"B Lab, which oversees B Corp certification, launched the biggest overhaul in its 19-year history earlier this month, scrapping a system under which companies must gather enough points across multiple categories to qualify."
"The updated B Corp certification process is more rigorous than its predecessor, particularly for larger businesses. It requires companies to meet non-negotiable standards in every one out of seven categories, with attainment verified by a third-party audit."
"Sources familiar with the process said that some of the 10,000 companies that have the status will need to improve ethical standards to recertify, which they must do every three years."
B Lab has overhauled the B Corp certification process, raising standards significantly. Companies must now meet non-negotiable criteria in all seven categories, verified by third-party audits. This change follows scrutiny of B Corp certifications, including BrewDog's loss of status due to workplace culture issues. The updated requirements are particularly challenging for larger businesses and are influenced by new EU laws mandating external validation of ethical claims. Many of the 10,000 certified companies may need to enhance their ethical practices to maintain certification every three years.
Read at www.theguardian.com
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