In recent decades, the business landscape has undergone a transformative shift, emphasising broader shareholder values and adopting the bottom line ethos of People, Planet, and Profit.
This global movement has led companies to integrate environmental, social, and corporate governance principles into their operations, giving rise to a new organisational archetype—the certified B Corporation, widely known as the B Corp.
Learn more about the power of the growing B Corp movement to address global challenges in this short article.
Social and environmental responsibility
As companies shift to integrate environmental, social, and corporate governance principles into their operations, the certified B Corporation, widely known as the B Corp has emerged as the gold standard for businesses. A B Corp is a company dedicated to social and environmental responsibility, certified by the B Lab, a global nonprofit that ensures that certified businesses adhere to high accountability standards. Certification evaluates governance, employees, customers, community, and environmental practices, requiring a thorough process that lasts up to 18 months. Recertification is mandatory every three years, with legal obligations to consider impacts on employees, customers, suppliers, the community, and the environment.
A growing movement for people and the planet
The B Corp movement has seen exponential growth since the first B Corps were certified in 2007, with a 238% increase in participating companies since 2012. There are currently over 8,200 certified B Corps in more than 95 countries and 162 industries. The UK leads with the fastest-growing B Corp community, boasting 1,500 certified companies representing £123 billion in combined revenue, marking a 50% increase in the last 12 months.
The movement’s success is attributed to active collaboration among B Corps, addressing challenges, and partnering with the B Lab to tackle global issues. This collaboration fosters inclusivity, resilience, and loyalty among employees, customers, and investors, creating new opportunities for investment. Expanding this collaboration to a B Corp UK charity partnership could mean even higher social and environment impact.
However, becoming a B Corp isn’t for every company, and there has been criticism in recent years with larger global corporations attaining B Corp status, prompting calls for standards review to address potential greenwashing. In response, B Lab, both in the UK and globally, is preparing for tougher certification standards to elevate B Corp performance on issues like the climate crisis, racial equity, public health, and other global challenges.
Collaboration for good: a B Corp UK charity partnership
The parallels between the B Corp movement and GlobalGiving are evident in their shared commitment to positive social and environmental impact through business practices. Both emphasise collaboration as a driving force for positive change. B Corps collaborate to amplify collective impact, fostering a community dedicated to social and environmental responsibility. Similarly, GlobalGiving facilitates collaboration between nonprofits, donors, and companies to maximize the effectiveness of community-led initiatives addressing global challenges. A B Corp UK charity partnership is one that embodies these values and drives change forward.
The B Corp movement and GlobalGiving exemplify how collaboration and a commitment to positive impact can drive meaningful change in both the business and philanthropic sectors. For those interested in mission-aligned collaborations, GlobalGiving invites outreach to accelerate community-led change worldwide.
Learn more about how GlobalGiving can help elevate your B Corp impact.
Elevate your impact
Featured Photo: Transforming the Social Finance sector in Brazil by sitawi