Below, I've rounded up a few of the B Corps we love shopping at most, including Patagonia , Allbirds , and Eileen Fisher . Of course, becoming a B Corp is no guarantee of commercial or impact success. How can organizations get involved beyond pursuing B Corp Certification? That all business ought to be conducted as if people and place mattered. 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. How B Corps Can Create a Stronger, Enduring Connection with Customers. They are evolving much like the LLC evolved - gradually across the United States. Why B Corps Matter 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 … There are 225 companies in the Stant USA Corp… Serving a global community of people using businesses as a force for good. In order to become a B Corp, your organization has to get score of at … They are legally required to consider the impact of their decisions on their workers, customers, suppliers, community, and the environment. It makes you be even better. B Corps form a community of leaders and drive a global movement of people using business as a force for good. To be granted and to maintain certification, companies must receive a minimum score from an assessment of "social and en… 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. B Corporation status can be achieved by receiving accreditation from B Lab (a non-profit organisation). [15] Socially and environmentally-focused business model points ultimately are accrued in their relevant impact area (governance, workers, community or environment). To B Corps, sustainable business isn't charity, it's better business. Twitter Linked In Facebook Instagram YouTube. What defines them is their belief that the purpose of a company is not … Having a B Corp status is a marketing tool in itself. This is a community of leaders, driving of a global movement of people using businesses as a force for good. What's the difference between a Certified B Corp and a benefit corporation? 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. The benefit corporation is a legal structure for a business, like an LLC or a corporation. Track individual visitors using your website in real-time. As of April 2020[update] there are over 3,300 certified B Corporations across 150 industries in 71 countries.[2]. Benefit Corporation in Colorado may require you to register under the Colorado Charitable Solicitations Act. [17] B Lab has an established standards advisory council that can independently make decisions with or without the support of B Lab. United States Steel Corporation Corporate Headquarters 600 Grant Street Pittsburgh, PA 15219. If you need help with B corporation states, you can post your legal need on UpCounsel's marketplace. 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. 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 … 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. Certified B Corps are a new kind of business that balances purpose and profit. [20] Beyond the corporate model, other for-profit business entities make an amendment of the company by-laws or governing documents. This page was last edited on 17 December 2020, at 10:01. B Corp Certification isn't a perfect fit for every organization. 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. For general inquiries, contact the U. S. Steel Operator. 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. The B Corp community reflects the world's business landscape, ranging from sole proprietors to publicly-traded companies. Add to your site in minutes! Some states known as "constituency" states will allow for this change in the articles of incorporation, other states, known as "non-constituency states", will not; and many states now have the option of adopting the benefit corporation legal structure, which also meets B Lab's requirements 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. B Corp is a holistic certification for businesses communicating that you care about your workers, our community and the environment. [4] To add on, many C corporations usually adapt the B Corporation Certificate to gain goodwill.[5]. B Corp Certification is administered by the non-profit B Lab. In states with such laws, they need to apply within two years of becoming B Corps. The SDG Action Manager Helps Businesses Create and … Certified B Corporations are social enterprises verified by B Lab, a nonprofit organization. Learn more about the Challenge, what participating B Corps have already accomplished, and how to join them. B4Corp is an employee first company that focuses on information technology consulting for the United States Intelligence Community. And it’s by no means the only way for businesses to signal their … 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. Anna Madill. Etsy CEO Josh Silverman announced Saturday that the company is giving up its B Corp status in order to maintain its corporate structure. It demonstrates to the world around you – your stakeholders, your employees, your customers, and everyone else – that you’re committed to being a … In the United States, the avenue for corporations making the legal amendment to certify will depend on the state they are incorporated in. We do the heavy lifting in developing & formalizing your social and environmental performance. Solar States is a certified B-Corporation founded in 2008 based on the ideas found in Van Jones’ book, “The Green Collar Economy”. In order to obtain and maintain a B Corporation certification, B Lab charges annual administrative and legal fee depending on the revenue generated by the respective companies. Benefit corporations and Certified B Corporations are often confused. 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. UpCounsel accepts only the top 5 percent of lawyers to its site. No prioritization of one stakeholder over another. For the latest news and events about the community of Certified B Corporations, © Copyright 2020 B Lab. The majority of the 3,500+ B Corps are small businesses. Stant USA Corp. is located in Connersville, IN, United States and is part of the Automobile Parts Manufacturing Industry. To obtain a B Corporation certification, a company first completes an online assessment. Certain other partnerships filing … There are Certified B Corps in more than 50 countries around the world. Learn about our values and how we are progressing towards our 2020 goals. These include: However, B Lab certification allows the company bylaws to remain secret. 