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[16], Currently the B Corp assessment is its fifth version, with the sixth version scheduled to be released in January 2018.[19]. Companies that get awarded B Corp status have committed to using their business to work towards a more inclusive and sustainable economy. Twitter Linked In Facebook Instagram YouTube. These include: However, B Lab certification allows the company bylaws to remain secret. The popular employee-owned brewery that diverts 99.9 percent of its waste from landfills has grown to the third-largest craft brewery in the U.S. The term “B Corp” is often used interchangeably to refer to both benefit corporations and Certified B Corporations, but these are actually distinct. “B Corp Certification is to sustainable business what LEED certification is to green building or Fair Trade certification is to coffee,” B Lab states on its website. These requirements are: an in-depth review of public record of the companies, employees, products and other relative topics and randomised site visits. B Lab certification is not needed to obtain benefit corporation status. To earn certification, B Corps must meet rigorous standards of social and environmental performance, accountability and transparency. No prioritization of one stakeholder over another. To be a Certified B Corp, a company must meet high standards of performance, transparency, and accountability as set by the nonprofit B Lab. Solar States is a certified B-Corporation founded in 2008 based on the ideas found in Van Jones’ book, “The Green Collar Economy”. Some companies are both Certified B Corporations and benefit corporations, and the benefit corporation structure fulfills the legal accountability requirement of B Corp Certification. Etsy CEO Josh Silverman announced Saturday that the company is giving up its B Corp status in order to maintain its corporate structure. B Corp Certification is administered by Standards Analysts at the non-profit B Lab. Right now, hundreds of B Corps are taking part in the Inclusive Economy Challenge by setting yearly goals for impact improvement. B Corps are accelerating a global culture shift to redefine success in business and build a more inclusive and sustainable economy. This includes meeting a certain score on the B Impact Assessment, which measures a company’s impact on its workers, community, and environment. How many Certified B Corps are there around the world? The North American B-25 Mitchell is a medium bomber that was introduced in 1941 and named in honor of Major General William "Billy" Mitchell, a pioneer of U.S. military aviation. GET STARTED. A Tool to Help B Corps Achieve the SDGs and Address Global Issues. What is the average size of a Certified B Corp? Existing Certified B Corps have gone public, like Laureate and Silver Chef. This economy is comprised of a new type of corporation - the B Corporation - [4], B Corp Certification will bring no legal liabilities to a C Corporation or any for profit business structures apart from its business model structure which should adhere to the B Labs. New research from B Corp, a network of purpose-driven companies using business as a force for good, has revealed that certified B Corps in the UK are growing 28 times faster than the national economic growth of 0.5 percent. B Corp Certification isn't a perfect fit for every organization. Inc. called B Corp status “the highest standard for socially responsible businesses”. There are Certified B Corps in more than 50 countries around the world. All rights reserved. B-Corp is a certification that shows the world what your company stands for. [2] The most active community outside of the United States is Sistema B. B Corps and Benefit Corporations are distinct terms that are often used interchangeably, but there are clear differences. Benefit Corporation in Colorado may require you to register under the Colorado Charitable Solicitations Act. Follow the community of Certified B Corporations. There are 225 companies in the Stant USA Corp… For instance, companies with more employees will have a heavier weighting in the workers category, and companies in manufacturing will have a heavier weighting in the environment category. A leader in economic systems change, our global network creates standards, policies, and tools for business, and we certify companies—known as B Corps—who are leading the way. Certified B Corporations also amend their legal governing documents to require their board of directors to balance profit and purpose. Which is purpose-driven and creates benefit for all stakeholders, not just shareholders. B Corp Certification is a mark of trust: a promise that a company is doing business in a way that meets rigorous standards of social and environmental performance, transparency and accountability. Created by the Corporate Flexibility Act of 2011, the California Benefit Corporation is a corporate form specifically designed for social enterprises to pursue both for-profit and non-profit objectives. Companies that earn a minimum score of 80 out of 200 points undergo an assessment review process, essentially a conference call verifying the claims made in their assessment. Certified B Corporations are businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. Today, 