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| '''B Lab''' is a ] that was founded in 2006 in ], ]. B Lab created, and awards, the ] for ] organizations.<ref>{{cite web |title=The Non-Profit Behind B Corps |publisher=B Lab |url=http://www.bcorporation.net/what-are-b-corps/the-non-profit-behind-b-corps |accessdate=September 13, 2013 |archive-url=http://webarchive.loc.gov/all/20150605054748/http://www.bcorporation.net/what-are-b-corps/the-non-profit-behind-b-corps |archive-date=June 5, 2015 |url-status=dead }}</ref><ref>{{cite web |title=Contact |publisher=B Lab |url=http://www.bcorporation.net/contact |accessdate=September 13, 2013}}</ref> The "B" stands for beneficial<ref name=inc>{{cite magazine |last=Steiman |first=Hannah Clark |title=A New Kind of Company: A 'B' Corporation |magazine=] |date=July 1, 2007 |url=http://www.inc.com/magazine/20070701/priority-a-new-kind-of-company.html |accessdate=September 13, 2013}}</ref> and indicates that the certified organizations voluntarily meet certain standards of ], ], ], and performance, with an aim to create value for society, not just for traditional stakeholders such as the shareholders. | '''B Lab''' is a ] that was founded in 2006 in ], ]. B Lab created, and awards, the ] for ] organizations.<ref>{{cite web |title=The Non-Profit Behind B Corps |publisher=B Lab |url=http://www.bcorporation.net/what-are-b-corps/the-non-profit-behind-b-corps |accessdate=September 13, 2013 |archive-url=http://webarchive.loc.gov/all/20150605054748/http://www.bcorporation.net/what-are-b-corps/the-non-profit-behind-b-corps |archive-date=June 5, 2015 |url-status=dead }}</ref><ref>{{cite web |title=Contact |publisher=B Lab |url=http://www.bcorporation.net/contact |accessdate=September 13, 2013}}</ref> The "B" stands for beneficial<ref name=inc>{{cite magazine |last=Steiman |first=Hannah Clark |title=A New Kind of Company: A 'B' Corporation |magazine=] |date=July 1, 2007 |url=http://www.inc.com/magazine/20070701/priority-a-new-kind-of-company.html |accessdate=September 13, 2013}}</ref> and indicates that the certified organizations voluntarily meet certain standards of ], ], ], and performance, with an aim to create value for society, not just for traditional stakeholders such as the shareholders. | ||
| While originally founded in the United States, today B Lab is a global network. is the entity that is the hub of the network and certifies companies as B Corps. The B Lab network also includes dozens of B Lab organizations at the country and regional levels. They support their community of B Corps, bring companies into the certification pipeline, and develop local programming to support the movement towards economic systems change based on stakeholder governance (i.e., a B Corp). | |||
| ⚫ | In addition to awarding the B Corporation certifications, B Lab’s initiatives include administration of the B Impact Management programs and software, as well as advocacy for the adoption and improvement of ] statutes at the state level. (The B Corporation certification should not be confused with state-sanctioned benefit corporation status.) | ||
| ⚫ | In addition to awarding the to companies that score high enough on the , B Lab’s initiatives include administration of the B Impact Management programs and software, as well as advocacy for the adoption and improvement of ] statutes at the state level. (The B Corporation certification should not be confused with state-sanctioned benefit corporation status.) | ||
| ⚫ | B Lab |
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| ⚫ | B Lab shares information <ref>See {{cite web |title=Benefit Corp Information Center |publisher=B Lab |url=http://benefitcorp.net/ |accessdate=September 13, 2013}}</ref> devoted to information about benefit corporations and the progress of relevant state legislation. B Lab also supports national legislation supporting benefit corporations in many countries around the world. | ||
| B Lab has attracted media attention to the concept of benefit corporations.<ref name=inc /><ref>{{cite magazine |last=Adams |first=Susan |title=Corporate Responsibility Nonprofit, B Lab, Shows Strong Growth |magazine=] |date=March 16, 2011 |url=https://www.forbes.com/sites/susanadams/2011/03/16/corporate-responsibility-nonprofit-b-lab-shows-strong-growth/ |accessdate=September 13, 2013}}</ref><ref>{{cite web |title=B Lab's Bart Houlahan: Building More Socially Responsible Corporations |publisher=] |date=November 7, 2012 |url=http://knowledge.wharton.upenn.edu/article.cfm?articleid=3107 |accessdate=September 13, 2013}}</ref><ref>{{cite web |last=Brokaw |first=Leslie |title=The 'Benefit Corporation' Movement |publisher=] |date=November 28, 2012 |url=http://sloanreview.mit.edu/article/the-benefit-corporation-movement/ |accessdate=September 13, 2013}}</ref><ref>{{cite magazine|last=Adams |first=Susan |title=Capitalist Monkey Wrench |date=March 25, 2010 |magazine=] |url=https://www.forbes.com/forbes/2010/0412/rebuilding-b-lab-corporate-citizenship-green-incorporation-mixed-motives.html |archiveurl=https://web.archive.org/web/20100328155939/http://www.forbes.com/forbes/2010/0412/rebuilding-b-lab-corporate-citizenship-green-incorporation-mixed-motives.html |archivedate=March 28, 2010 |accessdate=September 13, 2013 |url-status=dead }}</ref> Some people confuse the concepts of a benefit corporation and a B Corporation, and sometimes use these phrases as if they are interchangeable even though they are very different legally.