B Lab Europe
B Lab Europe is the driving force behind the B Corp movement, which encourages companies to adopt responsible and sustainable practices. With strict certification standards, B Lab promotes an inclusive, equitable, and regenerative economy where people and the planet are at the center.
B Lab and the B Corp Movement
editB Lab, the driving force behind the B Corp movement, is a global network of companies dedicated to improving the world through responsible and sustainable business practices.
Mission and Values
editThe main mission of B Lab and the certified B Corps is to promote the use of business as a force for good. This is achieved through a commitment to high standards of social and environmental performance, accountability, and transparency. B Corps strive to create an inclusive, equitable, and regenerative economy where people and the planet matter[1][4].
Certification Process
editTo be certified as a B Corp, companies must undergo a rigorous certification process. This includes:
- B Impact Assessment: A comprehensive test that evaluates the social and environmental performance of the company and requires a score of at least 80.
- Legal Commitment: Companies must change their corporate structure to be accountable to all stakeholders, not just shareholders.
- Transparency: Information about the company's performance must be publicly accessible.
- Risk Assessment and Verification: A thorough review of the corporate structure, potential controversies, and verification of the provided data[1][4].
Sustainability Goals and Initiatives
editB Corps are committed to continuously improving their positive impact on society and the environment. This includes:
- Regular Recertification: B Corps must renew their certification every three years by repeating the B Impact Assessment and verification.
- Collective Action: The B Corp community works together to drive systemic change on issues such as climate change, inclusion, and stakeholder governance[1][5].
Global Reach and Community
editThe B Corp movement includes over 4,000 certified B Corps in 77 countries and 153 industries, with more than 280,000 employees. In Europe, particularly in the Benelux region, there are over 700 B Corps actively involved in shaping a more sustainable and inclusive economy[1][5].
Education and Collaboration
editB Lab promotes educational programs and collaboration with universities, governments, and other institutions to drive the transformation of the economic system. Examples include the "Building Better Business" program in Amsterdam and the partnership with Sacred Heart University in Luxembourg for the Master's in Benefit Administration[5].
Conclusion
editB Lab and the B Corp movement represent a global community of companies committed to a responsible and sustainable economy. Through rigorous certification standards, continuous improvement, and collective action, B Corps are working to create a world where business is used for the benefit of all people and the planet.