Certified B Corporations are for-profit companies that undergo a rigorous certification process on five categories: corporate governance, worker treatment, impact on the community, impact on the environment, and customer treatment. To be certified, companies must score over 80 on a 200-point B Impact Assessment administered by the B Lab, a nonprofit.
The process requires companies to submit a lot of documentation. All B Corps must renew their certification every two years, and some are randomly chosen for annual checks. Certifications are open to businesses in different industries, and well-known brands like Patagonia and Ben & Jerry’s are also B Corps.
Learn about B Corp banks.