B Corp companies have a certification to say they meet high standards of social and environmental performance, accountability, and transparency.
B Corp or B Corporations are companies that have achieved a certification to say they meet high standards of social and environmental performance, accountability, and transparency.
B Corp businesses act in ways that benefit society as a whole. They are not just about profits, but are also driven to achieve social and environmental good. It is a huge global movement which aims to reshape local economies to prioritise people and the planet and drive policy change with governments.
B Corp certification is about the way a business is run, how the staff are treated, how the business uses energy, resources and treats the environment. The certification process involves completing an in-depth and rigorous Impact Assessment, which measures the positive impact of the company in areas of governance, workers, community and the environment. There is a one-off fee when a company applies.
Achieving B Corp status sends a clear message to stakeholders, including investors, employees and suppliers about a business. Commercial benefits are that the treatment of staff is likely to attract top talent and the B Corp logo will reassure customers who are increasingly buying from companies that they believe behave in an ethical and sustainable way.
Do you need further assistance?
InterTradeIreland support can be accessed by engaging with our chat function. You may also be eligible for fully funded consultancy advice, subject to criteria.
Simply click the icon at the bottom right to get started.
Article reviewed: May 2023