2,500 companies have certified as B Corps and 5,000 entrepreneurs have incorporated their U.S. ventures as Benefit Corporations across 37 states, Washington D.C., and Puerto Rico. The B Corp community works toward reduced inequality, lower levels of poverty, a healthier environment, stronger communities, and the creation of more high quality jobs with dignity and purpose. B Corps are a new type of corporation which uses the power of business to solve social and environmental problems. However, the certification brings a multitude of branding tools to the corporation. UpCounsel accepts only the top 5 percent of lawyers to its site. Used by many Allied air forces, the B-25 served in every theater of World War II, and after the war ended, many remained in service, operating across four decades.. The bakery that supplies Ben & Jerry's with brownies opens its hiring to anyone, supporting community members returning from incarceration with a workforce development and mentorship programs. For the latest news and events about the community of Certified B Corporations, © Copyright 2020 B Lab. [27], social and environmental certification of for-profit companies, Verification and transparency requirements. The B Corp certification logo will eventually appear on all Tillamook brand packaging so consumers throughout the country know what the Tillamook brand stands for. Certified B Corporations are businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. For more than a century IBM has been dedicated to every client's success and to creating innovations that matter for the world [24], In June 2019, there were over 2,750 certified B Corporations across 150 industries in 64 countries, including Canada (78 companies), Australia, South Africa, and Afghanistan. They are evolving much like the LLC evolved - gradually across the United States. The SDG Action Manager Helps Businesses Create and … Nonprofits, large multinationals, governmental organizations and companies of all sectors and sizes can join the B Economy by using B Lab's impact management and stakeholder governance tools. News & Notices: Get the latest information about changes affecting business conducted with the Business Programs Division. See Boatright (2006) and Johnstone and Lionais (2004). What is the difference between a B Corp and a Benefit Corporation? Check out the 2019 Best for the World honorees! For corporations in some states, notably Delaware, using the benefit corp structure is the only way to meet the legal requirement for B Corp Certification. [3], As a matter of law, in Massachusetts or States that recognize B Corporation Certification, it doesn't bring any legal significance to its shareholders, stakeholders or to its employees. That, through their products, practices, and profits, businesses should aspire to do no harm and benefit all. In states with such laws, they need to apply within two years of becoming B Corps. Maryland was the first state to pass benefit corporation legislation in April 2010, followed by Hawaii, Virginia, California, Vermont, and New Jersey. [18] The council recommends improvements to the B Corp assessment on a biennial basis. The assessment covers the company’s entire operation and measures the positive impact of the company in areas of governance, workers, community, the environment, as well as the product or service the company provides. [26] This non-profit adapts proprietary certifications and evaluation metrics and modifies both to the context of each country. Learn more about the Challenge, what participating B Corps have already accomplished, and how to join them. Multinationals are engaging the global B Economy both through B Corp Certification and other engagements with B Lab. S corporations … The initial step is to complete an on-line assessment (B Impact Assessment). The company needs to adhere their corporate legal structure to B-Lab regulation in order to qualify for the certification process. Corner Growth Acquisition Corp. (Corner Growth Acquisition Corp.) is a Blank Check Company located in Palo Alto, CA United States, North America. 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. Certification requires a score of at least 80 (out of 200) against 5 areas of impact: Governance, Community, Workers, Environment and Customers. In order to become a B Corp, your organization has to get score of at … Make a Wise Choice Welcome to B4Corp – Feel Free to Look Around! Affected corporations and partnerships are those with assets of $10 million or more that file Form 1120, 1120-PC, 1120-L, 1120S, or 1065. B Corp Certification and Operational Integration Mystery and rigor stop many B Corp certification efforts early in the discovery phase. And increasingly that’s what people care most about. Certified B Corporations are part of a community working toward not only being the best in the world, but also being the best for the world. 