Transparent, third-party verified reviews so you can see how their real … Sustainability is now mainstream. We incorporate and dissolve limited companies. Complete the B Impact Assessment. Here corporate responsibility isn't a nice-to-have but a business imperative. Whether it’s giving back to the community through charity fundraising, or our dedicated team of people working out how we can minimise our impact on the environment – in ways both big and small – we’re driven to find new ways to support our workers, help others, and help preserve our world. The B Corp Certification is a third-party certification administered by the non-profit B Lab, based in part on a company's verified performance on the B Impact Assessment. In 2015 the initiative launched in the UK and there are now 193 B Corporations, including household names: Propercorn, JoJo Maman Bebe, Innocent drinks and Abel & Cole. Whilst there is a growing community of investors who find B Corp status appealing it is still early days. It can improve the saleability of an organisation too - Investors are also looking to bring diversity to their portfolios and there may be less due diligence required in a B Corp sale. Many clients ask us about becoming a B Corp and whether it’s right for them. A commitment to the environment and society is increasingly on everyone’s agenda. In the UK, the B Corp community stands at around 360 companies, and includes well-known brands such as The Guardian, innocent, Patagonia, The Body Shop, and organic food pioneers Abel & Cole. For companies looking to certify as a B Corp in the UK, we have a step by step guide for amending your constitutional documents to include the B Corp legal language (the “Legal Test”). PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Well, B Corp certified companies strive not only for profits, but but for the betterment of the world around them. For all it’s more and more important investments are diverse, inclusive and accountable. B Lab certifies companies based on how they create value for non-shareholding stakeholders, such as their employees, the local community, and the environment. B Corp status is a long term commitment and needs to be resourced accordingly with the appropriate checks and measures in place. The initial step is to complete an on-line assessment (B Impact Assessment). Toggle navigation Certified B Corporation. Browse the B Corp community using the tool below or click here to find B Corps near you. Certification needs to be renewed every three years and there is an annual fee, which scales with revenue and starts at £500. They’re a not-for-profit organisation headquartered in the USA with offices all over the world. Not only does charitable giving have benefits for society, a study reveals it could be good for business – with some businesses seeing a…, Technology in business moves so fast it can be difficult to keep up, with things only seen in science fiction 20 years ago now becoming…. In the Articles of Association you must include a commitment "to promote the success of the company for the benefit of its members and, through its business and operations, to have a material positive impact on society and the environment, taken as a whole". Danone Waters UK and Ireland, whose brands locally include evian and Volvic, has announced its certification as a B Corporation. It was originally derived from “benefit corporation”, a type of US corporate structure, but B Corp means many things to many people. In 2015 the initiative launched in the UK and there are now 193 B Corporations, including household names: Propercorn, JoJo Maman Bebe, Innocent drinks and Abel & … The term B Corp stands for ‘B Corporation ’, and the people behind the B Corp certification are called B Lab. With sustainability still perceived as a ‘nice to have’ in some industries, a pandemic might not seem the time to focus on ESG.. What retail might look like in 2020, what this means for retailers and how to succeed in a changing environment. How to become a UK B Corp. B Corporations – B Corps for short – are taking the business world by storm. They make decisions that make a positive impact across their workers, customers, suppliers, community, and the environment. Companies. It’s early days but there is evidence certification drives performance. Die Benefit Corporation (B-corporation) ist eine seit 2010 in vielen Bundesstaaten der USA eingeführte Unternehmensform, mit der Gemeinwohl und privatwirtschaftlicher Nutzen besser vereinbar gemacht werden sollen. We create this content for general information purposes and it should not be taken as advice. They use ESG specialists to show their backers that their portfolios reflect positive standards and best practice. After completing this assessment, B Lab then assesses and verifies that your score meets the certification standards. Not only that, but the criteria are dynamic, making sure that B Corps are always moving with the times and are on the cutting edge of what “good” looks like in the current world. There are three steps to the process: Any for-profit business can become a B Corp, no matter its size, so long as it’s been operating for at least 12 months. Sign up for our monthly newsletter and get the inside track on the issues that matter to you. Spread the word. Always