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How do I become a B Corp

 

Becoming a B Corp

To become a B Corp you need to complete the B Impact Assessment (the BIA) that will evaluate your company’s performance on 5 areas: governance, environment, workers, community and customers. You will need to earn at least 80 points on the BIA before you can submit your assessment for review and become a B Corp.

 

So what does this look like in practice?

The assessment awards points for the positive impact your company is making across different areas of your business. Here are some examples of things that would earn you points on the assessment:

 

Certification Process

Most companies can get up to 140 points across the different impact areas—Governance, Workers, Communities, Environment, and Customers. Some companies qualify to get additional points for really important areas, called Impact Business Model (more info here).

The points available vary by sector and company size.

6.

Environment

  • Environmental Management SystemMonitoring and recording energy, water and waste usageRecycling different materialsOffsetting GHG emissions

2.

Workers

Employee ownership opportunities

Employee Handbook 

Employee satisfaction or engagement surveys

7.

Customers

  • Have feedback / customer service feedback or complaint mechanismsRegularly monitoring customer outcomes and well-being

3.

Community

Commitments to diversity, equity, and inclusion

Tracking diversity of ownership among suppliers

Banking with a B Corp

Supplier Code of Conduct policy

To learn more about what some of the assessment questions look like download this excel spreadsheet here. 

 

A 6-12 month journey (sometimes longer)

Anywhere between 6 months to 1 year or more. A lot of the timing depends on whether your score drops below 80 points during the review process in which case you will need to spend time improving your score.

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4

Set up
your
company
Set up
your
company

Hurdle tip

 

Take the time to understand which ‘sector’ and ‘size’ your company should select into as this will determine the assessment that’s created to suit your business.

5

7

You're
a
B Corp
Review
and
audit
Review
and
audit

Hurdle tip

 

Our global team will be requesting documentation, the quicker you complete and upload these documents/comments the quicker you will be assigned an analyst to review your assessment. Taking too long will delay your process.

6

Hurdle tip

Select answer options only when you know you have evidence to support your answer.

Do a first
pass of
the BIA
Do a first
pass of
the BIA

Hurdle tip

If you’re a larger company, assemble a project team and get executive buy-in so you don’t have to do all the heavy lifting! It’s good to have access to departments such as HR to complete the workers section and Legal to complete Governance sections.

Get
Started
Get
Started

Hurdle tip

Aim to get your score to 85+ points. Because it isn’t uncommon for your score to drop during the review process. Score drops can be a result of you selecting answers that aren’t reflective of your business.

With new docs
complete full
BIA
With new docs
complete full
BIA

On this page

Where to start?

Check you qualify - who can become a B Corp

How do I become a B Corp?

Setup your company profile (size, sector, market)

Learn how to use the BIA tool 

Do a first pass of the assessment

Create actions to get information

Collect
your 
documents
Collect
your 
documents

Hurdle tip

 

Be prepared to spend time improving policies and practices to increase your score. It is uncommon for most companies to take the assessment and score 80+ the first time around. You will most likely need to make improvements across your business.

How much does it cost?

If you're in NZ calculate your revenue in AUD as we charge AUD

Up to $150k

$500

Up to $2M

$1k

Up to $5M

$1.5k

Up to 10M

$2.5k

Up to $20M

$5k

Up to $50M

$10k

Up to 75M

$15k

Up to  $100M

$20k

Up to $250M

$25k

Up to $500M

$30k

Up to $750M

$37k

Up to $1B

$45k

Over

$1B

$50k

Annual Certification Fee (AUD)

 
 
 

B Lab respectfully acknowledges the Wurundjeri people of the Kulin nation, the traditional custodians of the land on which we work, and recognise their continuing connection to land, water and community. We pay respect to Elders past, present and emerging.

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