B Lab is announced by LAB new standards for the B Corp certification. It is the greatest revision in the 19-year history of the non-profit organization and follows a multi-year consultation process with contributions from companies, experts: inside and civil society organizations, according to the press release from B Lab.
Almost 10,000 companies in 160 industries B Corp are certified worldwide. In order to obtain a B CORP certificate, a brand is checked using various sustainability pillars. For example, the working conditions and the environmental impact are taken into account. At least 80 out of 200 points in the B Impact assessment are required for a certificate. In the fashion industry, Patagonia (166 points), Fabienne Chapot (86.3 points) and Ganni (90.6 points) have a B Corp certification.
B CORP changes: From the point system to binding services within seven subject areas
B Lab is now saying goodbye to the known point system for a B CORP certification. Instead, companies have to provide binding services within seven subject areas and meet new guidelines. The non-profit organization emphasizes that these guidelines help companies consistently create values for all stakeholders. According to B Lab, the new standards fit international sustainability frames such as GRI, SBTI and Fairtrade. The guidelines are accessible free of charge via the B Impact Platform and serve as an open source blossom for corporate social responsibility.
- Purpose & Stakeholder Governance-companies have to act after a clear mission, whereby the interests of all stakeholders are involved in decision-making.
- Climate protection – companies develop a specific action plan to limit the warming to 1.5 degrees Celsius. Large companies have to show their emissions according to science -based goals.
- Human rights – companies identify risks of human rights violations and act preventively, both within their own company and in their supply chain.
- Fair work – employees must be able to rely on fair wages, good working conditions and the inclusion in decisions.
- Environmental management and circular economy – companies must measure and actively reduce their environmental impacts, both within the company and in the supply chain.
- Justice, equality, diversity & inclusion – companies ensure inclusive and various jobs and contribute to just and equal communities.
- Public affairs and collective action – companies play a leading role in promoting a common understanding and the implementation of solutions for a fair, inclusive and regenerative economy. This role includes a fair and responsible contribution to the economy and infrastructure of its countries.
A new review takes place after three and five years. Companies have to prove that they actually make progress.
“In a world that is already affected by a climate crisis, with enormous losses of biodiversity every year and increasing social inequality, adequate legislation remains. B Lab offers a clear framework for effective entrepreneurship with these renewed B Corp standards. Current, consistent and future-oriented. Soest, Executive Director of B Lab Benelux.
Judy Rodrigues, Director of Standards from B Lab Global, emphasizes the broad approach: “After four years, two public consultations and 26,000 feedback from companies, experts and the public, we are convinced that these standards are clear, ambitious and able to raise the standard worldwide.”
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