B Corp

About B Corp®

About B Lab®

Certified B Corporations are leaders of a global movement of people using business as a force for good. They meet the highest standards of overall social and environmental performance, transparency and accountability and aspire to use the power of business to solve social and environmental problems.

 

 

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.

FAQ

What is a Certified B Corporation?

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.

Why do B Corps matter?

Certified B Corporations are leading a global movement to redefine success in business. By voluntarily meeting higher standards of transparency, accountability, and performance. Certified B Corps are distinguishing themselves by offering a positive vision of doing business better.

Why did coLAB decide to become a B Corp?

B Corp reflects the values, mission, and vision upon which coLAB continually  strives to uphold and operate on. We became B Corp because we believe that doing business goes beyond the financial performance of a company. The B Corp Impact Assessment will serve as a roadmap and guide to become a better organization over the years.

B Corporation’s values are aligned with everything we believe in. It’s important to allow our clients and partners to see our business practices as well as our commitment to sustainability. We surround ourselves with like-minded individuals and companies—those that believe in giving back and making the world a better place.

How did we become certified? 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.

Who are the B Corporations?

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.