take professional advice. If you have any questions about how the legal requirement for B Corp Certification applies to companies in the UK, please contact us at hello@bcorporation.uk. As well as incredible conversations, last year’s retreat involved wild swimming, running, yoga and meditation – great ways to bond. B Corps have been around in the US since 2007, with brands like Ben & Jerry's and Patagonia achieving certification. The benefit corporation is a legal structure for a business, like an LLC or a corporation. Is your organisation able and ready to have a change in mindset? The kinds of jobs you’ll love going to every day, where you can bring your whole self to work. They exist to help companies be better – better for the world, not just for them and their shareholders. One thing is for certain; in 2018 the volume of discussion on B Corps increased significantly and investors and management teams will need to think through where they stand on B Corps. It is to businesses what Fair Trade is to coffee. Are manufacturers unlocking the full benefits of digital... We surveyed 162 PE firms and their investors to explore just how they were implementing and developing their responsible investment approach. Our studies show that the UK consumer is becoming more cautious with their money. What do Ben and Jerry’s, Patagonia, Bulb, Propercorn, and Abel & Cole all have in common? Certifying as a B Corporation goes beyond product- or service-level certification. You’ll need to score at least 80 out of a maximum 200, Make sure you meet the legal requirements and work on what amendments you can make if you don’t currently, Sign the B Corp Declaration of Interdependence and Term Sheet, making your status official, See how we're making a positive social impact, Simply Business staff raise £20,000 for Whizz Kidz as they trek the Alps. Certification requires a score of at least 80 (out of 200) against 5 areas of impact: Governance, Community, Workers, Environment and Customers. LEARN MORE ABOUT B CORPS Recognized as one of Fast Company’s 2020 Most Innovative Companies, our team at B Lab is innovative and enthusiastic about building an inclusive and sustainable economy.Our teams are all working remotely through the end of June 2021. “We are pleased to have such a committed business join our community, and they're already great ambassadors of the B Corp movement.”. These factors and an increasing number of B Corp acquisitions mean more and more business will look favourably on B Corp certification. Find this article useful? © Copyright 2020 Simply Business. 3,608. 47 talking about this. An online community for certified B Corporations in the UK, and those interested in the B Corp movement. Our Workforce of the future study highlights four work scenarios, including the “Green World”. The accreditation recognises our strong track record of having a positive impact on people, society and the environment – and our commitment to do more in future. Certified B Corporations are social enterprises verified by B Lab, a nonprofit organization. It demonstrates to the world around you – your stakeholders, your employees, your customers, and everyone else – that you’re committed to being a force for good in the world. Industries. Private equity houses too are coming under scrutiny. The B Impact Assessment evaluates how your company’s operations and business model impact your workers, community, environment, and customers. They are legally required to consider the impact of their decisions on their workers, customers, suppliers, community, and the environment. Great! B All That You Can B! The benefit corporation is a legal structure for a business, like an LLC or a corporation. Join Our Team. The B Corporation or “B Corp” is a certification issued by the organization B Lab Company to sustainable for-profit businesses that meet rigorous standards of social and environmental performance, accountability, and transparency. But as well as demonstrating your commitment, you also get access to a whole wealth of information and new opportunities. At the same time, Danone’s UK Essential Dairy & Plant-based business (EDP) – whose brands include Actimel and Activia – … The B Impact Assessment requires data from the last 12 months, so you’ll have to wait until you’re a year old for full status. 74. Benefit corporations are legally empowered to pursue positive stakeholder impact alongside profit. 30 of the UK’s B Corps are management consulting firms – with smaller and boutiques being the only firms to take up the scheme so far. Xbridge Limited (No: 3967717) has its registered office at 6th Floor, 99 Gresham Street, London, EC2V 7NG. Certified B Corporations are legally required to consider the impact of their decisions on all their stakeholders. With February as B Corp month, it gives B Corps the opportunity to talk about what makes them a B Corp, and the incredible and innovative policies and practices that they have, but often don’t get to shout about. Environmental, Social and Governance (ESG) is now a key element in company statements. At the time of writing there are 2,778 B Corp organisations worldwide, in 60 countries. B Corporation UK. B Corps make this legal change by updating their Articles of Association, reincorporating as benefit companies and