What Is B-Corp Certification

Decent Essays
A B-Corp is a hybrid business organization, bridging the gap between profit and nonprofit. It does not however enjoy the same tax exemptions of a nonprofit and cannot receive tax-deductible donations or some foundation and government funding. Similar to other types of corporations, a B-Corp does focus on its financial returns, yet it is equally focused on making a positive difference in the society. The certification is obtained through a non-profit organization, known as B Lab. To become a B certified, a company must complete an assessment and submit supporting documents to B Lab. See www.bcorporion.net for more information on application. The B-Corp certification is considered by many to be the highest standard for a social enterprise and

Related Documents

  • Decent Essays

    The business I have chosen is FedEx Corporation which is an American multinational courier delivery services company that owned about 700 planes and 90,000 motorized vehicles. They have carried out social responsibility activities such as launching FedEx Care Week during which their workers volunteered to do community works and they had also volunteered at Gleaners Food Bank to provide disaster reliefs. FedEx had also used its fleet to assist in Typhoon Haiyan Relief Efforts. The company also engaged in EarthSmart Innovations which is their commitment to environmental sustainability. They use eco design packaging containing recyclable materials, using natural gas vehicles which burn more cleanly than diesel and thus produce lower CO2 emissions…

    • 199 Words
    • 1 Pages
    Decent Essays
  • Decent Essays

    In this task I will be evaluating the employability and personal skills required to become a Supervisor at Monsoon Accessorize. This job position will have specific skills and personal qualities that that the applicant will have to have to be aware of. These include skills and qualities that they will need to have to get the job and the skills and qualities they will need to have to retain the job. There are many skills that the applicant will need to have to get the job however many of these skills which will get the applicant the job will also be important for the applicant as he or she must continue to develop these skills within the work he or she is doing.…

    • 342 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    Fred and Sally Johnson, I have reviewed your questions and concerns regarding the formation of the business “Fred’s Miracle Cough Syrup”. Below you will find my comments and recommendations for each item of concern. Item I: Type of business entity A. Sole Proprietorship: A sole proprietorship in a business entity in which the sole owner is in control of the business and the management of it. The advantages of a sole proprietorship include the business owner being able to easily start the business, as it doesn’t require many legal formalities, the owner has complete control of the management of the business and can determine how to run the business in a way that works best for them, and the owner gets to keep all of the profits of the business.…

    • 706 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    APA Exam Paper

    • 1132 Words
    • 5 Pages

    The test responses should be typed. Select 25 items to answer out of the 50 items. Use the American Psychological Association (APA) Format to prepare the test. A cover sheet and a reference page(s) are required. An abstract is not required.…

    • 1132 Words
    • 5 Pages
    Improved Essays
  • Decent Essays

    Better Business Bureau is the non profit organization who serves as an intermediary between consumers and businesses. They should determine that the business meet BBB Accreditation Standards. Some of the systems that are put in place by the Better Business Bureau to protect businesses and consumers are as follows 1. Company should establish and maintain a positive goodwill in the marketplace. 2.…

    • 124 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Classifying Business The person I decided to focus on is my mother Cheri who works as RN (Registered Nurse) at the Brockville Psychiatric Hospital. One way businesses can be categorized is by whether they’re profit or non-profit. If the business is for profit the only goal is to make money.…

    • 598 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    Corporations An association of individuals, created by law or under authority of law,having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members.…

    • 1396 Words
    • 6 Pages
    Great Essays
  • Decent Essays

    The world would be unfair if corporations were treated as people. Corporations already have the 14th amendment which already gives them the rights to be a person. The rights that they already have are ok, but they shouldn’t be granted anymore rights. If corporations were treated as people, they would take advantage of many of the rights that people have. Corporations shouldn’t be treated as people because people may start claiming the rights that corporations have, corporations wouldn’t get punished fairly for crimes, and they would be able to give limitless amounts of money to political campaigns and candidates.…

