After two years of research, development, and stakeholder feedback, B Lab is excited to share with B Corps and the wider public the draft version of the new standards for B Corp Certification for review and feedback.
In December 2020, B Lab announced a review of the performance requirements — or standards — for B Corp Certification. The aim was to understand whether more specific and mandatory performance requirements on key topics could ensure that B Corp Certification continues to differentiate leading companies using business as a force for good.
As part of this work, the B Corp standards are moving away from a flexible approach linked to achieving an 80 point score in the B Impact Assessment across a range of criteria, to one where all B Corps must meet requirements on 10 topics that define leadership on social, governance, and environmental business impact. The new standards are a natural evolution of what it means to be a B Corp, making certification more relevant than ever before for the challenges we face today and tomorrow.
From 26 September - 15 November, 2022, the first draft of the new B Corp standards is open for review to B Corps and the wider public during a consultation period. Input received from the survey will be considered for inclusion in the next version of the standards.
We’re hosting informational webinars on 18 October 2022 at 15:00 UTC and 23:00 UTC to provide more clarity and context around these developments to all interested stakeholders and to provide a forum for questions and comments from attendees. The webinars will be conducted in English, with live interpretation in Spanish and Portuguese.
Thanks for joining us in the ongoing journey to transform the global economy to achieve an inclusive, equitable, and regenerative economy.
To learn more about B Lab’s review of B Corp Performance Requirements, please read our previous announcements at https://www.bcorporation.net/en-us/standards/performance-requirements/