![]() What impact would a B Corp have on you? How would your company perform? Take the B Impact Assessment to find out.įor more information on how to become part of the Canadian B Corp community, visit small excerpt from 1910s Bolivia each stamp includes the Scott number, design, denomination, color, unused and used prices, and additional annotations as needed. The aim of this hub is to support the current Canadian B Corporation community to advocate for relevant legislative change in the provinces starting with Ontario and to support the growth and development of social impact metrics (i.e. We see B Corps playing essential roles in building this economy and have formed a unique partnership with B Lab to create the Canadian B Corporation Hub right here at MaRS. We are actively seeking to build a new Canadian economy of social businesses, mobilizing private capital for public good. Centre for Impact InvestingĪs announced last week, MaRS will be launching a Centre for Impact Investing (CII). They also scored high in accountability, specifically in the transparency of their company information and disclosure. This is demonstrated in their ownership, clients, suppliers and employees. Hypenotics scored high marks in the community area due to their involvement with local stakeholders. They focus on meaningful marketing by helping brands that are doing good things become relevant and useful. Toronto-based communications firm Hypenotic – is a primary example of a Certified B Corp. The B Corp certification provides a stamp that says “This company considers its stakeholders in all its business and adheres to high social and environmental standards” in the same way a Fair Trade stamp says “This product was made using fair practices.” Unlike the Fair Trade stamp, B Corp certification goes beyond a product or a practice, accounting for the entire company and its impacts.Īs of this post, there are over 460 Certified B Corps in North America with $2.2 billion in revenues. However, today – where the benefit of the doubt cannot simply be given – how can one be sure whether a corporation has embedded such values into their culture or whether they just have another heart-tugging marketing campaign?ī Corp certification – “This company considers its stakeholders in all its business and adheres to high social and environmental standards”Ī third party and reliable standard must exist. These values-based companies are striking a chord with conscious consumers and investors who are looking to make an impact with their capital. This new type of corporation addresses the fact that while government and non-profit services are necessary, they are not sufficiently prepared to tackle the overwhelming social and environmental issues we face. This certification, based on a points system, is provided through B Lab, a non-profit organization dedicated to supporting this growing ecosystem of companies creating good. To receive certification, companies must meet high quality and independent standards of social and environmental performance in the areas of accountability, employees, consumers, community and environment. *Blog cross-posted from SocialFinance.ca Certified B Corporations are a new type of corporation which uses the power of business to solve social and environmental problems
0 Comments
Leave a Reply. |