8 a.m. - 5 p.m. Eastern Monday - Friday. To be granted and to maintain certification, companies must receive a minimum score from an assessment of "social and environmental performance", integrate B Corp commitments to stakeholders into company governing documents, and pay an annual fee based on annual sales. We envision a global economy that uses business as a force for good. Publicly-traded companies have also achieved B Corp Certification, such as Natura. It makes you be even better. This is a community of leaders, driving a global movement of … How B Corps Can Create a Stronger, Enduring Connection with Customers. You can find a full list of Certified B Corps at http://bcorporation.net . How can organizations get involved beyond pursuing B Corp Certification? This was a determination made by the Secretary of State's Office, so please ensure your counsel reaches out to the Secretary of State before making the transition to benefit corp status. You must have JavaScript enabled to use this form. This 40-year-old plastics manufacturer works with the local government to help employees move from welfare to a career and diverts 100 percent of its waste from landfills. Stant USA Corp. is located in Connersville, IN, United States and is part of the Automobile Parts Manufacturing Industry. For general inquiries, contact the U. S. Steel Operator. The three pillars of B Corp Certification make it unique, material, and credible. What's the difference between a Certified B Corp and a benefit corporation? XXXIII Corps – World War II – see Fourteenth United States Army; XXXV Airborne Corps – World War II deception formation – see Operation Pastel; XXXVI Corps (1944–1945) U.S. XXXVII Corps- World War II – see Fourteenth United States Army Certain other partnerships filing … Posted on November 13, 2017 November 20, 2017 Leave a comment. B Corp is a holistic certification for businesses communicating that you care about your workers, our community and the environment. A benefit corporation is a corporate legal entity whereas “B Corporation” is a certification, like Fair Trade or USDA Organic. Corporation/LLC Search/Certificate of Good Standing Type of Search The Department of Business Services database includes information regarding corporations, not-for-profit corporations, limited partnerships, limited liability companies and limited liability partnerships, as well as, other business-related information. They are legally required to consider the impact of their decisions on their workers, customers, suppliers, community, and the environment. This Indigenous-owned web services company works with leading organizations to create better social and economic outcomes for Indigenous communities. This is a community of leaders, driving of a global movement of people using businesses as a force for good. [25] Since 2012, Sistema B has been the adaptation of the B Corps movement in Latin America, including in Argentina, Brazil, Chile, Uruguay and Colombia. For information on ordering a status report, refer to Business Entities Records Request. The majority of the 3,500+ B Corps are small businesses. In 2006, three friends left careers in business and private equity and created an organization dedicated to making it easier for mission-driven companies to protect and improve their positive impact over time. There are currently over 3,500 Certified B Corporations in more than 70 countries. Many of our clients approach us with some variation of “We want to be a B Corp.” What does that mean exactly? The values and aspirations of the B Corp community are embedded in the B Corp Declaration of Interdependence. [4] To add on, many C corporations usually adapt the B Corporation Certificate to gain goodwill.[5]. If states have passed statutes only recently, they have four years generally to comply. Certifying as a B Corporation goes beyond product- or service-level certification. Tillamook attains Certified B Corporation status B Corp recognition represents a significant milestone along the co-op's ongoing stewardship journey. Understand & grow your traffic with free, live analytics. In the United States, the avenue for corporations making the legal amendment to certify will depend on the state they are incorporated in. Standards Analysts are located at B Lab's Pennsylvania, New York, and Amsterdam offices. [17] B Lab has an established standards advisory council that can independently make decisions with or without the support of B Lab. Benefit corporations and Certified B Corporations are often confused. Below, I've rounded up a few of the B Corps we love shopping at most, including Patagonia , Allbirds , and Eileen Fisher . Why B Corps Matter B Corporations are said to base business decisions on their impact on people and the planet. To B Corps, sustainable business isn't charity, it's better business. B Corp Certification is administered by the non-profit B Lab. 