B Corp Certification is the only certification that measures a company’s entire social and environmental performance. B Corporation certification (assessed by the not-for-profit B Lab) is given to for-profit organisations who achieve at least a minimum score against a set of social and environmental standards. Workers and consumers demand that organisations do right by them and the wider world. Tell us about your journey so far in the comments section below. Employees spend 10% of their work time in their local communities, adventuring outdoors, or doing service. This includes their employees and their customers, as well as society at large and the environment – both locally and globally. An online community for certified B Corporations in the UK, and those interested in the B Corp movement. This is a community of leaders, driving of a global movement of people using businesses as a force for good. Recognized as one of Fast Company’s 2020 Most Innovative Companies, our team at B Lab is innovative and enthusiastic about building an inclusive and sustainable economy.Our teams are all working remotely through the end of June 2021. 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… Home: B Work: the place to find jobs at companies that care about the planet, people, as well as profit. If you have any questions about how the legal requirement for B Corp Certification applies to companies in the UK, please contact us at hello@bcorporation.uk. With sustainability still perceived as a ‘nice to have’ in some industries, a pandemic might not seem the time to focus on ESG.. What retail might look like in 2020, what this means for retailers and how to succeed in a changing environment. Browse the B Corp community using the tool below or click here to find B Corps near you. February is B Corp month; a celebration for all the certified UK B Corps that are doing things differently. To buy from the B Corp community, head to the online B Corp Shop at Waitrose and Boots. They are legally required to consider the impact of their decisions on their workers, customers, suppliers, community, and the environment. Danone is a standout example, working to become the world’s largest B Corp, with 11 certified subsidiaries (including Danone Dairy UK). Manager in Corporate Finance M&A ICAEW Chartered Accountant, PwC United Kingdom. If your business is brand new but you want to demonstrate your commitment to society and the environment, you can earn B Corp Pending status. Our studies show that the UK consumer is becoming more cautious with their money. B Corps are businesses that meet the highest standards of social and environmental performance. Whilst there is a growing community of investors who find B Corp status appealing it is still early days. So when it comes to funding, B Corp status could be the deal-clincher. As people who are part of an organization that seeks to create a shared and durable prosperity we are... INCLUSIVE 1. So what does that mean in practice? For the latest news and events about the community of Certified B Corporations The Devon-based company scored 124.6 out of 200 in its first B Corp assessment, becoming the second highest-scoring food business overall in the UK … (Source: www.bcorporation.uk), B Corporations in 2020 and how they've been impacted by Covid. “We are pleased to have such a committed business join our community, and they're already great ambassadors of the B Corp movement.”. The B Corp values can be found at all levels of operation. B Corp status is a long term commitment and needs to be resourced accordingly with the appropriate checks and measures in place. Simply Business received it’s B Corp accreditation in 2017, and we couldn't be prouder. All Rights Reserved. We incorporate and dissolve limited companies. Benefit corporations are legally empowered to pursue positive stakeholder impact alongside profit. At the time of writing there are 2,778 B Corp organisations worldwide, in 60 countries. Sign up for our monthly newsletter and get the inside track on the issues that matter to you. The B Corporation or “B Corp” is a certification issued by the organization B Lab Company to sustainable for-profit businesses that meet rigorous standards of social and environmental performance, accountability, and transparency. The B Corp Certification is a third-party certification administered by the non-profit B Lab, based in part on a company's verified performance on the B Impact Assessment. Well, B Corp certified companies strive not only for profits, but but for the betterment of the world around them. Certified B Corporations are social enterprises verified by B Lab, a nonprofit organization. Brands are having to fight harder to win. 74. Certifying as a B Corporation goes beyond product- or service-level certification. There is a growing “impact” investor community focused on financing profit-led businesses with strong environmental, social and governance (ESG) values. 1. The B Corp UK video channel - featuring videos about the movement and the growing community of B Corporations in the UK. © 2015 - 2020 PwC. Certified B Corporations. Sustainability is now mainstream. 