coLAB is a Proudly Certified B Corporation!
What is B Corp?
Certified B Corporations are a new type of corporation which uses the power of business to solve social and environmental problems.
B Corp certification is to sustainable business what Fair Trade certification is to coffee or a USDA Organic certification is to milk. The B Corp community is made up of 2,100 companies in 27 countries from 60 industries with 1 unifying goal: to redefine success in business.
B Corps are certified by the nonprofit B Lab. To become certified, a company must:
1) Meet the Performance Requirement: Complete the B Impact Assessment and earn a reviewed minimum score of 80 out of 200 points.
2) Make it Official: Sign a Term sheet and Declaration of Interpendence.
coLAB achieved a 111.6 on the B Impact Assessment, placing us significantly above average score of 80! We continue to strive for excellence, and surpassing expectations when it comes to our business.
What B Corp Means to coLAB
B Corp is a global movement redefining success in business. By choosing to meet higher standard of transparency and performance, coLAB offers a positive vision of doing business better by leading through example.
Reflection of Our Values
We like to surround ourselves with like-minded individuals and companies—those that believe in giving back and making the world a better place. B Corp reflects the values, mission, and vision upon which coLAB continually strives to uphold and operate on.
We became a B Corp because we believe that doing business goes beyond the financial performance of a company.It’s important to allow our clients and partners to see our business practices as well as our commitment to sustainability.
Improving Ourselves and Others
The B Corp Impact Assessment showed us our strengths, and will guide us in the future to help us reach our greatest potential. We strive to better ourselves, and the communities we are a part of.
About B Lab®
B Lab is a nonprofit organization that serves a global movement of people using business as a force for good. Its vision is that one day all companies compete not only to be the best in the world, but the Best for the World® and as a result society will enjoy a more shared and durable prosperity.
Learn more about B Corp, B Lab, and certification here: https://www.bcorporation.net/