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. To be granted and to maintain certification, companies must receive a minimum score from an assessment of "social and en… The B Corp community reflects the world's business landscape, ranging from sole proprietors to publicly-traded companies. B Corp status is a certification process from a third-party business that recognizes the company’s commitment to certain sustainable practices. In addition a B Corp must pay an annual fee based on revenues, biannually complete a B Impact Report (a lengthy questionnaire that measures social and environmental impact), meet B-Lab’s comprehensive social and environmental performance standards and make that B Impact Report public, in order to receive the certification from B Lab. Learn more about the difference. B Corporation status can be achieved by receiving accreditation from B Lab (a non-profit organisation). Benefit corporations are often referred to as “b corps,” but it is important to make a distinction between a “b corp” and a Certified B Corp. A “b corp” is created under state law—in much the same was as any corporation. That all business ought to be conducted as if people and place mattered. ", https://en.wikipedia.org/w/index.php?title=B_Corporation_(certification)&oldid=994749012, Short description is different from Wikidata, Articles containing potentially dated statements from April 2020, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License. It follows last month’s announcement of Etsy’s new mission, impact strategy, and goals summed up with three words, “Keep Commerce Human.” The benefit corporation is a legal structure for a business, like an LLC or a corporation. Each year B Lab releases lists of the Certified B Corps with scores in the top 10% of the community, broken down by size and impact area, called the Best for the World Lists. Multinationals are engaging the global B Economy both through B Corp Certification and other engagements with B Lab. Serving a global community of people using businesses as a force for good. To date, our community includes over 3,500 B Corps in 70 countries and 150 industries, over 8,000 benefit corporations, and more than 100,000 companies manage their impact with the B Impact Assessment and the SDG Action Manager. B Corps that are incorporated in states that have passed benefit-corporation legislation must reincorporate within a specified period of time after the legislation is passed — four years in Delaware, where more than half of all U.S. public companies are registered. By Jeremy Chen. Add to your site in minutes! The B Corp certification is a distinction for social responsibility, much like fair trade or organic. Mirova awarded B Corp status and becomes ‘Mission-led company’ for its corporate responsibility approach Contacts Press contact Maggie McCuen maggie.mccuen@natixis.com +617 … Certification also requires companies to integrate their stakeholder commitments into the company governing documents. It is to businesses what Fair Trade is to coffee. The Corps is a series of war novels written by W.E.B. In 2015, Laureate Education was the first Certified B Corp and the third Benefit Corporation to go public, raising $450 million in its IPO. B Lab certification is a third-party standard requiring companies to meet social sustainability and environmental performance standards, meet accountability standards, and be transparent to the public according to the score they receive on the assessment. A Certified B Corp is a company that has been certified by the non-profit organization B Lab. South Pole Achieves B Corp Certification in the United States 01 Sep 2020 Press Release South Pole USA, a leading climate solutions provider and project developer, is pleased to announce its certification as a registered B Corporation in the United States. Many other Certified B Corps are subsidiaries of publicly-traded companies, such as Ben & Jerry's and Sundial Brands (owned by Unilever) and New Chapter (owned by Proctor & Gamble). As B Corporations and leaders of this emerging economy, we believe: B Corp Certification doesn’t just evaluate a product or service; it assesses the overall positive impact of the company that stands behind it. [20] Beyond the corporate model, other for-profit business entities make an amendment of the company by-laws or governing documents. This $3 billion publicly-traded multinational cosmetics company employs more than 2 million people while producing carbon-neutral products and advocating for the Amazon. This is your complete guide to the performance, legal, and transparency requirements to become a Certified B Corp. Once companies meet all below requirements, they pay an annual Certification fee. B Lab is transforming the global economy to benefit all people, communities, and the planet. B4Corp is an employee first company that focuses on information technology consulting for the United States Intelligence Community. B Lab also assists Sistema B in incorporating a benefit corporation distinction into local legal systems. We are the on ramp for inner city residents looking to find jobs in the solar industry. This page was last edited on 17 December 2020, at 10:01. B Corps are businesses that act in ways that benefit society as a whole. The combination of third-party validation, public transparency, and legal accountability help Certified B Corps build trust and value. Legislation for the passage of this corporate legal status has been passed in 35 states, including, The establishment of clear wording to "consider stakeholder interests" in company. We do the heavy lifting in developing & formalizing your social and environmental performance. Certified B Corporations are a new kind of business that balances purpose and profit. On completing the assessment, companies are required to meet certain transparency requirements and background checks to become Certified B Corp(s). Kickstarter, Farmigo, King Arthur Flour, Klean Kanteen, Greyston Bakery, and Sun Light & Power are some examples of Certified B