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. This is a community of leaders, driving a global movement of … B Corps are a new type of corporation which uses the power of business to solve social and environmental problems. 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. B Corps and Benefit Corporations are distinct terms that are often used interchangeably, but there are clear differences. B Corp Certification is administered by Standards Analysts at the non-profit B Lab. Existing Certified B Corps have gone public, like Laureate and Silver Chef. Check out the 2019 Best for the World honorees! 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. If states have passed statutes only recently, they have four years generally to comply. We envision a global economy that uses business as a force for good. Certifying as a B Corporation goes beyond product- or service-level certification. Multinationals are engaging the global B Economy both through B Corp Certification and other engagements with B Lab. 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. Certification also requires companies to integrate their stakeholder commitments into the company governing documents. 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. That we must be the change we seek in the world. [16] As of May 2014, 28 of 30 members were listed by their business affiliation. It follows last month’s announcement of Etsy’s new mission, impact strategy, and goals summed up with three words, “Keep Commerce Human.” They are legally required to consider the impact of their decisions on their workers, customers, suppliers, community, and the environment. 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. However, the certification brings a multitude of branding tools to the corporation. Yes! The majority of the 3,500+ B Corps are small businesses. 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. B Lab is transforming the global economy to benefit all people, communities, and the planet. News & Notices: Get the latest information about changes affecting business conducted with the Business Programs Division. 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… Numerous companies claim to be “going green” or “supporting the environment” through different accreditation that may or may not be real. [2] The most active community outside of the United States is Sistema B. 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. B-Corporations are not available in every state, yet. For more than a century IBM has been dedicated to every client's success and to creating innovations that matter for the world 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. Though for-profit social enterprises can apply for B Corp certification, B Corps don’t necessarily have to be social enterprises. 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. A Certified B Corp is a company that has been certified by the non-profit organization B Lab. Probably! Standards Analysts are located at B Lab's Pennsylvania, New York, and Amsterdam offices. Companies that get awarded B Corp status have committed to using their business to work towards a more inclusive and sustainable economy. GET STARTED. The B Corp certification is a distinction for social responsibility, much like fair trade or organic. Companies are required to provide supporting documentation before they are certified. What companies have the highest scores on the B Impact Assessment? The initial step is to complete an on-line assessment (B Impact Assessment). 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. B Corp is to business what Fair Trade certification is to coffee or USDA Organic certification is to milk. [27], social and environmental certification of for-profit companies, Verification and transparency requirements. 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. We are the on ramp for inner city residents looking to find jobs in the solar industry. Benefit corporations are legally empowered to pursue positive stakeholder impact alongside profit. This $3 billion publicly-traded multinational cosmetics company employs more than 2 million people while producing carbon-neutral products and advocating for the Amazon. A benefit corporation is a corporate legal entity whereas “B Corporation” is a certification, like Fair Trade or USDA Organic. The combination of third-party validation, public transparency, and legal accountability help Certified B Corps build trust and value. - Rose Marcario, CEO, Patagonia Works 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.. B Corps are businesses that act in ways that benefit society as a whole. To do so requires that we act with the understanding that we are each dependent upon another and thus responsible for each other and future generations. Here are some recent statistics on S corporations from the IRS: • Percentage of all corporations claiming S corporation status: 61.9% • Total annual S corporation tax returns filed: 3.3 million • Total S corporation net income: $400.73 billion. 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. There is a 30-day public consultation period before releasing a new version of the B Corporation assessment. [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. All rights reserved. B-Corp is a certification that shows the world what your company stands for. 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. The B Corp community reflects the world's business landscape, ranging from sole proprietors to publicly-traded companies. 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. I provide process shepherding and bandwidth to get your B Corp certification, recertification and continuous improvement needs accomplished. 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. Find Resources and Community on the B Hive. What is the average size of a Certified B Corp? 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 S corporations … It gives your organization instant credibility when it comes to the cause that you’re trying to support. 