General Bio

Certified B Corporation
Headquarters

Jeollabuk-do, South Korea

Certified Since

February 2015

Sector

Manufacturing

Operates In

South Korea

General Bio Co.,Ltd. is a manufacturing company specialized in Bio R&D and developing bioactive and eco-friendly raw materials and bio-products. General Bio's product lines include eco-friendly detergents and household products which are safe for people and minimize environment pollution. Other product lines are bio-functional cosmetics and bio-food, which is focused on improving anti-aging and well-being of people. As the company mission statement states "happy companion and creating beautiful value", General Bio Co.,Ltd.'s main business objectives are to help local society by creating jobs, and trying to make better economic and nature environment through its manufacturing activities focusing on Bio R&D. In regards to social improvement, the main activities General Bio Co.,Ltd. are committed to can be categorized in three ways: diminishment of social and environmental problems caused by harmful chemical products by producing eco-friendly products; supporting economic independence of local disadvantaged group by providing stable jobs; improvement of market competitiveness of products made by technologically disadvantaged social enterprises through research and development support to increase their product quality and marketability.

Overall B Impact Score

Based on the B Impact assessment, General Bio earned an overall score of 96.3. The median score for ordinary businesses who complete the assessment is currently 50.9.
96.3
96.3 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 8.5

The Governance Impact Area evaluates a company's overall mission, engagement around its social and environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.

Mission & Engagement2.1
Ethics & Transparency3.9
+ Mission Locked2.5

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.


Workers 43.8

The Workers Impact Area evaluates a company's contributions to its employees' financial security, health and safety, wellness, career development, as well as overall engagement and satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.

Financial Security1.7
Health, Wellness, & Safety6.5
Career Development2.2
Engagement & Satisfaction3.9
+ Workforce Development24.9

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.


Community 28.4

The Community Impact Area evaluates a company's engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity, and inclusion; economic impact; civic engagement; charitable giving; and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.

Diversity, Equity, & Inclusion4.0
Economic Impact5.2
Civic Engagement & Giving2.3
Supply Chain Management4.7
+ Supply Chain Poverty Alleviation10.2

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.


Environment 14.4

The Environment Impact Area evaluates a company's overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company's operations and, when applicable, its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.

Environmental Management1.5
Air & Climate2.3
Water1.0
Land & Life6.6
+ Toxin Reduction / Remediation2.4

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.


Customers 1.0

The Customers Impact Area evaluates a company's stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels. In addition, this section recognizes products or services that are designed to address a particular social problem for or through its customers, such as health or educational products, arts and media products, serving underserved customers or clients, and services that improve the social impact of other businesses or organizations.

Customer Stewardship1.0


Previous Overall B Impact Scores

2020 Overall B Impact Score96.3
2017 Overall B Impact Score166.9
2015 Overall B Impact Score161.5

Additional Documentation

General Bio Disclosure Report 2020


Best for the World

Each year, B Lab releases lists honoring the top-performing Certified B Corporations overall as well as within each Impact Area.

Best For The World: Community2018
Best For The World: Overall2018
Best For The World: Community2017
Best For The World: Overall2017
Best For The World: Community2016
Best For The World: Overall2016

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