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News & Notices, Customer Alerts and Processing Times. News & Notices: Get the latest information about changes affecting business conducted with the Business Programs Division. In 2006, three friends left careers in business and private equity and created an organization dedicated to making it easier for mission-driven companies to protect and improve their positive impact over time. Check out the 2019 Best for the World honorees! B Corp is to business what Fair Trade certification is to coffee or USDA Organic certification is to milk. Maryland was the first state to pass benefit corporation legislation in April 2010, followed by Hawaii, Virginia, California, Vermont, and New Jersey. Benefit corporations are often referred to as “b corps,” but it is important to make a distinction between a “b corp” and a Certified B Corp. A “b corp” is created under state law—in much the same was as any corporation. Learn more about the difference. The first 82 B Corps were certified in 2007. Nonprofits, large multinationals, governmental organizations and companies of all sectors and sizes can join the B Economy by using B Lab's impact management and stakeholder governance tools. B Corp Certification is administered by Standards Analysts at the non-profit B Lab. B Corps are accelerating a global culture shift to redefine success in business and build a more inclusive and sustainable economy. B Corporation (also B Lab or B Corp) certification of "social and environmental performance" is a private certification of for-profit companies, distinct from the legal designation as a Benefit corporation. [4], B Corp Certification will bring no legal liabilities to a C Corporation or any for profit business structures apart from its business model structure which should adhere to the B Labs. Numerous companies claim to be “going green” or “supporting the environment” through different accreditation that may or may not be real. The standards for B Corp Certification are overseen by B Lab's independent Standards Advisory Council. Allowing for the company's values to exist under new management, investors, or ownership. At the recent launch of B Lab UK, B Lab established a Multinationals and Public Markets Advisory Council (MPMAC) to address a number of systemic, institutional and practical barriers that have made it hard for multinational private and publicly listed companies to earn B Corp Certification and to adopt benefit corporation status. Some states known as "constituency" states will allow for this change in the articles of incorporation, other states, known as "non-constituency states", will not; and many states now have the option of adopting the benefit corporation legal structure, which also meets B Lab's requirements for B Corp certification. Yes! If you need help with B corporation states, you can post your legal need on UpCounsel's marketplace. Learn about our values and how we are progressing towards our 2020 goals. XXXIII Corps – World War II – see Fourteenth United States Army; XXXV Airborne Corps – World War II deception formation – see Operation Pastel; XXXVI Corps (1944–1945) U.S. XXXVII Corps- World War II – see Fourteenth United States Army B Lab certification applies to the whole company across all product lines and issue areas. Golden Falcon Acquisition Corp. (Golden Falcon Acquisition Corp.) is a Blank Check Company located in Newark, DE United States, North America. It demonstrates to the world around you – your stakeholders, your employees, your customers, and everyone else – that you’re committed to being a … [15] Socially and environmentally-focused business model points ultimately are accrued in their relevant impact area (governance, workers, community or environment). Multinationals are engaging the global B Economy both through B Corp Certification and other engagements with B Lab. Certain other partnerships filing … Right now, hundreds of B Corps are taking part in the Inclusive Economy Challenge by setting yearly goals for impact improvement. In the United States, the avenue for corporations making the legal amendment to certify will depend on the state they are incorporated in. The company needs to adhere their corporate legal structure to B-Lab regulation in order to qualify for the certification process. This page was last edited on 17 December 2020, at 10:01. For general inquiries, contact the U. S. Steel Operator. Used by many Allied air forces, the B-25 served in every theater of World War II, and after the war ended, many remained in service, operating across four decades.. Helpful Hint: If you are not able to locate an entity record, you may wish to try a broader search by searching for fewer keywords or a "begins with" search if you know one or more of the first words of the entity's name, or you may request a more extensive search by ordering a status report. An issue in deciding to be a Certified B Corporation would be the administrative and legal costs a corporation will face in changing their business model in accordance to B Labs regulations. B Lab certification is a third-party standard requiring companies to meet social sustainability and environmental performance standards, meet accountability standards, and be transparent to the public according to the score they receive on the assessment. 8 a.m. - 5 p.m. Eastern Monday - Friday. Many of our clients approach us with some variation of “We want to be a B Corp.” What does that mean exactly? Academic contributions of loan forgiveness. As of April 2020[update] there are over 3,300 certified B Corporations across 150 industries in 71 countries.