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Alice Jasper (She/They)
Ojibwe, Odawa, Potawatomi contemporary and ancestral land. Also known as Grand Rapids, MI.
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What Is B Corp Certification?
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B Corporation
B Corp Certified companies are a community of leaders, driving a global movement of people using business as a force for good. The combination of third-party validation, public transparency, and legal accountability help Certified B Corps build trust and value.
The B Corp Certification is administered by the non-profit B Lab
Check Out the First and Second Webinars in This Series to Learn More!
New Standards
As the climate crisis intensifies and societal inequality grows, the need to bring about systemic change is clear. B Lab is working to advance the standards of B Corp Certification to meet the magnitude of the challenge ahead.
The new standards will provide clarity for companies, galvanizing the most impactful business actions and focusing on what really matters, meaningfully demonstrating the leadership role that B Corps and the B Corp movement play in the world.
Pillars of the B Corp Movement
Stakeholder Governance:
People and the planet must be of equal, or higher, value than short-term profits. In this new paradigm, businesses that help all communities heal and thrive are rewarded. A stakeholder-centered economy is the triple bottom line in action, a system in which human and environmental well-being are essential.
Racial Equity:
True racial justice requires listening and learning. It means doing the work to dismantle unjust policies and practices and building more just business models and organizations. It means showing up as imperfect partners and embracing vulnerability with bravery, humility and compassion.
Climate Justice – There is No Planet B:
Humanity depends on our planet to survive, and the planet depends on humanity. Healing our home requires ending win/lose practices that provide wins for businesses and losses for the planet and its most vulnerable people.
B Lab’s Three Pillars of Change
A Stakeholder Informed Process…
In December 2020 B Lab announces a review of performance requirements for B Corp Certification…
They gather feedback from over 1000 stakeholders…
A Stakeholder Informed Process…
A Stakeholder Informed Process…
Stakeholder Feedback
Changes to Measuring Impact
Changes to Measuring Impact
Changes to Measuring Impact
Changes to Measuring Impact
As B Lab moves away from an 80 point threshold in the current standards to specific requirements across Impact Topics, this latest draft of the standards shares a new model for your consideration:
1. Performance Requirements: How companies are performing against the sub-requirements in each Impact Topic and if they ‘Do Not Meet’, ‘Meet’ or ‘Exceed’ these requirements.
2. The second element relates to company performance across Impact Business Models (IBMs), being the way that a business is designed to create a specific positive benefit/outcome for one of its stakeholders. Companies possessing IBMs would receive public recognition, for example having their tier of performance published on their B Corp Public Profile, categorized as either “Developing”, “Advanced”, “Outstanding”, or “Leader”.
Allows for Impact Performance Across ALL B Lab Pillars!
Jeffrey D. Stewart
Foundation Requirements
Overview
The company completes the Disclosure Questionnaire and reviews the potential negative impacts that companies generate in their operations.
Controversial Industries: Charity Lotteries, Debt Collection (emerging markets), Nuclear Power or Radioactive Materials, Mining, Pharmaceuticals, Recreational Marijuana
Ineligible Industries: Fossil Fuel Producers, Gamling, Pornography, Prisons and Detention Centers, Tobacco, Weapons and Defense
FR3 The Company Completes the Risk Assessment
FR3 Nature of Service
B Lab has now determined three pathways when companies serve clients in any of the flagged industries
Pathway 1: Transparent disclosure
Pathway 2: Transparent disclosure PLUS grievance/complaints mechanism AND whistleblower protection policy
Pathway 3: Pathway 2 requirements AND 1% revenue threshold for clients in ineligible industries*
FR3 Pathways of Applicability
Leah Steinberg (She/Her)
Sustainability Consultant
Foundation Requirements: Impact Business Models Assessment
What Are Impact Business Models (IBMs)?
“Impact Business Models (IBMs) are the ways that a business is designed to create a specific positive benefit/outcome for one of its stakeholders. They may be based on their product, a particular process or activity, or the structure of the business.”