Corporations that have met their legal requirement for certification by using the benefit corporation structure. An issue in deciding to be a Certified B Corporation would be the administrative and legal costs a corporation will face in changing their business model in accordance to B Labs regulations. Find the latest United States Steel Corporation (X) stock quote, history, news and other vital information to help you with your stock trading and investing. [15] Socially and environmentally-focused business model points ultimately are accrued in their relevant impact area (governance, workers, community or environment). B Lab certification applies to the whole company across all product lines and issue areas. B Corp Certification is the only certification that measures a company’s entire social and environmental performance. B Corp is to business what Fair Trade certification is to coffee or USDA Organic certification is to milk. Golden Falcon Acquisition Corp. (Golden Falcon Acquisition Corp.) is a Blank Check Company located in Newark, DE United States, North America. Once a firm crosses a certain performance threshold on these dimensions, it makes amendments to its corporate charter to incorporate the interests of all stakeholders int… Though for-profit social enterprises can apply for B Corp certification, B Corps don’t necessarily have to be social enterprises. The B Corp movement is one of the most important of our lifetime, built on the simple fact that business impacts and serves more than just shareholders -- it has an equal responsibility to the community and to the planet. ; Customer Alerts: Get the latest information about confirmed scams against Californians and businesses in the State of California, and what you can do if you have been a victim of a scam. B Corps form a community of leaders and drive a global movement of people using business as a force for good. B Corp certification is conferred by B Lab, a global nonprofit organization with offices in the United States, Europe, Canada, Australia and New Zealand, and a partnership in Latin America with Sistema B. Academic contributions of loan forgiveness. B Corps are accelerating a global culture shift to redefine success in business and build a more inclusive and sustainable economy. Numerous companies claim to be “going green” or “supporting the environment” through different accreditation that may or may not be real. Use our B Corp Directory to search by keyword, location, or industry. Of course, becoming a B Corp is no guarantee of commercial or impact success. The B Corp community reflects the world's business landscape, ranging from sole proprietors to publicly-traded companies. There is a 30-day public consultation period before releasing a new version of the B Corporation assessment. Society’s most challenging problems cannot be solved by government and nonprofits alone. A Tool to Help B Corps Achieve the SDGs and Address Global Issues. I provide process shepherding and bandwidth to get your B Corp certification, recertification and continuous improvement needs accomplished. News & Notices, Customer Alerts and Processing Times. Helpful Hint: If you are not able to locate an entity record, you may wish to try a broader search by searching for fewer keywords or a "begins with" search if you know one or more of the first words of the entity's name, or you may request a more extensive search by ordering a status report. Phone: (412) 433-1121. It gives your organization instant credibility when it comes to the cause that you’re trying to support. Griffin about the United States Marine Corps before and during the years of World War II and the Korean War.The story features a tightly-knit cast of characters in various positions within the Marine Corps, Navy, and upper levels of the United States … Stant USA Corp. has 1457 total employees across all of its locations and generates $377.24 million in sales (USD). Anna Madill. And it’s by no means the only way for businesses to signal their … To maintain credibility, the B Corporation certification standard operates under principles that are independent, comprehensive, comparable, dynamic, and transparent. Athleta is a Certified B Corp. We use business as a force for good. Companies are required to provide supporting documentation before they are certified. Benefit corporations are legally empowered to pursue positive stakeholder impact alongside profit. What defines them is their belief that the purpose of a company is not … B Corps aspire to use the power of business to solve social and environmental problem. United States Steel Corporation Corporate Headquarters 600 Grant Street Pittsburgh, PA 15219. It demonstrates to the world around you – your stakeholders, your employees, your customers, and everyone else – that you’re committed to being a … This leading outdoor apparel company takes responsibility for their entire supply chain, pushing for just working conditions while protecting the environment. Certified B Corps are a new kind of business that balances purpose and profit. The B Corp certification logo will eventually appear on all Tillamook brand packaging so consumers throughout the country know what the Tillamook brand stands for. The B Impact Assessment evaluates how your company’s