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B Impact Assessment

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B Corp Certification Requirements

To certify as a B Corp, you must:

1

To be an independent legal entity for profit

  • The company must have more than 12 months of operations*. 
  • It must operate in a competitive market.
  • It must be a complete and distinct business, with an independent executive team, which performs individual accountability of the company.
  • You must have control over the purchase of products and the impact on the supply chain.

*The first formal purchase contract with a significant supplier, or a person working full time in the company is considered as the start of operations. The date of legal incorporation of the company is not considered.

2

Comply with performance requirements

Achieve a verified score of +80 points on the B Impact Assessment™  and undergo a background and potential risk check. 

It is important to note that the company must disclose its relationship with controversial or negative industries or practices in the Disclosure Questionnaire. There is Controversial Industries for which there is a B Lab™ defined position that may include additional requirements.

3

Comply with the legal liability requirement

B Corp™ are legally required to consider the impact of their decisions on all their stakeholders, incorporating this commitment in their bylaws. Review the legal requirements guide to find the text you should include in your bylaws according to your country. Also, please note that one way to comply with the legal liability requirement is by adopting the legal form of an BIC Society.

4

Comply with transparency and verification requirements

B Corps make public the scores obtained during the certification process in the B Corps Directory.

5

Sign the Declaration of Interdependence

By becoming certified, B Corporations make a commitment to live the values of the B Movement and together advance the vision of People Using Business as a Force for Good™ .

6

Make the corresponding payments

To advance in the certification, it is necessary to make two payments: first, the Fee of Applicationwhich allows to initiate the verification process of the B Impact Assessment . Then, once the certification has been obtained, you must pay the Fee Annual CertificationThe amount varies according to the company's turnover range.