B-CORP CERTIFICATION
B-Corp certification is useful for strengthening the choice to work for the common good. This Certification is, in fact, based on a measurement called B Impact Assessment (BIA).
- Community;
- Environment;
- Governance;
- Customers;
- Employees.
In Italy, all companies that obtain B-Corp certification must transform into Benefit Corporation within two years of certification.
What benefits does B-Corp Certification bring you?
- building trust with stakeholders;
- it allows you to attract and retain employees such as those of the new generations;
- attract investors aligned with ESG principles;
- it has a holistic approach. It does not focus exclusively on a single social or environmental problem.
To obtain the B Corporation certification, issued by the B Lab certification body, you need to measure your impact at 360°.
This process is rigorous and requires the involvement of the entire company.
- complete the Assessment and demonstrate high social and environmental performance by achieving a B impact assessment score of 80 or above and passing our risk review;
- verify that legal requirements are met: The company will have to make a legal commitment by changing its corporate governance structure to make it accountable to all stakeholders, not just shareholders, and obtain benefit corporation status;
- in demonstrating transparency: Demonstrate transparency by allowing information about their performance measured against B Lab standards to be publicly available on their B Corp profile on the certification body’s website.