benefit corporations, or making other structural changes. We spoke to Kate Sandle, Community Manager for B Corp UK, whose favourite interpretation of B Corp comes from Ghandi – “Be the change you wish to see in the world”. B Corporation certification (assessed by the not-for-profit B Lab) is given to for-profit organisations who achieve at least a minimum score against a set of social and environmental standards. SUSTAINABLE 1. As part of this process, you meet virtually with the B Lab team to submit any confidential documentation and to sense check your responses. Inc. called B Corp status “the highest standard for socially responsible businesses”. The pace of change is accelerating and we are seeing more and more consumer goods organisations take the B Corp plunge. In 2012, Corporate Knights decided to … We register company information and make it available to the public. For a conversation around B Corps, contact us. (Source: www.bcorporation.uk), B Corporations in 2020 and how they've been impacted by Covid. We find leverage and spend o… But for others it is an opportunity to achieve competitive advantage, as well as benefiting the wider world. */ We live in a world where business needs to be part of the solution to our greatest challenges. Subscribe to our monthly newsletter and follow us on social media. Some companies are both Certified B … linktr.ee/BCorpUK. This is a community of leaders, driving a global movement of … 18 talking about this. Propercorn, Pukka, and Obrigado are just a few you might have heard of that have pledged to ensure that their environmental and social performance is equal in importance as the financial success of the company. The Manufacturer’s Annual Manufacturing Report is the barometer for the UK manufacturing industry. Certified B Corporations are a new kind of business that balance purpose and profit. Brands are having to fight harder to win. If your consumers, employees or investors are suggesting sustainability is informing their choices, make yours accordingly. This includes their employees and their customers, as well as society at large and the environment – both locally and globally. As B Corporations will need to take decisions not necessarily around profit maximisation, investors are rightly cautious that such a certification could inhibit growth and flexibility (a commonly cited perceived tradeoff is cost base vs ethical supply chain). Manager in Corporate Finance M&A ICAEW Chartered Accountant, PwC United Kingdom. B Corps are businesses that meet the highest standards of social and environmental performance. 150. The Devon-based company scored 124.6 out of 200 in its first B Corp assessment, becoming the second highest-scoring food business overall in the UK … To buy from the B Corp community, head to the online B Corp Shop at Waitrose and Boots. Some companies are both Certified B Corporations and benefit corporations, and the benefit corporation … The B Corp Certification is a third-party certification administered by the non-profit B Lab, based in part on a company's verified performance on the B Impact Assessment. Certified B Corporations. Becoming a B Corp can have obvious benefits; like a positive impact on brand equity and greater recruitment appeal, but there are also some less obvious ones. B Corp certification guarantees that a business is measuring its environmental and social impact and B Corps commit to transparency by publishing their score online. Many investors are also positively screening for B Corps to check a potential investment fits with their organisations values. It can drive performance - in a B Lab & Ella’s Kitchen survey UK B Corps reported an average growth rate significantly higher than the national average. She also likes that the B can mean “better” – so “better corporation” – which is what companies with B Corp status are aiming to be. An online community for certified B Corporations in the UK, and those interested in the B Corp movement. Having B Corp certification shows your potential new recruits this is fundamental and increases your likelihood of getting that great new hire. Simply Business is a trading name of Xbridge Limited which is authorised and regulated by the Financial Conduct Authority (Financial Services Registration No: 313348). We’ve broken it down so you can find out all about a new breed of companies working for more than profit – Simply Business included. About B Corps; Certification; B Economy; For B Corps; B Corp Directory; B Corp Way; SDG Action Manager; COVID-19; A Global Community of Leaders. Certified B Companies are a new kind of business that balances purpose and profit. For companies looking to certify as a B Corp in the UK, we have a step by step guide for amending your constitutional documents to include the B Corp legal language (the “Legal Test”). B Corp Certification is the only certification that measures a company’s entire social and environmental performance. If you are looking for investment in the future it is worth considering now who you are targeting and their likely response to your B Corp status. If you have any questions about how the legal requirement for B Corp Certification applies to companies in the UK, please contact us at hello@bcorporation.uk. B Corporation Australia & New Zealand B Corp UK Nonprofit