<ref>{{cite web |last=Hew |first=Ryan K. |title=Law in the Brief: To B or not to B, Hawaii Gets B-Corps through Act 209 |publisher=The Blawg of Ryan K. Hew, Attorney at Law (blog) |date=September 6, 2011 |url=http://hawaiiesquire.wordpress.com/2011/09/06/law-in-the-brief-to-b-or-not-to-b-hawaii-gets-b-corps-through-act-209/ |accessdate=2023-03-29 |archive-url=https://web.archive.org/web/20140905022619/http://hawaiiesquire.wordpress.com/2011/09/06/law-in-the-brief-to-b-or-not-to-b-hawaii-gets-b-corps-through-act-209/ |archive-date=September 5, 2014 |url-status=dead }}</ref> | B Lab has attracted media attention to the concept of benefit corporations.<ref name=inc /><ref>{{cite magazine |last=Adams |first=Susan |title=Corporate Responsibility Nonprofit, B Lab, Shows Strong Growth |magazine=] |date=March 16, 2011 |url=https://www.forbes.com/sites/susanadams/2011/03/16/corporate-responsibility-nonprofit-b-lab-shows-strong-growth/ |accessdate=September 13, 2013}}</ref><ref>{{cite web |title=B Lab's Bart Houlahan: Building More Socially Responsible Corporations |publisher=] |date=November 7, 2012 |url=http://knowledge.wharton.upenn.edu/article.cfm?articleid=3107 |accessdate=September 13, 2013}}</ref><ref>{{cite web |last=Brokaw |first=Leslie |title=The 'Benefit Corporation' Movement |publisher=] |date=November 28, 2012 |url=http://sloanreview.mit.edu/article/the-benefit-corporation-movement/ |accessdate=September 13, 2013}}</ref><ref>{{cite magazine|last=Adams |first=Susan |title=Capitalist Monkey Wrench |date=March 25, 2010 |magazine=] |url=https://www.forbes.com/forbes/2010/0412/rebuilding-b-lab-corporate-citizenship-green-incorporation-mixed-motives.html |archiveurl=https://web.archive.org/web/20100328155939/http://www.forbes.com/forbes/2010/0412/rebuilding-b-lab-corporate-citizenship-green-incorporation-mixed-motives.html |archivedate=March 28, 2010 |accessdate=September 13, 2013 |url-status=dead }}</ref> Some people confuse the concepts of a benefit corporation and a B Corporation, and sometimes use these phrases as if they are interchangeable even though they are very different legally.<ref>{{cite web |last=Hew |first=Ryan K. |title=Law in the Brief: To B or not to B, Hawaii Gets B-Corps through Act 209 |publisher=The Blawg of Ryan K. Hew, Attorney at Law (blog) |date=September 6, 2011 |url=http://hawaiiesquire.wordpress.com/2011/09/06/law-in-the-brief-to-b-or-not-to-b-hawaii-gets-b-corps-through-act-209/ |accessdate=2023-03-29 |archive-url=https://web.archive.org/web/20140905022619/http://hawaiiesquire.wordpress.com/2011/09/06/law-in-the-brief-to-b-or-not-to-b-hawaii-gets-b-corps-through-act-209/ |archive-date=September 5, 2014 |url-status=dead }}</ref> | ||
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| == Notable B-Lab certified corporations == | == Notable B-Lab certified corporations == | ||
| There are thousands of certified B Corps all around the world. You can search the database to find a B Corp . | |||
| There are many famous brands including: | |||
| * beauty products (world's largest B Corp) | |||
| * eyeglasses | |||
| * apparel | |||
| * ]<ref>{{Cite web |title=King Arthur Baking Company - Certified B Corporation - B Lab Global |url=https://www.bcorporation.net/en-us/find-a-b-corp/company/king-arthur-baking-company |access-date=2024-02-14 |website=www.bcorporation.net |language=en-us}}</ref> | * ]<ref>{{Cite web |title=King Arthur Baking Company - Certified B Corporation - B Lab Global |url=https://www.bcorporation.net/en-us/find-a-b-corp/company/king-arthur-baking-company |access-date=2024-02-14 |website=www.bcorporation.net |language=en-us}}</ref> | ||
Revision as of 18:29, 14 March 2024
U.S. non-profit organization
B Lab is a non-profit organization that was founded in 2006 in Berwyn, Pennsylvania. B Lab created, and awards, the B corporation certification for for-profit organizations. The "B" stands for beneficial and indicates that the certified organizations voluntarily meet certain standards of transparency, accountability, sustainability, and performance, with an aim to create value for society, not just for traditional stakeholders such as the shareholders.
