B Corp’s New ImpaCt topics
12 March 2024
Did you know the B Corp Standards are currently going through some major changes 👀?
The B Corp certification will move from a scored process where companies had flexibility in how to achieve an 80 score, to a new framework where all businesses must meet specific requirements across 9 Impact Topics. Consultation is ongoing, and it won’t be until 2025 before companies will certify or recertify on the new standards.
All B Corps will need to have processes in place to effectively management their impact across each topic. This will include:
· Establishing oversight and accountability for impact management
· Embedding impact management into organisational strategies
· Understanding potential impacts from the business
· Measure, assessing and valuing impact
· Setting targets and planning implementation and delivery
· Rolling out actions to management impact, and tracking implementation over time
· Publicly disclosing performance and plans to stakeholders
So, what are the new Impact Topics? Find out in today’s carousel.
Be part of the consultation on the new standards here - https://standards.bcorporation.net/en-us/draft
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