Organization Management London, London 11,591 followers Certified B Corporations are businesses that meet the highest standards of social and environmental performance. You can read more about our efforts over at our social impact page. At B Lab, we pride ourselves on creating an inclusive and flexible workplace that allows all staff to flourish. We spoke to Kate Sandle, Community Manager for B Corp UK, whose favourite interpretation of B Corp comes from Ghandi – “Be the change you wish to see in the world”. .css-1i7ddjg{color:#262626;-webkit-text-decoration:none;text-decoration:none;cursor:pointer;color:#007478;-webkit-text-decoration:underline;text-decoration:underline;}.css-1i7ddjg:hover{color:#007478;-webkit-text-decoration:underline;text-decoration:underline;}Read our full disclaimer. B Corp is to business what Fair Trade is to coffee… They are businesses that give as much consideration to their social and environmental impact as they do to their financial returns. Benefit corporations are legally empowered to pursue positive stakeholder impact alongside profit. 6th Floor.css-v27edy{display:block;height:10px;}99 Gresham StreetLondonEC2V 7NG, Sol House29 St Katherine's StreetNorthamptonNN1 2QZ. B Corps are transparent about their operating practices and are held to a high standard of legal accountability. Home: B Work: the place to find jobs at companies that care about the planet, people, as well as profit. If you have any questions about how the legal requirement for B Corp Certification applies to companies in the UK, please contact us at hello@bcorporation.uk. B Corporations sind Unternehmen, die dies erkennen und sich in ihren Statuten zu gesellschaftlichem Mehrwert und ökologischer Nachhaltigkeit bekennen. Tell us about your journey so far in the comments section below. Die Benefit Corporation ist ein Rechtsstatus, der durch bundesstaatliches Recht in den USA verliehen wird. In order to become B Corp certified, you have to be assessed by B Lab and meet the required standards. We communicate frequently, collaborate thoughtfully, learn from, challenge, and celebrate one another and our work. 3. New hires are increasingly looking to an organisation’s ethical credentials before they agree to take on a role. February is B Corp month, but what does that mean, and what exactly is a B Corp? The B Corp values can be found at all levels of operation. All rights reserved. For companies looking to certify as a B Corp in the UK, we have a step by step guide for amending your constitutional documents to include the B Corp legal language (the “ Legal Test ”). Legally, you are then required to make decisions which consider all these factors, not exclusively profit maximisation. If your business is brand new but you want to demonstrate your commitment to society and the environment, you can earn B Corp Pending status. We also hear a lot of confusion about the difference between a “B Corp” and a “benefit corporation.”. In a B Lab survey, UK B Corps reported average revenue growth of 14% year-on-year since launch in 2015. February is B Corp month; a celebration for all the certified UK B Corps that are doing things differently. Please see www.pwc.com/structure for further details. This is a community of leaders, driving of a global movement of people using businesses as a force for good. The B in B Corp is open to interpretation. In the UK alone there are now 160 Certified B Corporations. The time taken to achieve accreditation varies with each organisation and its complexity, but the process typically takes four to six months. As people who are part of an organization that seeks to create a shared and durable prosperity we are... INCLUSIVE 1. Originally founded in the US, there are B Lab offices across Europe, South America, Australia and East Africa and each one is working to expand and support the community of … All Rights Reserved. So what does that mean in practice? In einem rigorosen Testverfahren lassen sie Unternehmensführung, Mitarbeiterrechte, sowie Auswirkungen auf Umwelt, Gesellschaft und Kund*innen messen. It was originally derived from “benefit corporation”, a type of US corporate structure, but B Corp means many things to many people. Certification requires a score of at least 80 (out of 200) against 5 areas of impact: Governance, Community, Workers, Environment and Customers. Our engagement survey powers the Sunday Times Best Companies to Work For list. Similar legal forms have also been passed in Italy and Colombia and are being proposed in several other countries, including the UK. 2. Status. Updated: Jun 12, 2019 Published: Apr 30, 2019 . Companies have to be recertified every two years, and if they fail to meet the set criteria, they lose their B Corp status. B Corps are put in touch with one another and are able to share knowledge and build on each others’ successes. The benefit corporation is a legal structure for a business, like an LLC or a corporation. B Corp status requires a certain level of due diligence, which means future investors can have more trust in a B Corp and potentially less cost when they perform their own. For the latest news and events about the community of Certified B Corporations Certification needs to renewed every three years and there is an annual fee, scaled according to revenue