Corporate Member Profile
Corporate Member Profile:
B Lab is a 501(c)3 nonprofit that serves a global movement of entrepreneurs using the power of business to solve social and environmental problems. B Lab serves these entrepreneurs through three interrelated initiatives that provide them the legal infrastructure and help them attract the customers, talent, and capital to scale.
Certified B Corporations are leading a global movement to redefine success in business. By voluntarily meeting higher standards of transparency, accountability, and performance, Certified B Corps are distinguishing themselves in a cluttere marketplace by offering a positive vision of a better way to do business. Over 800 businesses have already joined our community, encouraging all companies to compete not just to be the best in the world, but to be the best for the world. As a result of our collective success, individuals and communitities will enjoy greater economic opportunity, society will address its most challenging environmental problems, and more people will find fulfillment by bringing their whole selves to work.
Through the leadership of the community of Certified B Corps, laws have been passed in 20 states (and are moving forward in 18 more) creating a new type of corporation - the benefit corporation - that best meets the needs of entrepreneurs and investors seeking to use business to solve social and environmental problems. Benefit corporations operate the same as traditional corporations but with higher standards of corporate purpose, accountability, and transparency. Benefit corporations give business leaders legal protection to pursue a higher purpose than profit, and they offer investors and the public greater transparency to protect against pretenders.
B Corp certification is to sustainable business what LEED certification is to green building or Fair Trade certification is to cofee. B Corps are certified by the nonprofit B Lab to meet rigorous standards of social and environmental performance, accountability, and transparency. B Corps create higher quality jobs and improve the quality of life in our communities. And, as the movement grows, it has become and increasingly powerful agent of change. We are passing laws. We are driving capital.
5 Important things you should know about us!:
*B Lab is behind the development of the rating agency GIIRS.
*The B Impact Assessment, provided for free by B Lab is used by over 15,000 of the world's leading businesses to assess, compare, and improve their social and environmental impact.
*B Lab is governed by a dynamic process of broad, transparent multi-stakeholder engagement.
*B Lab believes that business can, and some might even argue must, play a critical role in addressing the current challenges that face society.
*B Lab is excited about the recent legislation that passed in Delware enabling Benefit Corporations to thrive and what that means for the future.
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