose-driven and creates benefit for all stakeholders, not just shareholders.
As members of this emerging sector and as entrepreneurs and investors in B Corporations,
We hold these truths to be self-evident
That we must be the change we seek in the world;
That all business ought to be conducted as if people and place mattered;
That, through their products, practices, and profits, businesses should aspire to do no harm and benefit all.
To do so, requires that we act with the understanding that we are each dependent upon another and thus responsible for each other and future generations.
The history of our organization
B Lab, the non-profit that certifies B Corporations, was founded to create the infrastructure needed for mission-based businesses to grow and scale-namely standards that define what's 'good enough,' a legal structure that would withstand the test of time, and a unifying brand to enable consumers, employees, and investors to recognize good companies-not just good marketing. B Lab began public operations in June of 2007, kicking off at the national BALLE conference in Berkeley, CA. Since then B Lab has certified over 160 B Corporations representing 1B in revenues.
Our organization's standards for producers, products, or sellers
To become a B Corporation companies must 1) Achieve a passing score on the B Ratings System, a comprehensive tool to assess a company?s social and environmental performance; and 2) Agree to legally expand the responsibilities of the corporation to include the interests of its employees, suppliers, consumers, community, and environment.
How we developed our standards
The B Ratings System was developed using the best available open-source performance standards and impact metrics from numerous sources, including the Global Reporting Initiative, Wiser Business (a project of the Natural Capital Institute), and the Social Venture Network. The Ratings System has also been reviewed by over 600 entrepreneurs, academics, investors, and thought leaders, resulting in a collaborative, dynamic, and holistic standard for corporate social and environmental responsibility.
Summary of our process for screening new producers, products, or sellers
To become a B Corporation companies must 1) Achieve a passing score on the B Ratings System, a comprehensive tool to assess a company’s social and environmental performance; and 2) Agree to legally expand the responsibilities of the corporation to include the interests of its employees, suppliers, consumers, community, and environment.
How we regularly monitor compliance of our standards
All B Corporations are required to submit documentation to support their answers to about 20% of the Survey questions. In addition, 10% of all B Corporations are audited annually to ensure that their Surveys correctly represent current practices.
Our monitoring process including who performs the monitoring
All Certified B Corporations must submit documentation for 20% of their answers to B Survey questions. In addition, 20% of all Certified B Corporations are audited by B Lab staff in every two-year term.
The fee structure for our monitoring system
Certified B Corporations pay a base price of one tenth of one percent of revenues, or $1000 per million dollars of sales.
Monitored regions
North America
More information about our organization
We'd also like to tell you...
For businesses or producers that want to work with us, we recommend you do the following...
The first step to becoming a Certified B Corporation is to go through the B Ratings System, a tool which measures a company's social and environmental impact. You can also contact B Lab staff to go through the Survey with you or to answer questions at 610-296-8283.