B Corp

B Corp refers to a type of certification for businesses that meet high standards of social and environmental performance, accountability, and transparency. Certified B Corporations, or B Corps, are for-profit companies that use the power of business to solve social and environmental problems. The certification is administered by the nonprofit B Lab and requires companies to achieve a minimum score on the B Impact Assessment, which evaluates a company’s impact on its workers, customers, community, and the environment.

Examples of B Corps include:

• Patagonia: An outdoor clothing company known for its commitment to environmental Sustainability and ethical Supply Chain practices.
• Ben & Jerry’s: An ice cream brand that emphasizes social justice and environmental causes.
• Warby Parker: A eyewear company that donates a pair of glasses for every pair sold, promoting social Equity.

Cases of B Corps making a difference:

• In 2020, Seventh Generation launched initiatives to reduce plastic waste, rEINforcing its commitment as a B Corp.
• Eileen Fisher created a program to promote circular fashion, aligning with its B Corp values of Sustainability and social responsibility.