With the vastness of certification availabilities, it is difficult to pinpoint the meaningful ones. Furthermore, a lot of them are sector specific, or only cover certain emissions.
B Corp’s holistic certification does not focus exclusively on a single social or environmental issue. However, it is built on the simple fact that business impacts and serves more than just the shareholders.
To achieve this certification, a company must go through a thorough evaluation. They are required to demonstrate high levels of social and environmental performance by obtaining a minimum verified score of 80 points out of 200. Furthermore, the company must legally commit to ensuring a material positive impact on all stakeholders while also exhibiting transparency. This can only be achieved through the clarification of all possible controversies as described in the questionnaire. The B Impact score is available online, with detailed scores made easily accessible to the public.
The B Corp certification assessment focuses on five key areas:
Governance, Workers, Community, Environment, and Customers.
One of the main goals of the B Corp certification is for the companies to continue to work towards improving their processes, impact, and structure. Therefore, the companies are required to undergo the verification process every three years, and adjust accordingly. Success can only be achieved by consistently engaging the different teams and departments across the company, so as to ensure that the entire company is constantly improving.
Attaining the B Corp certification was an incredible milestone that we are immensely proud of. It proved to us that we are on the right track, especially when it comes to our governance, which was our highestranking category. Thanks to our servant leadership approach, EQ practices and maintains many high standard practices that have been set since the very beginning.
We are committed to moving money to meaning and strive towards
Below are the overall scores of EQ’s B Impact assessment. They have been benchmarked against the mean of the sector, country as well as the industry