B Corp

The B Corp movement is an independent non-profit initiative formed by an international network of organisations that began in 2006. The organisations are certified as B Corporations by the B Lab if they meet a high standard of social and environmental performance, including being accountable and transparent about that performance.

B Lab’s multi-faceted standards are at the heart of the B Corp movement, defining social, environmental, and governance best practices for businesses. The standards include: (i) B Impact Assessment; (ii) Risk Standards; and (iii) Multinational Company Standards & Baseline Requirements.

In addition, B Lab provides companies with the programmes and tools necessary to understand their environmental and social impact - whether or not they are Certified B Corporations.

The B Lab has an independent, multi-stakeholder Standards Advisory Council with specific expertise in responsible and sustainable business.

Key facts
Year	2006
Region	International
Scope of Information	Social (People and Communities) and Environmental (Planet)
Industry Agnostic or Specific	Industry Specific
Target Audience	Businesses
Approach to Materiality	An inclusive, equitable and regenerative economy
Time Horizon	Short-, Medium-, and Long-term
Key Outputs	Set of standards used to benchmark and assess members of the B Corp movement