New B Corp standards

What's happening at B Corp 🤔

Society changes and evolves!

Good thing the B Corp evaluation process is too 😎

For years now, B Lab (the NPO that runs B Corp) has operated with a questionnaire where 80 points out of 200 are required to achieve certification.

A company can therefore choose the initiatives they wish to deploy in order to obtain a score equal to or greater than 80.

In order to evaluate large companies and multinationals more effectively, and to better reflect current issues, the B Lab has decided to undertake a complete review of its evaluation process.

"Tell me some good news 😍"

It's now about 10 standards to be met rather than a score to be achieved.

Quels sont ces 10 standards 👀

  1. Basic requirements  🔍

The company meets B Corp's basic requirements. It is therefore ready to modify these legal documents to add the legal clauses in addition to meeting the eligibility requirements.

  1. Stakeholder mission and governance ⚖️

The company ensures that management monitors and takes the necessary measures to improve social and environmental impact. It is also transparent about its social and environmental performance, its objectives to be achieved in addition to the way it goes about including its stakeholders (employees, suppliers, customers, shareholders).

  1. Corporate culture 🤝

The company takes care to include employees in decision-making in a concrete and formalized way. It also makes sure to measure team satisfaction in addition to taking steps to improve it.

  1. Fair wages 💵

In addition to doing everything necessary to respect pay equity, the company makes sure to pay at least the living wage to its team. It also takes care to raise awareness among its key suppliers so that they do the same with their own teams.

  1. Justice, equity, diversity and inclusion (JEDI) 💙💛

The company takes care to improve its JEDI practices by implementing a clear action plan that is communicated to both internal and external stakeholders.

  1. Human rights 🫶

The company makes sure to eliminate any negative impact on human rights, in addition to ensuring that its key suppliers do the same.

  1. Climate action 🌎

The company measures its greenhouse gas emissions every year in addition to setting targets based on scientific recommendations to keep global warming below 1.5°C.

  1. Environmental management and circularity ♻️

The company takes the necessary steps to identify its negative impact on the environment, and creates a strategy to reduce its carbon footprint. The company also works with its suppliers to achieve its environmental objectives.

  1. Public affairs and collective action 🤜🤛

The company collaborates with its stakeholders with the aim of increasing collective social and/or environmental impact at policy, industry and/or business community level.

  1. Complementary impact themes 💪

The company publicly commits to achieving improvement targets on environmental and social impact themes and to making progress on these.

Should I certify with the current evaluation method or wait?

Is it easier to certify now? For companies with over 250 employees or annual sales of over 75 million, the answer is yes. For other companies, not necessarily.

Although it's still difficult to know what form the new assessment will take with these standards, we can assume that the current questionnaire allows for greater flexibility.

"So do I wait or not? 😅"

If you want to have a clear idea of the evaluation process, start the process now in order to be certified before the end of 2025 (the B Lab talks about an appearance of the new questionnaire in early 2026).

"But I wish I'd certified with the new standards. 😢"

Great news, a company must recertify every 3 years to preserve its certification. The recertification process will certainly be carried out using the new standards.

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