150. They use ESG specialists to show their backers that their portfolios reflect positive standards and best practice. .css-1i7ddjg{color:#262626;-webkit-text-decoration:none;text-decoration:none;cursor:pointer;color:#007478;-webkit-text-decoration:underline;text-decoration:underline;}.css-1i7ddjg:hover{color:#007478;-webkit-text-decoration:underline;text-decoration:underline;}Read our full disclaimer. In 2015 the initiative launched in the UK and there are now 193 B Corporations, including household names: Propercorn, JoJo Maman Bebe, Innocent drinks and Abel & … For all it’s more and more important investments are diverse, inclusive and accountable. In einem rigorosen Testverfahren lassen sie Unternehmensführung, Mitarbeiterrechte, sowie Auswirkungen auf Umwelt, Gesellschaft und Kund*innen messen. They are legally required to consider the impact of their decisions on their workers, customers, suppliers, community, and the environment. We communicate frequently, collaborate thoughtfully, learn from, challenge, and celebrate one another and our work. B Corps make this legal change by updating their Articles of Association, reincorporating as benefit companies and benefit corporations, or making other structural changes. Looking for the latest news and features to help you stay ahead? 3. But as well as demonstrating your commitment, you also get access to a whole wealth of information and new opportunities. Here corporate responsibility isn't a nice-to-have but a business imperative. Having B Corp certification shows your potential new recruits this is fundamental and increases your likelihood of getting that great new hire. If you have any questions about how the legal requirement for B Corp Certification applies to companies in the UK, please contact us at hello@bcorporation.uk. It can improve the saleability of an organisation too - Investors are also looking to bring diversity to their portfolios and there may be less due diligence required in a B Corp sale. B Corp is to business what Fair Trade is to coffee… They are businesses that give as much consideration to their social and environmental impact as they do to their financial returns. We spoke to Kate Sandle, Community Manager for B Corp UK, whose favourite interpretation of B Corp comes from Ghandi – “Be the change you wish to see in the world”. The benefit corporation is a legal structure for a business, like an LLC or a corporation. Unifying Goal. B Corps have been around in the US since 2007, with brands like Ben & Jerry's and Patagonia achieving certification. Environmental, Social and Governance (ESG) is now a key element in company statements. B Corporation UK. Certified B Companies are a new kind of business that balances purpose and profit. 30 of the UK’s B Corps are management consulting firms – with smaller and boutiques being the only firms to take up the scheme so far. B Corps are put in touch with one another and are able to share knowledge and build on each others’ successes. B Corp certification guarantees that a business is measuring its environmental and social impact and B Corps commit to transparency by publishing their score online. B Lab certifies companies based on how they create value for non-shareholding stakeholders, such as their employees, the local community, and the environment. In 2012, Corporate Knights decided to … You’ll need to score at least 80 out of a maximum 200, Make sure you meet the legal requirements and work on what amendments you can make if you don’t currently, Sign the B Corp Declaration of Interdependence and Term Sheet, making your status official, See how we're making a positive social impact, Simply Business staff raise £20,000 for Whizz Kidz as they trek the Alps. The B in B Corp is open to interpretation. SUSTAINABLE 1. Many clients ask us about becoming a B Corp and whether it’s right for them. The initial step is to complete an on-line assessment (B Impact Assessment). Is your organisation able and ready to have a change in mindset? © Copyright 2020 Simply Business. B Corporation status can be achieved by receiving accreditation from B Lab (a non-profit organisation). For some, B Corp status could be seen as suppressing agility and restricting the ability to focus on profit. As B Corporations will need to take decisions not necessarily around profit maximisation, investors are rightly cautious that such a certification could inhibit growth and flexibility (a commonly cited perceived tradeoff is cost base vs ethical supply chain). If you have any questions about how the legal requirement for B Corp Certification applies to companies in the UK, please contact us at hello@bcorporation.uk. What do Ben and Jerry’s, Patagonia, Bulb, Propercorn, and Abel & Cole all have in common? B Corporations sind Unternehmen, die dies erkennen und sich in ihren Statuten zu gesellschaftlichem Mehrwert und ökologischer Nachhaltigkeit bekennen. February is B Corp month, but what does that mean, and what exactly is a B Corp? Danone Waters UK and Ireland, whose brands locally include evian and Volvic, has announced its certification as a B Corporation. It’s early days but there is evidence certification drives performance. Kate says the best opportunity for B Corps to meet, share ideas and best practice, and to learn from fellow innovators is at the annual UK retreat. The B Impact Assessment evaluates how your company’s operations and business model impact your workers, community, environment, and customers. Whether it’s giving back to the community through charity fundraising, or our dedicated team of people working out how we can minimise our impact on the environment – in ways both big and small – we’re driven to find new ways to support our workers, help others, and help preserve our world. If your consumers, employees or investors are suggesting sustainability is informing their choices, make yours accordingly. LEARN MORE ABOUT B CORPS Join Our Team. At B Lab, we pride ourselves on creating an inclusive and flexible workplace that allows all staff to flourish. 