Certified B Corporations and benefit corporations are often confused.
Our non-profit, B Lab, administers B Corp Certification to companies who meet verified standards of social and environmental impact through the B Impact Assessment, commit to transparency requirements related to their business’ impact and operations, and commit to being legally accountable to all of their stakeholders. One way for B Corps to fulfill the legal accountability requirement of the certification is to become a benefit corporation.
A benefit corporation is a legal structure that embeds stakeholder governance into a business’ DNA, ensuring the business considers its impact on all of its stakeholders. Importantly, the benefit corporation structure is not a certification and benefit corporations are not required to meet B Lab’s standards.
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