B-CORP and company growth
Sustainability has become such a fundamental theme for companies that it is becoming one with companies’ activities. Every company process, from marketing to production, from human resources management to relationships with suppliers, contributes to the Benefit Impact Assessment (BIA) measurement.
The article published last week highlighted that more than 50% of the companies in the panel have been or are in the process of developing a sustainability plan. There are few, however, that are already considering sustainability as a foundation of their business model: the B-Corp companies.
Certified B-Corporations (B-Corp) are companies that voluntarily give priority not only to financial profitability but use their resources and visibility to address social and environmental issues. These companies aim to change the economic and cultural paradigms to better adapt to the century’s needs.
To be certified as B-Corp, a company needs first to be assessed on the impact on all stakeholders and then, this assessment needs to be verified by B-Lab, the nonprofit corporation behind the B-Corp certification.
B-Corporations pledge to see a profit that goes beyond monetary, considering environmental and social successes as part of corporate profit.
Is “being a B-Corp just about marketing”?
- 66% of the certified companies also saw an increase in profit
- 52% B-Corps increased their workforce
… it means that B-Corporations can also grow over time while pursuing the environmental and social performance needed for the certification.
Source: “Cambiare il mondo è un’impresa. Possibile” B-Corporation Certification 2021 Report
Can Process Mining Help Businesses Become More Efficient?
To improve your business, you need to make faster, more informed...
What’s holding organizations back from using Artificial Intelligence?
Artificial Intelligence (A.I.) is gradually changing the future of human evolution...
Business Excellence Pills: Critical to Quality Tree
“Quality is more than a promise, it’s genuine performance” - Ron...
5S – Workplace management methodology
5S methodology is a useful tool to organize the workplace with...
How can digital enable the transition to a more sustainable world
It is well known that Digital Transformation has the potential to...
Pros and challenges of intelligent document processing
Document proliferation continues to be a great challenge that cannot be...
Business Excellence Pills: Pareto Chart
“Are you struggling in identifying where to focus your effort to...
How do you measure the way digital transformation can create value?
There is no secret that every company is dealing with digital...
Do we need imagination for business?
People may underestimate the power of imagination for business. Imagination is...
Business Excellence Pills: SIPOC
Want to learn more about Business Excellence? Let's start this column named...
Main barriers to achieve organization’s digital objectives
“What are the main barriers to achieve your organization’s digital objectives?” In...