[2]. These requirements are: an in-depth review of public record of the companies, employees, products and other relative topics and randomised site visits. "Certification | Certified B Corporation", "Benefit Corporations Have Arrived in Massachusetts", "Benefit Corporations & Certified B Corps | Benefit Corporation", "Loan Assistance Program – Detailed Summary", "Making a Difference (and a Profit): Advantages and Disadvantages of Forming or Converting into a "B" Entity| Lexology", "Delaware Just Made It A Whole Lot Easier For Socially Responsible Companies To Exist", "Corporate Social Responsibility Comes In Many Flavors, Some Not So Tasty", "OLR Backgrounder: Social Enterprise and the Benefit Corporation", "Certification Requirements | Certified B Corporation", "In Just a Few Months, Sistema B (AKA: B Corp) Finds Fertile Ground for Social Enterprises in Latin America", "B Lab and Sistema B Partner to take B Corps Global", "What's Wrong—and What's Right—with Stakeholder Management", "Benefit Corporations—A Sustainable Form of Organization? This economy is comprised of a new type of corporation - the B Corporation - In addition a B Corp must pay an annual fee based on revenues, biannually complete a B Impact Report (a lengthy questionnaire that measures social and environmental impact), meet B-Lab’s comprehensive social and environmental performance standards and make that B Impact Report public, in order to receive the certification from B Lab. You can search for open positions at B Corporations using B Work, the world's largest impact jobs board. Dec 7. B Corp Certification is a mark of trust: a promise that a company is doing business in a way that meets rigorous standards of social and environmental performance, transparency and accountability. Certified B Corporations also amend their legal governing documents to require their board of directors to balance profit and purpose. Anna Madill. The initial step is to complete an on-line assessment (B Impact Assessment). Standards Analysts are located at B Lab's Pennsylvania, New York, and Amsterdam offices. B Corporation (also B Lab or B Corp) certification of "social and environmental performance" is a private certification of for-profit companies, distinct from the legal designation as a Benefit corporation. Having a B Corp status is a marketing tool in itself. For instance, companies with more employees will have a heavier weighting in the workers category, and companies in manufacturing will have a heavier weighting in the environment category. 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. Why B Corps Matter We envision a global economy that uses business as a force for good. Corporation/LLC Search/Certificate of Good Standing Type of Search The Department of Business Services database includes information regarding corporations, not-for-profit corporations, limited partnerships, limited liability companies and limited liability partnerships, as well as, other business-related information. The B Corp community reflects the world's business landscape, ranging from sole proprietors to publicly-traded companies. The B Corp certification logo will eventually appear on all Tillamook brand packaging so consumers throughout the country know what the Tillamook brand stands for. Certified B Corporations achieve a minimum verified score on the B Impact Assessment—a rigorous assessment of a company’s impact on its workers, customers, community, and environment—and make their B Impact Report transparent on bcorporation.net. Add to your site in minutes! B-Corporations are not available in every state, yet. Stant USA Corp. is located in Connersville, IN, United States and is part of the Automobile Parts Manufacturing Industry. [16], Currently the B Corp assessment is its fifth version, with the sixth version scheduled to be released in January 2018.[19]. There are Certified B Corps in more than 50 countries around the world. Companies that get awarded B Corp status have committed to using their business to work towards a more inclusive and sustainable economy. To be a Certified B Corp, a company must meet high standards of performance, transparency, and accountability as set by the nonprofit B Lab. This is a community of leaders, driving of a global movement of people using businesses as a force for good. [4] To add on, many C corporations usually adapt the B Corporation Certificate to gain goodwill.[5]. We are the on ramp for inner city residents looking to find jobs in the solar industry. However, the certification brings a multitude of branding tools to the corporation. As B Corporations and leaders of this emerging economy, we believe: B Corp Certification doesn’t just evaluate a product or service; it assesses the overall positive impact of the company that stands behind it. See Boatright (2006) and Johnstone and Lionais (2004). A Certified B Corp is a company that has been certified by the non-profit organization B Lab. South Pole Achieves B Corp Certification in the United States 01 Sep 2020 Press Release South Pole USA, a leading climate solutions provider and project developer, is pleased to announce its certification as a registered B Corporation in the United States. Also achieved B Corp certification are overseen by B Lab people, communities, and transparent amendment the... S commitment to certain sustainable practices certification standard operates under principles that are,! About your workers, our community and the environment and nonprofits alone is no guarantee of commercial or success. 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