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. B Lab certifies companies based on how they create value for non-shareholding stakeholders, such as their employees, the local community, and the environment. B Lab also assists Sistema B in incorporating a benefit corporation distinction into local legal systems. You can search for open positions at B Corporations using B Work, the world's largest impact jobs board. Follow the community of Certified B Corporations. 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. B Corps aspire to use the power of business to solve social and environmental problem. To earn certification, B Corps must meet rigorous standards of social and environmental performance, accountability and transparency. Make a Wise Choice Welcome to B4Corp – Feel Free to Look Around! 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. [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. What is a California Benefit Corporation? Affected corporations and partnerships are those with assets of $10 million or more that file Form 1120, 1120-PC, 1120-L, 1120S, or 1065. Publicly-traded companies have also achieved B Corp Certification, such as Natura. By harnessing the power of business, B Corps use profits and growth as a means to a greater end: positive impact for their employees, communities, and the environment. The company needs to adhere their corporate legal structure to B-Lab regulation in order to qualify for the certification process. B Corps are accelerating a global culture shift to redefine success in business and build a more inclusive and sustainable economy. See Boatright (2006) and Johnstone and Lionais (2004). Academic contributions of loan forgiveness. 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. The first 82 B Corps were certified in 2007. Some companies are both Certified B Corporations and benefit corporations, and the benefit corporation structure fulfills the legal accountability requirement of B Corp Certification. B Corporations are companies that value purpose as much as profit, so it felt like a natural fit with our own values. It is to businesses what Fair Trade is to coffee. 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 values and aspirations of the B Corp community are embedded in the B Corp Declaration of Interdependence. B Lab certification applies to the whole company across all product lines and issue areas. 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. [16], Currently the B Corp assessment is its fifth version, with the sixth version scheduled to be released in January 2018.[19]. Yes! A Tool to Help B Corps Achieve the SDGs and Address Global Issues. Learn more about the difference. B Corp status is a certification process from a third-party business that recognizes the company’s commitment to certain sustainable practices. The B Impact Assessment evaluates how your company’s operations and business model impact your workers, community, environment, and customers. You must have JavaScript enabled to use this form. Certified B Corporations also amend their legal governing documents to require their board of directors to balance profit and purpose. It is not easy to get and this is what makes it so meaningful. B Corps are accelerating a global culture shift to redefine success in business and build a more inclusive and sustainable economy. How many Certified B Corps are there around the world? 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. 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. There are currently over 3,500 Certified B Corporations in more than 70 countries. Inc. called B Corp status “the highest standard for socially responsible businesses”. On completing the assessment, companies are required to meet certain transparency requirements and background checks to become Certified B Corp(s). Which is purpose-driven and creates benefit for all stakeholders, not just shareholders. 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. B Corporations are said to base business decisions on their impact on people and the planet. 8 a.m. - 5 p.m. Eastern Monday - Friday. Stant USA Corp. has 1457 total employees across all of its locations and generates $377.24 million in sales (USD). Use our B Corp Directory to search by keyword, location, or industry. To maintain credibility, the B Corporation certification standard operates under principles that are independent, comprehensive, comparable, dynamic, and transparent. For information on ordering a status report, refer to Business Entities Records Request. Dec 7. [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. 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. Posted on November 13, 2017 November 20, 2017 Leave a comment. 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. This leading outdoor apparel company takes responsibility for their entire supply chain, pushing for just working conditions while protecting the environment. ", 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. Using business as a force for good This includes meeting a certain score on the B Impact Assessment, which measures a company’s impact on its workers, community, and environment. Right now, hundreds of B Corps are taking part in the Inclusive Economy Challenge by setting yearly goals for impact improvement. Certified B Corporations are a new kind of business that balances purpose and profit. A Tool to Help B Corps Achieve the SDGs and Address Global Issues. “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. 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. Society’s most challenging problems cannot be solved by government and nonprofits alone. Maryland was the first state to pass benefit corporation legislation in April 2010, followed by Hawaii, Virginia, California, Vermont, and New Jersey. Marketing Tool in itself goals for impact improvement Challenge by setting yearly goals impact! Company employs more than 70 countries. [ 5 ] certification that measures a company ’ s to! Receiving accreditation from B Lab certification applies to the cause that you ’ trying... Investors, or ownership there are over 3,300 Certified B Corps have gone public, Laureate! It is to businesses what Fair Trade or USDA organic Work, the certification brings a multitude branding! 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