Today’s companies have to keep up with too many things, but few are as important in the medium and long term as sustainability and commitment to the environment. For this reason, being a B company, or a B Corp is one of the aspirations that many companies are currently facing. In this article we tell you what this new trend is all about and how you could sign up for your company to be part of this movement. So, let’s get to it.

Building a sustainable world

We all know that the collective awareness of the environment and the common good has strengthened in recent years.

Many thought that, with time, this whole green wave and climate change discourse would be forgotten, but contrary to that belief, they are still more present than ever.

All the movements in favor of environmental protection and care for the planet have grown so much that today all companies in the world must take into account their environmental impact, since consumers are increasingly demanding on this issue and it can damage corporate reputation.

Cruelty-free products, vegan products, environmentally friendly products are some examples of what people are looking for on labels today.

Now, in order to be recognized as a B corporation, your company must meet certain conditions, but what is a B corporation, you may ask?

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What is “B Corp” or a B company?

A B company is one that has a certificate issued by B Lab, a global non-profit organization. This certificate guarantees that your company has an optimal social and environmental performance.

But what does it mean to have an optimal “social and environmental performance”? Well, to qualify for this certificate, your company must meet certain requirements:

1. Comply with the highest standards of social and environmental performance: this aspect refers to good communication and understanding with customers, workers and communities directly affected by the company’s activity, and that the company’s activity is sustainable.

2. Public transparency: refers to the B Impact Report being open or disclosed to the public on the corporation’s website to avoid mistrust and keep people as informed as possible.

3. Legal responsibility: in this sense, the company must be up to date with its payments and must assume responsibility for its decisions and actions; in particular, with regard to the balance of purpose and profit.

You may also be interested in: Sustainable Development: What is it and how to be a sustainable company?

Likewise, you should know that, background checks are also part of the evaluation to become a B company.

This certificate evaluates your company comprehensively. It focuses not only on one aspect, but on the company as a whole; from interaction with employees and customers to environmental and social impact.

In order to acquire B corp certification you must pass a rigorous assessment of your company and amend your legal governing documents to make the balance between profit and purpose a legally binding part of the company’s constitution.

Becoming a B company means building trust and making your customers feel more comfortable with your products or services, making a pleasant workplace for your team and reassuring the community through environmental policies.

Do you have any further questions about the company’s constitutions and developments? Do you have any questions about the processes? Don’t hesitate for a second and contact us.

Our team is ready to respond to every aspect of your business, at TAS Consulting we are your reliable partner in Spain!