B Corporations
This is little divergent from MEA’s main business, but nevertheless I think it’s important and useful to know about the work this organisation does. I thought about adding this link to our website when I noticed that Nespresso (and I hate the use of coffee pods!) is a Certified B Corporation, so not all bad.
From their website…
We’re building the B Corp movement to change our economic system – and to do so, we must change the rules of the game. B Lab mobilizes the B Corp community towards collective action to address society’s critical challenges. Learn more about who we are, and how we’re working together to shift the behavior, structure, and culture of capitalism.
B Corp Certification is a designation that a business is meeting high standards of verified performance, accountability, and transparency on factors from employee benefits and charitable giving to supply chain practices and input materials. In order to achieve certification, a company must:
- Demonstrate high social and environmental performance by achieving a B Impact Assessment score of 80 or above and passing our risk review. Multinational corporations must also meet baseline requirement standards.
- Make a legal commitment by changing their corporate governance structure to be accountable to all stakeholders, not just shareholders, and achieve benefit corporation status if available in their jurisdiction.
- Exhibit transparency by allowing information about their performance measured against B Lab’s standards to be publicly available on their B Corp profile on B Lab’s website.
Go to B CorporationWebpage
For name of some B Corps in Australia, go to B Corps in Australia