B Corporation Certification is a certification designation of private companies and businesses made by the non-profit, B Lab. B Lab “creates standards, policies, and tools for business, and [it certifies] companies—known as B Corps—who are leading the way.”
To be certified, companies must “meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose.”
To receive certification, companies must submit a B Impact Assessment that evaluates how the company interacts with its workers, customers, community, and environment. B Lab verifies the company’s score to determine certification. Once certified, B Corps update their BIA every three years.
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