B Corp Certification process

B Certification

In the B Economy, businesses compete to be best for the world, the people living in it, and the natural environment on which our quality of life depends.

To build a B Economy, we need a new kind of business that balances purpose and profit. B Corporations are businesses that are legally required to consider the impact of their decisions on their workers, customers, community, and environment. Certified B Corporations have met the highest standards of verified performance and transparency.

The B Economy is bigger than B Corps. B Lab collaborates with leaders across all sectors of society to build a broader global movement of people using business as a force for good.

The B Economy is built by everyone who works for, buys from, invests in, learns or teaches about, or supports businesses striving to create a shared and durable prosperity for all. Join us.

Why Companies Certify

B Corps set the gold standard for good business and inspire a race to the top, creating performance standards and legal structures being used by thousands of other businesses around the world.

Rose Marcario

The B Corp movement is one of the most important of our lifetime, built on the simple fact that business impacts and serves more than just shareholders -- it has an equal responsibility to the community and to the planet.

Logo for Patagonia, Inc. - Rose Marcario, CEO, Patagonia, Inc.

More and more of the workforce makes decisions about where to work based on the positive impact their work creates and how well an employer treats their team. There’s no better way to attract and engage mission-aligned talent than to verify your values with B Corp Certification.

At Silver Chef Limited, we have found that what people expect from organisations has changed. Not only do people want a job, they want a career. Not only do they want a career, they want to make a difference. Working for a purpose-driven, socially responsible company (and getting paid for your trouble) is the ultimate goal.

Logo for Silver Chef - Damien Guivarra, Silver Chef

When your company certifies as a B Corporation, you join a community of business leaders who share your belief that business can solve social and environmental problems. Connect online, meet in person at events, or build client and vendor relationships within a powerful community of practice.

Andrew Cairns

The B Corp community works on the belief that together we can do more than we can apart – a simple but powerful focus and filter. [At the B Corp Retreat], there were start-ups, mature organisations and growing organisations with new ideas about building, repurposing and investing.

Logo for Community Sector Banking - Andrew Cairns, Community Sector Banking

Maintaining B Corp Certification through the B Impact Assessment is a powerful mechanism to help your company set goals for improvement, create more positive social and environmental impact, and track performance over time.

Tal Dehtiar

Taking the Assessment... showed us where we needed to improve to become the role model we want to be.

Logo for Oliberte Limited - Tal Dehtiar, Oliberte Limited

The third-party validation that comes with B Corp Certification helps your company stand out and stand by your mission. The B Corp seal on a product, website, sales materials or business card instantly communicates that a company is a verified leader when it comes to positive impact and empowers individuals to confidently vote with their dollars more.

Allyson Lowbridge

While certification is the end-goal, the process itself can be just as beneficial for a business to identify all the areas where they can make a positive impact. Because it isn’t easy to get, consumers can feel confident that when they deal with a B Corp it’s the real thing. It can simplify purchasing decisions by making it clear which companies share your own values.

Logo for Australian Ethical Investment - Allyson Lowbridge, Australian Ethical Investment

Make sure your company is built on a solid legal foundation for the long term. Currently passed in the US, Italy and Colombia, Benefit Company legislation is being advocated for in Australia by B Lab. 

Benefit Company legislation will provide certainty and clarity for directors to be able to make long-term decisions that benefit ALL stakeholders (employees, customers, community, suppliers and the environment) as well as shareholders. It will also help the purpose-driven business movement to scale, by redefining how we measure success in business.

Certification Requirements

COMPLETE THE ASSESSMENT

Used by over 50,000 businesses the B Impact Assessment is a free, online platform that evaluates how your company interacts with your workers, customers, community, and environment. Complete and submit the BIA to begin the performance requirement of certification.

MEET THE LEGAL REQUIREMENTS

Use our Legal Requirement Tool to determine how your company can integrate stakeholder consideration into your governance structure. Your company's specific legal requirement and timeline will depend on location and structure.

VERIFICATION & TRANSPARENCY

After completing the BIA, B Lab will verify your score to determine if your company meets the 80-point bar for certification. Meet virtually with B Lab staff to review your completed B Impact Assessment and submit confidential documentation to validate your responses. To maintain certification, B Corps update their BIA and verify their updated score every 3 years.

Get all the details on how to meet the requirements for B Corp Certification.

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SIGN AGREEMENT AND PAY ANNUAL FEES

To finalise certification, sign your B Corp Agreement and pay your annual certification fees. Find your B Corp Agreement.

Annual Sales (AUD) Annual Certification Fee (AUD)
$0 - $149,000 $500
$150,000 - $1,999,999 $1,000
$2 MM - $4,999,999 $1,500
$5 MM - $9,999,999 $2,500
$10 MM - $19,999,999 $5,000
$20 MM - $49,999,999 $10,000
$50 MM - $74,999,999 $15,000
$75 MM - $99,999,999 $20,000
$100 MM - $249,999,999 $25,000
$250 MM - $499,999,999 $30,000
$500 MM - $749,999,999 $37,500
$750 MM - $999,999,999 $45,000
$1 B+ $50,000+, depending on the structure of the company

 

Term Sheet

When you successfully meet the requirements of B Corp certification, you sign the B Corp Declaration of Interdependence and Term Sheet. The term sheet is an agreement you sign with B Lab that lays out the following:

  • Certification term is 3 years; after 3 year term, company recertifies
  • Meet the performance requirement for B Corp certification
  • Meet legal requirements appropriate for your particular corporate structure and country of incorporation
  • Participate in an on-site review if randomly selected (10% of Certified B Corps randomly selected each year)
  • Annual certification fees based on the tiered structure above 

DOWNLOAD TERM SHEET PDF

Does Your Company Fall into One of These Categories?

B Corp Certification comes with additional considerations for certain businesses.

START UPS

Companies with less than one year of operations

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LARGE AND PUBLIC COMPANIES

Companies that are publicly-traded or have over $5B in revenues

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RELATED ENTITIES

Parent companies, subsidiaries, franchises, and other affiliated entities

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Ready to Get Started

Register for the B Impact Assessment and start answering your questions about your company's operations and business model. Along the way, you'll be able to set goals for improvement, compare your performance to similar companies, and learn best practices pulled straight from the Certified B Corp community.

More Questions?

Certified B Corporations pay an annual certification fee, which licenses them to use intellectual property like the Certified B Corp logo. This fee starts as low as $500 and scales with revenue. You can see the full pricing schedule on the Certification page. Access to the B Impact Assessment is free.

The length of the certification process varies based on a company's size and complexity. Completing the B Impact Assessment requires a minimum of several hours. The verification process to finalize a company's score typically takes several weeks. Large multinationals or companies with many related entities should expect a longer process.

B Corp Certification is based in part on a company's verified performance on the B Impact Assessment, which asks questions about a company's past fiscal year. This means that companies with less than one year of operations are not yet eligible for B Corp Certification. Instead, they may pursue Pending B Corp status, designed to set a start-up on the path to full Certification.

FAQ