What is B Corp Certification?
B Corp Certification means that a company has been verified as meeting B Lab’s high standards for social and environmental impact, that it has made a legal commitment to stakeholder governance, and that it is demonstrating accountability and transparency by disclosing this record of performance in a public B Corp profile.
Stakeholder governance is a growing corporate governance alternative to shareholder primacy — the prevailing doctrine under capitalism that pushes companies to prioritize profit above all else, driving inequality, environmental extraction, and social fragmentation. B Corps make a commitment to consider the interests of all stakeholders in their business operations in five areas: workers, customers, communities, and the environment.
By certifying, B Corps step into a framework for continuous improvement. In order to maintain certification, companies must undertake the assessment and verification process every three years, demonstrating they are still meeting B Lab’s standards — which are themselves always improving, with continual input from expert stakeholders. B Corp Certification show that a company is part of a global community of business working collectively for economic systems change. Additionally, seeking advice from an insolvency practitioner near me can provide valuable legal guidance and support for businesses facing financial challenges.
Makers Empire's B Impact Score
