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B Corporation (certification)

Index B Corporation (certification)

B Corporation certification (also known as B Lab certification or B Corp certification) is a private certification issued to for-profit companies by B Lab, a global non-profit organization with offices in the United States, Europe, Canada, Australia, New Zealand and a partnership in Latin America with Sistema B. To be granted and to preserve certification, companies must receive a minimum score on an online assessment for "social and environmental performance", satisfy the requirement that the company integrate B Lab commitments to stakeholders into company governing documents, and pay an annual fee ranging from $500 to $50,000. [1]

38 relations: Afghanistan, Argentina, Articles of incorporation, Australia, B Lab, Benefit corporation, Brazil, By-law, California State Assembly, Canada, Chile, Colombia, Corporate governance, Corporate law, Delaware General Corporation Law, Employee engagement, Environmental issue, Fast Company (magazine), For-profit corporation, Harvard Business Review, Incorporation (business), Latin America, Legal person, Low-profit limited liability company, Oxford University Press, Secondary sector of the economy, Social business, Social impact assessment, Social purpose corporation, Social sustainability, South Africa, Stakeholder (corporate), Stakeholder theory, Sustainability reporting, Uruguay, Wake Forest Law Review, Yale School of Management, 501(c) organization.

Afghanistan

Afghanistan (Pashto/Dari:, Pashto: Afġānistān, Dari: Afġānestān), officially the Islamic Republic of Afghanistan, is a landlocked country located within South Asia and Central Asia.

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Argentina

Argentina, officially the Argentine Republic (República Argentina), is a federal republic located mostly in the southern half of South America.

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Articles of incorporation

Articles of incorporation, also referred to as the certificate of incorporation or the corporate charter, is a document or charter that establishes the existence of a corporation in the United States and Canada.

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Australia

Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania and numerous smaller islands.

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B Lab

B Lab is a non-profit organization headquartered in Wayne, Pennsylvania, which created, and awards, the B Corporation certification for for-profit organizations.

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Benefit corporation

In the United States, a benefit corporation is a type of for-profit corporate entity, authorized by 33 U.S. states and the District of Columbia that includes positive impact on society, workers, the community and the environment in addition to profit as its legally defined goals.

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Brazil

Brazil (Brasil), officially the Federative Republic of Brazil (República Federativa do Brasil), is the largest country in both South America and Latin America.

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By-law

A by-law (bylaw) is a rule or law established by an organization or community to regulate itself, as allowed or provided for by some higher authority.

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California State Assembly

The California State Assembly is the lower house of the California State Legislature.

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Canada

Canada is a country located in the northern part of North America.

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Chile

Chile, officially the Republic of Chile, is a South American country occupying a long, narrow strip of land between the Andes to the east and the Pacific Ocean to the west.

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Colombia

Colombia, officially the Republic of Colombia, is a sovereign state largely situated in the northwest of South America, with territories in Central America.

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Corporate governance

Corporate governance is the mechanisms, processes and relations by which corporations are controlled and directed.

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Corporate law

Corporate law (also known as business law or enterprise law or sometimes company law) is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses.

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Delaware General Corporation Law

The Delaware General Corporation Law (Title 8, Chapter 1 of the Delaware Code) is the statute governing corporate law in the U.S. state of Delaware.

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Employee engagement

Employee Engagement is a fundamental concept in the effort to understand and describe, both qualitatively and quantitatively, the nature of the relationship between an organization and its employees.

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Environmental issue

Environmental issues are harmful effects of human activity on the biophysical environment.

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Fast Company (magazine)

Fast Company is a monthly American business magazine published in print and online that focuses on technology, business, and design.

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For-profit corporation

A for-profit corporation is an organization which aims to earn profit through its operations and is concerned with its own interests, unlike those of the public (non-profit corporation).

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Harvard Business Review

Harvard Business Review (HBR) is a general management magazine published by Harvard Business Publishing, a wholly owned subsidiary of Harvard University.

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Incorporation (business)

Incorporation is the formation of a new corporation (a corporation being a legal entity that is effectively recognized as a person under the law).

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Latin America

Latin America is a group of countries and dependencies in the Western Hemisphere where Spanish, French and Portuguese are spoken; it is broader than the terms Ibero-America or Hispanic America.

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Legal person

A legal person (in legal contexts often simply person, less ambiguously legal entity) is any human or non-human entity, in other words, any human being, firm, or government agency that is recognized as having privileges and obligations, such as having the ability to enter into contracts, to sue, and to be sued.

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Low-profit limited liability company

A low-profit limited liability company (L3C) is a legal form of business entity in the United States that was created to bridge the gap between non-profit and for-profit investing by providing a structure that facilitates investments in socially beneficial, for-profit ventures by simplifying compliance with Internal Revenue Service rules for program-related investments, a type of investment that private foundations are allowed to make.

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Oxford University Press

Oxford University Press (OUP) is the largest university press in the world, and the second oldest after Cambridge University Press.

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Secondary sector of the economy

The secondary sector of the economy includes industries that produce a finished, usable product or are involved in construction.

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Social business

Social business was defined by Nobel Peace Prize laureate Professor Muhammad Yunus and is described in his books.

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Social impact assessment

Social impact assessment (SIA) is a methodology to review the social effects of infrastructure projects and other development interventions.

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Social purpose corporation

A social purpose corporation (SPC) is a type of for-profit entity in some U.S. states that enables corporations to consider social or environmental issues in decision making instead of relying only on profit-maximizing goals.

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Social sustainability

Social life is the least defined and least understood of the different ways of approaching sustainability and sustainable development.

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South Africa

South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa.

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Stakeholder (corporate)

In a corporation, as defined in its first usage in a 1963 internal memorandum at the Stanford Research Institute, a stakeholder is a member of the "groups without whose support the organization would cease to exist".

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Stakeholder theory

The stakeholder theory is a theory of organizational management and business ethics that addresses morals and values in managing an organization.

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Sustainability reporting

A sustainability report is an organizational report that gives information about economic, environmental, social and governance performance.

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Uruguay

Uruguay, officially the Oriental Republic of Uruguay (República Oriental del Uruguay), is a sovereign state in the southeastern region of South America.

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Wake Forest Law Review

The Wake Forest Law Review is a law journal edited and published by students at the Wake Forest University School of Law.

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Yale School of Management

The Yale School of Management (also known as Yale SOM) is the graduate business school of Yale University and is located on Whitney Avenue in New Haven, Connecticut, United States.

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501(c) organization

A 501(c) organization is a nonprofit organization in the federal law of the United States according to and is one of 29 types of nonprofit organizations exempt from some federal income taxes.

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Redirects here:

B Corporation certification, B corporation (certification), B corporation certification, Sistema B.

References

[1] https://en.wikipedia.org/wiki/B_Corporation_(certification)

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