    • 480 Words
    • 2 Pages
    Decent Essays
  • Decent Essays

    But in order to determine the legality of business proceedings, the legal fiction treating a corporation as an artificial person was created by the 14th amendment. Corporations have legal rights a normal person would have and more such as the right to spend money in elections. I think the idea of a corporation being a person is problematic because corporations are physically not a person and will never be a person, but they have more rights than the average person in this world. It is unfair and hard to understand why. Our world has given corporations the power to be a “person” by not standing up for their rights and allowing them to get away with many…

    • 410 Words
    • 2 Pages
    Decent Essays
  • Great Essays

    P3- Compare the ways in which at least two organisations of your choice apply the marketing mix (7P’s) to the marketing planning process to achieve business objectives Definition of marketing mix When it comes to defining marketing mix in words, then it would be referred as the actions and methods used by a business to promote their products or services. The marketing mix is important, because each of the elements on the diagram above influence each other when taking decisions. These 7P’s make up the whole business plan and if they are practiced in the right way there would be a great success to the business. (The economic times, no date) Title: Marketing Mix diagram:…

    • 1857 Words
    • 8 Pages
    Great Essays
  • Improved Essays

    While most people believe that non-profit are doing great public work, these organizations are often contributing to the increase of elitism and capitalist forms through corporate influence. Non-profit industrial complex (NPIC) is as a “set of symbolic relationships that link political and financial technologies of state and owning class control with surveillance over public political ideology, including and especially emergent progressive and leftist social movement” (Smith 8). This simply means that NPIC offers a space where corporations can control and authorize social justice movements through their financial support. It permits public monies to fall in the control of private corporation through foundations. The nonprofit industrial complex…

    • 870 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Wal-Mart a multibillion corporation is one of the largest companies in the US, employing about 1% of the American workforce. By offering some of the lowest prices on the market they quickly took over the business. But as Wal-Mart grew so did the grievances against it. In the documentary “Wal-Mart: The High Cost of Low Price” by Robert Greenwald the effects of the business on its employees and the communities they serve was investigated, the harm the corporation brings to its workers through the world and communities is much higher than the benefits of lower prices.…

    • 865 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Question #3: Chiquita Banana Case Corporations are dependent on their suppliers, employees, and customers to provide materials, labor, as well as sales; this dependent relationship of the company on its stakeholders implies a moral obligation by the company to protect the welfare of these stakeholders, especially if the company is to be successful in the long-term. Furthermore, a company like Chiquita not only has the financial flexibility but also the social and political power to help resolve social issues. Therefore, according to stakeholder theory, utilitarianism, and duty based ethics, Chiquita’s decision on how to approach the dilemma in Colombia should not be solely motivated by profit maximization alone, but should consider the impact…

    • 1015 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    We have been brought up with the misconception that the primary purpose of corporations is to increase profit for their shareholders even in cases of eleemosynary organizations. Milton Friedman in his 1970 article The Social Responsibility of Business is to Increase Profit, illustrates that the central responsibility of a business is “to use its resources and engage in activities designed to increase its profits” (pg 6). His reason being those corporate executives and managers are agents who are morally and legally obligated to act in the best interest of their principle. Friedman’s’ neoliberal economics, is being contested by stakeholders theory which takes socially responsible into consideration. Dana Brakman Reiser in the article The Next big Idea: Flexible Purpose Corporations introduces the idea that social enterprises have multiple objectives, which are to earn profits for owners and promote social good.…

    • 869 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Social responsibility is a heavily disputed topic in the world of business and economics. John Mackey, co-founder of Whole Foods Market, claims that a business has multiple social responsibilities to each of its shareholders. He includes customers, employers, investors, and the community as part of the business’ stakeholders and claims that in fulfilling the needs of each group, the company must be mindful of the values of the other groups. On the other hand, Milton Friedman claims that there is no social responsibility of business, and that social responsibility falls on the government instead. Lastly, there is T.J. Rodgers who leans towards the arguments made by Friedman and objects against Mackey’s philosophy of altruism ahead of individual…

    • 1021 Words
    • 5 Pages
    Improved Essays