2. Certification needs to be renewed every three years and there is an annual fee, which scales with revenue and starts at £500. At the same time, Danone’s UK Essential Dairy & Plant-based business (EDP) – whose brands include Actimel and Activia – … Best Companies are specialists in workplace engagement & employee engagement. She also likes that the B can mean “better” – so “better corporation” – which is what companies with B Corp status are aiming to be. Complete the B Impact Assessment. Transparent, third-party verified reviews so you can see how their real … Our Workforce of the future study highlights four work scenarios, including the “Green World”. The B Impact Assessment requires data from the last 12 months, so you’ll have to wait until you’re a year old for full status. With February as B Corp month, it gives B Corps the opportunity to talk about what makes them a B Corp, and the incredible and innovative policies and practices that they have, but often don’t get to shout about. The accreditation recognises our strong track record of having a positive impact on people, society and the environment – and our commitment to do more in future. The B Corp Certification is a third-party certification administered by the non-profit B Lab, based in part on a company's verified performance on the B Impact Assessment. We register company information and make it available to the public. We also hear a lot of confusion about the difference between a “B Corp” and a “benefit corporation.”. It is to businesses what Fair Trade is to coffee. */ We live in a world where business needs to be part of the solution to our greatest challenges. B Corp certification requires thinking beyond profit in creating and delivering your organisational strategy. Are you considering becoming a B Corp? B Corporation Australia & New Zealand We value and embrace diversity of identities, experiences, thoughts, needs, and approaches. At the time of writing there are 2,778 B Corp organisations worldwide, in 60 countries. What does B Corp mean? An online community for certified B Corporations in the UK, and those interested in the B Corp movement. B Corp certification guarantees that a business is measuring its environmental and social impact and B Corps commit to transparency by publishing their score online. One thing is for certain; in 2018 the volume of discussion on B Corps increased significantly and investors and management teams will need to think through where they stand on B Corps. It was originally derived from “benefit corporation”, a type of US corporate structure, but B Corp means many things to many people. Are manufacturers unlocking the full benefits of digital... We surveyed 162 PE firms and their investors to explore just how they were implementing and developing their responsible investment approach. About B Corps; Certification; B Economy; For B Corps; B Corp Directory; B Corp Way; SDG Action Manager; COVID-19; A Global Community of Leaders. Subscribe to our monthly newsletter and follow us on social media. B Corps are transparent about their operating practices and are held to a high standard of legal accountability. In the UK alone there are now 160 Certified B Corporations. “Simply Business was a great company to work with – and for such a large organisation we expected the process to take longer than 3 months.” said Kate. Legally, you are then required to make decisions which consider all these factors, not exclusively profit maximisation. The benefit corporation is a legal structure for a business, like an LLC or a corporation. Here's all you need to know about this exciting movement, and how to turn your business into a B Corp . 18 talking about this. We create this content for general information purposes and it should not be taken as advice. The Manufacturer’s Annual Manufacturing Report is the barometer for the UK manufacturing industry. We are transparent, quick to listen, and informed to act. For companies looking to certify as a B Corp in the UK, we have a step by step guide for amending your constitutional documents to include the B Corp legal language (the “ Legal Test ”). In 2015 the initiative launched in the UK and there are now 193 B Corporations, including household names: Propercorn, JoJo Maman Bebe, Innocent drinks and Abel & Cole. Always take professional advice. It was originally derived from “benefit corporation”, a type of US corporate structure, but B Corp means many things to many people. As part of this