Key Characteristics:
Statistics from B Lab:
86% of companies currently certified as B Corps have at least one IBM or industry addenda.
⅔ of all certified companies need IBMs in order to become a B Corp.
Why are IBMs Important?
What’s Changing?
“Impact Business Model Assessment: This assessment, which entails completing the relevant Impact Business Model (IBM) modules and questions formulated on the existing B Impact Assessment, enables a company to learn how their business models can be designed to create specific positive social and/or environmental impacts and to recognize those companies that have an Impact Business Model.”
The Shift to the Impact Business Model Assessment
Flexibility Mechanism
Understanding the Flexibility Mechanism:
How It Works:
Recognition of the Impact Business Models
Public Recognition
Recognition Framework:
Visibility:
Recognition of the Impact Business Models
Key global challenges addressed by the new standards:
Previous Standards:
New Standards:
Example: Environmental Stewardship & Circularity
New Requirements: What’s Expected of B Corps
Environmental Impact Assessments:
Circular Economy Principles:
Biodiversity and Positive Impact:
Why the Change?
Lisa Geason-Bauer (she/her) Sustainability Practitioner
Performance Requirement Sections Overview
Updates to the diagram:
• Complimentary Impact Topics category has been removed & worked into the overall Performance Requirements
• Fair Wages and Workplace Culture have been combined to be “Fair Work”
B Lab Press Release (9-24-2024)
Dec 2024 - 7 draft performance areas
Proposed Performance Requirements…..
Purpose & Stakeholder Governance (PSG): B Corps act in accordance with a defined purpose, contributing to an inclusive, equitable, and regenerative economic system for all people and the planet.
Fair Work (9/24): B Corps have positive workplace cultures with meaningful worker dialogue, living wage, wage equality among the workforce, labor themes such as contracts, overtime, shift, or zero-hour work.
Justice Equity Diversity & Inclusion (JEDI): B Corps have inclusive and diverse work environments and contribute meaningfully to just and equitable communities.
Human Rights (HR): B Corps treat people with dignity and respect their human rights.
Government Affairs and Collective Action (GACA): B Corps play a leadership role in fostering shared understanding, solutions, and implementation towards an equitable, inclusive, and regenerative economy, including contribution to the public infrastructure they utilize and rely upon for their success.
Social Performance Requirements…..
Purpose & Stakeholder Governance (PSG): B Corps act in accordance with a defined p
Fair Work (9/2024) …..
Notes:
Climate Action (CA): B Corps take action in accordance with science to combat climate change and its impacts.
Environmental Stewardship and Circularity (ESC): B Corps demonstrate environmental stewardship and contribute to the circular economy in their operations and value chain, minimizing any negative impact and pursuing positive impact.
Environmental Performance Requirements…..
EXAMPLE: Overview of Changes to Climate Action Standards
Previous Standards:
New Standards:
Science-Based Targets: Align with 1.5°C goals and set measurable targets for reducing emissions across all scopes (Scope 3 now required).
Annual Reporting: Disclose progress and climate impact publicly for transparency.
Transition Planning:
Reduction Before Offsets:
What This Means for Current B Corps:
Finding Specific Requirements
The specific requirements for Climate Action and Environmental Stewardship & Circularity are customized based on your company’s size and industry.
To access detailed requirements:
Additional Recertification Resources
Thank You to Our Hosts!
Next Steps: Help Build A Solidarity Economy!
Solidarity Economy (SE)
(noun)
An organizing framework for those who wish to create a systemic commitment to and practice of interdependence and collective liberation in the economic activities that meet our material needs.
Solidarity economy rests on our shared values: cooperation, democracy, social and racial justice, environmental sustainability, and mutualism.
Interdependence and Respect Are Central.
-Solidarity Economy Principles - solidarityeconomyprinciples.org
Next Steps….
Next Steps: Help Build A Solidarity Economy!
Lisa Geason-Bauer & Leah Steinberg Contact
Evolution Marketing: https://www.greenmkting.com/contact
Jeffrey D. Stewart Contact
(scan QR code)
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