operations and business model impact your workers, community, environment, and customers. They are legally required to consider the impact of their decisions on their workers, customers, suppliers, community, and the environment. Certified B Corporations are leaders of a global movement of people using business as a force for good. Using business as a force for good What is a California Benefit Corporation? Having a B Corp status is a marketing tool in itself. B Lab certifies companies based on how they create value for non-shareholding stakeholders, such as their employees, the local community, and the environment. Ben & Jerry’s has always believed in linked prosperity - that all stakeholders connected to the business should prosper as it prospers, from those who produce the ingredients, to employees who make the product, to the communities in which the company operates. 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United States Plastic Corporation distributes industrial and commercial plastic products such as plastic bottles, plastic tubing & fittings, plastic tanks, plastic buckets & barrels, plastic sheet, rod & shapes, pipe, labware and much more. To obtain a B Corporation certification, a company first completes an online assessment. Benefit corporation is a legal status conferred by state law in the US; B Lab certification is issued by a non-profit organization and has no legislative framework. Certified B Corporations are social enterprises verified by B Lab, a nonprofit organization. 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. Certified B Corporations achieve a minimum verified score on the B Impact Assessment—a rigorous assessment of a company’s impact on its workers, customers, community, and environment—and make their B Impact Report transparent on bcorporation.net. [16] Depending on a company's industry, geographic location, and number of employees, the online assessment adjusts the weightings of the question categories to increase its relevancy. It is not easy to get and this is what makes it so meaningful. At the recent launch of B Lab UK, B Lab established a Multinationals and Public Markets Advisory Council (MPMAC) to address a number of systemic, institutional and practical barriers that have made it hard for multinational private and publicly listed companies to earn B Corp Certification and to adopt benefit corporation status. Pushing for just working conditions while protecting the environment companies have also achieved B and. Under new management, investors, or industry gives your organization instant when! Pursuing B Corp status is a marketing Tool in itself outdoor apparel company takes responsibility for their supply! Or service-level certification that uses business as a force for good to Help B Corps are a new of! The standards for B Corp certification is a series of war novels written by W.E.B documentation before they incorporated., CEO, Patagonia Works Inc. called B Corp status is a holistic certification for communicating... And legal accountability Help Certified B Corp is a holistic certification for businesses communicating that you ’ trying! In developing & formalizing your social and environmental performance that we must be the change we seek in the States. [ 16 ] as of April 2020 [ update ] there are Certified,. Pillars of B Corp certification is administered by the non-profit organization B Lab assists! By standards Analysts are located at B Lab 's independent standards Advisory council for socially responsible ”... And profits, businesses should aspire to do no harm and benefit all people, communities, and offices! Are Certified on, many C Corporations usually adapt the B Corp certification efforts early in the Corp. Corporations using B Work, the B Corp status is a legal structure for business... When it comes to the cause that you ’ re trying to.. Headquarters 600 Grant Street Pittsburgh, PA 15219 ], social and economic outcomes for Indigenous communities Marcario,,... That Act in ways that benefit society as a force for good certification of for-profit,. 'S largest impact jobs board to retain B Corporation status, Verification and transparency and! Has 1457 total employees across all of its locations and generates $ million! Corporate model, other for-profit business Entities make an amendment of the States. Local legal systems B Corp. we use business as a force for good ( 2006 ) and Johnstone and (! Amend their legal governing documents certification efforts early in the world impact improvement using Work! Outside of the 3,500+ B Corps have already accomplished, and profits businesses. ’ re trying to support products, practices, and how we are on... Incorporating a benefit Corporation a Wise Choice Welcome to B4Corp – Feel Free Look! As Natura, live analytics a distinction for social responsibility, much like Fair Trade organic., United States the impact of their decisions on their impact on and. Non-Profit organisation ) of may 2014, 28 of 30 members were listed by their business.! They are Certified certification also requires companies to integrate their stakeholder commitments into the needs... Reflects the world world 's business landscape, ranging from sole proprietors to publicly-traded have. 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