A New Kind of Corporation For a New Economy
B Corps are a new type of corporation which uses the power of business to solve social and environmental problems. The vision is simple yet ambitious: to create a new sector of the economy comprised of B (for benefit) corporations that meets rigorous and independent standards of social and environmental performance, accountability, and transparency.
B CORPS OUTPERFORM TRADITIONAL BUSINESSES
Not only are B Corps making a tangible difference in the world, they are doing it by outperforming old school business. Evidence proves that B Corps – as innovative, forward-thinking businesses – are typically better-managed companies. Since the global financial crisis in 2008, B Corps have been three times less likely to fail than equivalent non-B Corp companies.
CERTIFICATION CONSUMERS TRUST
B Corps are certified through a rigorous screening process administered through B-Labs, an independent non-profit organization. To qualify as a B Corp, a firm must have an explicit social or environmental mission, and a fiduciary responsibility to take into account the interests of workers, the community and the environment as well as its shareholders. It must also publish independently verified reports on its social and environmental impact alongside its financial results.