process, you meet virtually with the B Lab team to submit any confidential documentation and to sense check your responses. Great! B Corp UK Nonprofit Organization Management London, London 11,591 followers Certified B Corporations are businesses that meet the highest standards of social and environmental performance. Our engagement survey powers the Sunday Times Best Companies to Work For list. A commitment to the environment and society is increasingly on everyone’s agenda. Xbridge Limited (No: 3967717) has its registered office at 6th Floor, 99 Gresham Street, London, EC2V 7NG. The kinds of jobs you’ll love going to every day, where you can bring your whole self to work. Updated: Jun 12, 2019 Published: Apr 30, 2019 . Unilever has also engaged strongly in the B Corp movement, owning 5 B Corp brands including possibly the most recognisable B Corp of all: Ben & Jerry's'. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. linktr.ee/BCorpUK. Not only that, but the criteria are dynamic, making sure that B Corps are always moving with the times and are on the cutting edge of what “good” looks like in the current world. Certified B Corps are a new kind of business that balances purpose and profit. We give and seek continuous feedback and use every opportunity to learn. New hires are increasingly looking to an organisation’s ethical credentials before they agree to take on a role. Die Benefit Corporation (B-corporation) ist eine seit 2010 in vielen Bundesstaaten der USA eingeführte Unternehmensform, mit der Gemeinwohl und privatwirtschaftlicher Nutzen besser vereinbar gemacht werden sollen. Toggle navigation Certified B Corporation. Many investors are also positively screening for B Corps to check a potential investment fits with their organisations values. “It just shows that if you are already measuring your impact on your people and the planet, then the certification process doesn’t have to take that long! B Corp status requires a certain level of due diligence, which means future investors can have more trust in a B Corp and potentially less cost when they perform their own. Certification requires a score of at least 80 (out of 200) against 5 areas of impact: Governance, Community, Workers, Environment and Customers. Not only does charitable giving have benefits for society, a study reveals it could be good for business – with some businesses seeing a…, Technology in business moves so fast it can be difficult to keep up, with things only seen in science fiction 20 years ago now becoming…. 6th Floor.css-v27edy{display:block;height:10px;}99 Gresham StreetLondonEC2V 7NG, Sol House29 St Katherine's StreetNorthamptonNN1 2QZ. It demonstrates to the world around you – your stakeholders, your employees, your customers, and everyone else – that you’re committed to being a force for good in the world. The time taken to achieve accreditation varies with each organisation and its complexity, but the process typically takes four to six months. Industries. How do B Corps work? Similar legal forms have also been passed in Italy and Colombia and are being proposed in several other countries, including the UK. Becoming a B Corp can have obvious benefits; like a positive impact on brand equity and greater recruitment appeal, but there are also some less obvious ones. Browse the B Corp community using the tool below or click here to find B Corps near you. by Poppy Mortiboys-Harrison. Originally founded in the US, there are B Lab offices across Europe, South America, Australia and East Africa and each one is working to expand and support the community of … We’ve broken it down so you can find out all about a new breed of companies working for more than profit – Simply Business included. Some companies are both Certified B Corporations and benefit corporations, and the benefit corporation … In the Articles of Association you must include a commitment "to promote the success of the company for the benefit of its members and, through its business and operations, to have a material positive impact on society and the environment, taken as a whole". Spread the word. 47 talking about this. They exist to help companies be better – better for the world, not just for them and their shareholders. B All That You Can B! The B Corp Certification is a third-party certification administered by the non-profit B Lab, based in part on a company's verified performance on the B Impact Assessment. Die Benefit Corporation ist ein Rechtsstatus, der durch bundesstaatliches Recht in den USA verliehen wird. It was originally derived from “benefit corporation”, a type of US corporate structure, but B Corp means many things to many people. If you are looking for investment in the future it is worth considering now who you are targeting and their likely response to your B Corp status. For a conversation around B Corps, contact us. For many, positive sustainability credentials gives your brand a competitive edge and keeps you on top of their mental shopping list. A C corporation may change to a B corporation merely by stating in its approved corporate bylaws that it is a benefit corporation; however in certain jurisdictions (especially Delaware), the terms "public benefit corporation" or "PBC" are also required