Last month, Patagonia introduced the SBIA to an organisation called B Corp.
B Corp is a non-profit organisation, with headquarters in the USA who (after a certification process) awards B-Corporation certification to for-profit businesses just like yours. This certification process can be undertaken to demonstrate a level of social, environmental and ethical standards and have that recognised for your consumers. Patagonia is what’s referred to as a Certified B Corporation, you can read more about that here https://www.patagonia.com.au/pages/b-corp
Certified B Corporations are businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. B Corps are accelerating a global culture shift to redefine success in business and build a more inclusive and sustainable economy.
After meeting with B Corp, we thought their organisation was one that all of our members should get to know and for you to be given the opportunity to measure your impact.
Over the next month, other B Corps are hosting events in Brisbane, Perth, Sydney and Melbourne, which will provide you an opportunity to meet other B Corps and to of course learn more.
Society’s most challenging problems cannot be solved by government and nonprofits alone. The B Corp community works toward reduced inequality, lower levels of poverty, a healthier environment, stronger communities, and the creation of more high quality jobs with dignity and purpose. By harnessing the power of business, B Corps use profits and growth as a means to a greater end: positive impact for their employees, communities, and the environment.
B Corps form a community of leaders and drive a global movement of people using business as a force for good. The values and aspirations of the B Corp community are embedded in the B Corp Declaration of Interdependence.
Used by over 50,000 businesses, the B Impact Assessment(BIA) is a free, online platform that evaluates how your company interacts with your workers, customers, community, and environment. Complete and submit the BIA to begin the performance requirement of certification.
The B Corp website has an abundance of information on their organisation, certification process, other B Corps and their fee structure https://bcorporation.com.au