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B Corporation (certification)
Social and environmental certification of for-profit companies / From Wikipedia, the free encyclopedia
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This article is about a private certification. For the legal corporate structure, see benefit corporation.
In business, a B Corporation (also B Corp) is a for-profit corporation certified by B Lab for its social impact. B Corp certification is conferred by B Lab, a global non-profit organization. To be granted and to maintain certification, companies must receive a minimum score of 80 from an assessment of its social and environmental performance, integrate B Corp commitments to stakeholders into company governing documents, and pay an annual fee based on annual sales.[1] Companies must re-certify every three years to retain B Corporation status.
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As of February 2024[update], there are 8,254 certified B Corporations across 162 industries in 96 countries.[2]