Business

Could evil corporations finally change their ways?

A new type of corporation has the potential to disrupt the old ways of profits over people. B Corp certification (also known as B Lab certification or B Corporation certification) is a private certification issued to for-profit companies by B Lab, a United States-based non-profit organization. To be granted and to preserve certification, companies must receive a minimum score on an online assessment for “social and environmental performance”, satisfy the requirement that the company integrate B Lab commitments to stakeholders into company governing documents, and pay an annual fee ranging from $500 to $25,000. As of March 2014, there are 990 “certified B Corporations” across 60 industries in 27 countries.

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