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Corps lock queue report12/15/2023 ![]() ![]() Typically, the majority of these responses are minor in nature and therefore no further action is needed. ![]() Responses to the Disclosure Questionnaire do not affect a company’s numerical score on the B Impact Assessment but can ultimately affect its eligibility for certification. The Disclosure Questionnaire allows the company to confidentially disclose to B Lab any sensitive practices, fines, and sanctions related to the company or its partners. While B Corp Certification is primarily based on assessing a business' positive impact, material negative impacts are also considered through the Disclosure Questionnaire, background checks, and a public complaint process. As part of your assessment, you will be asked to complete the Disclosure Questionnaire the final series of questions your company will answer in the B Impact Assessment. We see this as a great opportunity to make a difference at scale and by doing so, to reinvent the role of business in society.Īs more companies apply for B Corp Certification, B Lab and its Standards Advisory Council must develop models for how to effectively evaluate the impacts of many different industries, policies and practices. B Lab’s focus is building on the powerful examples of social enterprises and extending it to support mainstream businesses that give the same rigour to their social and environmental impact as they do to their financial returns. Whilst there are some social enterprises that also certify as B Corps, the majority of B Corps in the UK would not self-classify as social enterprises under the UK definition. For further details on the criteria to meet the UK social enterprise definition, including the required use of profits and asset locks, see the SEUK website. In the UK, we are fortunate to have a developed concept of a social enterprise and an active community of businesses who are focused on achieving better outcomes in social and environmental areas. Companies certify as a B Corps by earning points on the B Impact Assessment relating to how they do business and whether their business model addresses a particular social or environmental need, and have their score independently verified by B Lab. B Corps are for-profit businesses that have made a commitment to create a material positive impact on society and the environment through their operations.
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