While originally founded in the United States, today B Lab is a global network. B Lab Global is the entity that is the hub of the network and certifies companies as B Corps. The B Lab network also includes dozens of B Lab organizations at the country and regional levels. They support their community of B Corps, bring companies into the certification pipeline, and develop local programming to support the movement towards economic systems change based on stakeholder governance (i.e., a B Corp).
In addition to awarding the B Corporation certifications to companies that score high enough on the B Impact Assessment, B Lab’s initiatives include administration of the B Impact Management programs and software, as well as advocacy for the adoption and improvement of benefit corporation statutes at the state level. (The B Corporation certification should not be confused with state-sanctioned benefit corporation status.)
B Lab shares information devoted to information about benefit corporations and the progress of relevant state legislation. B Lab also supports national legislation supporting benefit corporations in many countries around the world.
B Lab has attracted media attention to the concept of benefit corporations. Some people confuse the concepts of a benefit corporation and a B Corporation, and sometimes use these phrases as if they are interchangeable even though they are very different legally.
B Lab has established a partnership with the United Nations to help the private sector translate the Sustainable Development Goals (SDG) into practical business processes. B Lab created a SDG Action Manager that became available for companies to use in 2020.
Notable B-Lab certified corporations
There are thousands of certified B Corps all around the world. You can search the database to find a B Corp here.
There are many famous brands including:
- Natura & Co beauty products (world's largest B Corp)
- Warby Parker eyeglasses
- Patagonia apparel
- King Arthur Baking
References
- "The Non-Profit Behind B Corps". B Lab. Archived from the original on June 5, 2015. Retrieved September 13, 2013.
- "Contact". B Lab. Retrieved September 13, 2013.
- ^ Steiman, Hannah Clark (July 1, 2007). "A New Kind of Company: A 'B' Corporation". Inc. Retrieved September 13, 2013.
- See "Benefit Corp Information Center". B Lab. Retrieved September 13, 2013.
- Adams, Susan (March 16, 2011). "Corporate Responsibility Nonprofit, B Lab, Shows Strong Growth". Forbes. Retrieved September 13, 2013.
- "B Lab's Bart Houlahan: Building More Socially Responsible Corporations". Wharton School. November 7, 2012. Retrieved September 13, 2013.
- Brokaw, Leslie (November 28, 2012). "The 'Benefit Corporation' Movement". Massachusetts Institute of Technology. Retrieved September 13, 2013.
- Adams, Susan (March 25, 2010). "Capitalist Monkey Wrench". Forbes. Archived from the original on March 28, 2010. Retrieved September 13, 2013.
- Hew, Ryan K. (September 6, 2011). "Law in the Brief: To B or not to B, Hawaii Gets B-Corps through Act 209". The Blawg of Ryan K. Hew, Attorney at Law (blog). Archived from the original on September 5, 2014. Retrieved 2023-03-29.
- Feloni, Richard (19 April 2019). "The entrepreneur behind the coveted B Corp label shares why he's partnering with the UN to solve our most pressing workforce problems". Business Insider. Retrieved 23 May 2019.
- "King Arthur Baking Company - Certified B Corporation - B Lab Global". www.bcorporation.net. Retrieved 2024-02-14.