to be in the legal name of B corporations. You can read more about our efforts over at our social impact page. It can drive performance - in a B Lab & Ella’s Kitchen survey UK B Corps reported an average growth rate significantly higher than the national average. But for others it is an opportunity to achieve competitive advantage, as well as benefiting the wider world. We find leverage and spend o… Get the latest BBC News: breaking news, features, analysis and debate plus audio and video content from England, Scotland, Wales and Northern Ireland. Private equity houses too are coming under scrutiny. Certification requires a score of at least 80 (out of 200) against 5 areas of impact: Governance, Community, Workers, Environment and Customers. Certification needs to renewed every three years and there is an annual fee, scaled according to revenue and starting at $500. Countries. As well as incredible conversations, last year’s retreat involved wild swimming, running, yoga and meditation – great ways to bond. All rights reserved. Propercorn, Pukka, and Obrigado are just a few you might have heard of that have pledged to ensure that their environmental and social performance is equal in importance as the financial success of the company. Keep up to date with Simply Business. The B in B Corp is open to interpretation. For companies looking to certify as a B Corp in the UK, we have a step by step guide for amending your constitutional documents to include the B Corp legal language (the “Legal Test”). Find this article useful? B Lab promotes mission-aligned legal structures like the benefit corporation in the USA, which joins the interests of business with those of society. After completing this assessment, B Lab then assesses and verifies that your score meets the certification standards. They’re a not-for-profit organisation headquartered in the USA with offices all over the world. For companies looking to certify as a B Corp in the UK, we have a step by step guide for amending your constitutional documents to include the B Corp legal language (the “Legal Test”). We spoke to Kate Sandle, Community Manager for B Corp UK, whose favourite interpretation of B Corp comes from Ghandi – “Be the change you wish to see in the world”. Certified B Corporations are legally required to consider the impact of their decisions on all their stakeholders. Simply Business is a trading name of Xbridge Limited which is authorised and regulated by the Financial Conduct Authority (Financial Services Registration No: 313348). Inc. called B Corp status “the highest standard for socially responsible businesses”. Benefit corporations are legally empowered to pursue positive stakeholder impact alongside profit. Some companies are both Certified B … How to become a UK B Corp. B Corporations – B Corps for short – are taking the business world by storm. In a B Lab survey, UK B Corps reported average revenue growth of 14% year-on-year since launch in 2015. Companies. Certified B Corporations are a new kind of business that balance purpose and profit. 4. These factors and an increasing number of B Corp acquisitions mean more and more business will look favourably on B Corp certification. The pace of change is accelerating and we are seeing more and more consumer goods organisations take the B Corp plunge. In order to become B Corp certified, you have to be assessed by B Lab and meet the required standards. They make decisions that make a positive impact across their workers, customers, suppliers, community, and the environment. Simply Business - Insurance for your business. Status. This is a community of leaders, driving a global movement of … 3,608. “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. The benefit corporation is a legal structure for a business, like an LLC or a corporation. Certified B Corporations are a new kind of business that balances purpose and profit. Companies have to be recertified every two years, and if they fail to meet the set criteria, they lose their B Corp status. But, in the meantime, you can demonstrate your commitment to being a socially responsible business and engage as a “soon-to-B” peer with a community of more than 1,000 Certified B Corps. In the UK, the B Corp community stands at around 360 companies, and includes well-known brands such as The Guardian, innocent, Patagonia, The Body Shop, and organic food pioneers Abel & Cole. There are three steps to the process: Any for-profit business can become a B Corp, no matter its size, so long as it’s been operating for at least 12 months. Please see www.pwc.com/structure for further details. The term B Corp stands for ‘B Corporation ’, and the people behind the B Corp certification are called B Lab. Apr 30, 2019 locally include evian and Volvic, has announced certification. Organisation ’ s annual Manufacturing Report is the barometer for the betterment of the future study four! Element in company statements also been passed in Italy and Colombia and are to... Create this content for general information purposes and it should not be taken advice. Gesellschaft und Kund * innen messen are increasingly looking to an organisation ’ s early days to... 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