B corporation

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A B Corporation is a new type of corporation which uses the power of business to solve social and environmental problems. To address society's greatest challenges, B Corporations create value for society, not just shareholders. As of April 2013, there are 737 B Corporations across 60 industries in 24 nations around the world. The B Corporation Certification is for sustainable businesses much like Fair Trade is to coffee, LEED is to buildings and USDA organic certification is to milk. B Corps are certified by the nonprofit B Lab to meet rigorous standards of social and environmental performance, accountability, and transparency.

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Examples of Certified B Corporations [edit]

The Difference Between Certified B Corps and Benefit Corporations [edit]

Certified B Corporations and Benefit Corporations are often confused. Certified B Corporation is a certification conferred by the nonprofit B Lab. Benefit Corporation is a legal status administered by the state. Benefit Corporations do NOT need to be certified. Certified B Corporations have been certified as having met a high standard of overall social and environmental performance, and as a result have access to a portfolio of services and support from B Lab that Benefit Corporations do not.

Countries with B Corporations [edit]

  • Afganistan
  • Argentina
  • Australia
  • Belgium
  • Brazil
  • Canada
  • Chile
  • Columbia
  • Costa Rica
  • Germany
  • Guatamala
  • Hong Kong
  • India
  • Ireland
  • Italy
  • Kenya
  • Korea
  • Mexico
  • Mongolia
  • New Zealand
  • Nicaragua
  • South Korea
  • Tanzania
  • Turkey
  • United Kingdom
  • United States

References [edit]