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 (A) Signup and view all the answers

What does B Corp Certification primarily emphasize for businesses?

Prioritizing environmental sustainability and social responsibility (B) Signup and view all the answers

What does B Corp Certification indicate about a company?

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

Which organization is responsible for certifying B Corporations?

B Lab (D) Signup and view all the answers

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

200 (B) 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. (B) 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 (B) Signup and view all the answers

Flashcards

B Corp Certification

A mark of trust for businesses committed to social and environmental responsibility, transparency, and accountability.

B Corp Standard

Rigorous criteria for social and environmental performance, transparency, and accountability.

B Impact Assessment

A tool to evaluate a company's social and environmental performance.

Recertification

The process of renewing B Corp certification every 3 years.

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Minimum Score

80 out of 200 points needed on B Impact Assessment for certification.

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What does B Corp stand for?

B Corp stands for "Benefit Corporation". This signifies companies that are legally committed to considering social and environmental factors alongside profits.

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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.