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B Corp Certification Overview

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Questions and Answers

What is the primary purpose of B Corp Certification?

To ensure that companies pay lower taxes

To improve a company's branding and marketing efforts

To create a global network of businesses for profit

To certify that a company meets high social and environmental standards (correct)

How often must a company recertify after obtaining B Corp Certification?

Every two years

Every five years

Every year

Every three years (correct)

What is the minimum score a company must achieve on the B Impact Assessment to obtain certification?

70 out of 100

100 out of 150

80 out of 200 (correct)

90 out of 200

Who certifies the B Corporation status of a business?

B Lab, a third-party non-profit Signup and view all the answers

What does B Corp Certification primarily emphasize for businesses?

Prioritizing environmental sustainability and social responsibility Signup and view all the answers

What does B Corp Certification indicate about a company?

The company adheres to rigorous social and environmental standards. Signup and view all the answers

Which organization is responsible for certifying B Corporations?

B Lab Signup and view all the answers

How many total points are available on the B Impact Assessment?

200 Signup and view all the answers

What is the primary goal of recertification for B Corporations every three years?

To ensure continuous improvement in practices. Signup and view all the answers

What is the minimum score a company must achieve on the B Impact Assessment for initial certification?

80 out of 200 Signup and view all the answers

Study Notes

B Corp Certification

Certified B Corporations are businesses committed to social and environmental good.
B Corp certification is a trust mark; companies meeting high standards of social, environmental performance, transparency, and accountability.
B Lab, a non-profit, certifies them.
To achieve certification, a company must complete a B Impact Assessment (BIA) and reach an audited score of at least 80 out of 200 possible points.
Recertification is required every three years to continually improve.

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Description

This quiz explores the fundamentals of B Corp certification, focusing on the requirements and importance of social and environmental responsibility in business. Learn about the B Impact Assessment and the certification process overseen by B Lab. Test your knowledge on how certified businesses maintain their standards.