and starting at $500. B Lab promotes mission-aligned legal structures like the benefit corporation in the USA, which joins the interests of business with those of society. Browse the B Corp community using the tool below or click here to find B Corps near you. For some, B Corp status could be seen as suppressing agility and restricting the ability to focus on profit. B Corp certification guarantees that a business is measuring its environmental and social impact and B Corps commit to transparency by publishing their score online. Looking for the latest news and features to help you stay ahead? Workers and consumers demand that organisations do right by them and the wider world. Simply Business received it’s B Corp accreditation in 2017, and we couldn't be prouder. Here's all you need to know about this exciting movement, and how to turn your business into a B Corp . Unifying Goal. It was originally derived from “benefit corporation”, a type of US corporate structure, but B Corp means many things to many people. A C corporation may change to a B corporation merely by stating in its approved corporate bylaws that it is a benefit corporation; however in certain jurisdictions (especially Delaware), the terms "public benefit corporation" or "PBC" are also required to be in the legal name of B corporations. “B Corp Certification is to sustainable business what LEED certification is to green building or Fair Trade certification is to coffee,” B Lab states on its website. Once a firm crosses a certain performance threshold on these dimensions, it makes amendments to its corporate charter to incorporate the interests of all stakeholders int… Simply Business - Insurance for your business. © 2015 - 2020 PwC. Best Companies are specialists in workplace engagement & employee engagement. So when it comes to funding, B Corp status could be the deal-clincher. “It just shows that if you are already measuring your impact on your people and the planet, then the certification process doesn’t have to take that long! Countries. Keep up to date with Simply Business. Certified B Corps are a new kind of business that balances purpose and profit. Get the latest BBC News: breaking news, features, analysis and debate plus audio and video content from England, Scotland, Wales and Northern Ireland. We value and embrace diversity of identities, experiences, thoughts, needs, and approaches. For many, positive sustainability credentials gives your brand a competitive edge and keeps you on top of their mental shopping list. The B in B Corp is open to interpretation. Danone is a standout example, working to become the world’s largest B Corp, with 11 certified subsidiaries (including Danone Dairy UK). The B Corp Certification is a third-party certification administered by the non-profit B Lab, based in part on a company's verified performance on the B Impact Assessment. Certified B Corporations are a new kind of business that balances purpose and profit. 4. “Simply Business was a great company to work with – and for such a large organisation we expected the process to take longer than 3 months.” said Kate. B Corporation status can be achieved by receiving accreditation from B Lab (a non-profit organisation). They are legally required to consider the impact of their decisions on their workers, customers, suppliers, community, and the environment. But, in the meantime, you can demonstrate your commitment to being a socially responsible business and engage as a “soon-to-B” peer with a community of more than 1,000 Certified B Corps. There is a growing “impact” investor community focused on financing profit-led businesses with strong environmental, social and governance (ESG) values. How do B Corps work? We are transparent, quick to listen, and informed to act. Employees spend 10% of their work time in their local communities, adventuring outdoors, or doing service. by Poppy Mortiboys-Harrison. 1. B Corp certification requires thinking beyond profit in creating and delivering your organisational strategy. The B Corp UK video channel - featuring videos about the movement and the growing community of B Corporations in the UK. Are you considering becoming a B Corp? We give and seek continuous feedback and use every opportunity to learn. Unilever has also engaged strongly in the B Corp movement, owning 5 B Corp brands including possibly the most recognisable B Corp of all: Ben & Jerry's'. Kate says the best opportunity for B Corps to meet, share ideas and best practice, and to learn from fellow innovators is at the annual UK retreat. At the time of writing there are 2,778 B Corp organisations worldwide, in 60 countries. What does B Corp mean? The public diversity of identities, experiences, thoughts, needs, and how they 've been by! Assessment evaluates how your company ’ s annual Manufacturing Report is the barometer the... Balance purpose and profit sie Unternehmensführung, Mitarbeiterrechte, sowie Auswirkungen auf Umwelt, und... Change in mindset section below a type of us Corporate structure, but the process typically takes four to months. On B Corp movement credentials gives your brand a competitive edge and keeps you top! Top of their decisions on their workers, customers, suppliers, community, and interested. 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