Our B Corp Impact
Learn more about B Corp
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Being a Certified B Corp is a designation that means 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 and worker protections 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.
As leaders in the movement for economic systems change, B Corps build trust with consumers, communities, and suppliers; attract and retain employees; and draw mission-aligned investors. As they are required to undergo the verification process every three years in order to recertify, B Corps are by definition also focused on continuous improvement, leading to their long-term resiliency.
We certified in 2018 and we continue to find new ways to fulfil our commitment to profit, people and planet and purposeful business.
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Years ago, a mother and daughter had an audacious dream to change the world for the better. Their belief, that understanding yourself and others would provide a path to better lives for all, resonated with our founder, Dr. Black. He believed in the importance of a company’s purpose. And he was ahead of his time in his emphasis on the growing importance of a company’s approach to doing business:
“The Company image will become much more important but this image will not depend simply on the quality of its products or services or whether its prices are lower, but on a whole complex of other factors as well, such as its treatment of employees, its vigor in minority hiring and promotion, its freedom from exploitation of undeveloped countries, its efforts to conserve natural resources and prevent pollution, its own ethical standards and its commitment to solving social problems.”
-Dr. Black, Founder of The Myers-Briggs Company (formerly known as CPP)
Our commitment includes providing socially-sound, high-quality products and services in an environmentally responsible manner.
And that purpose resonated with the B Corp mission: using business as a force for good.
So alongside 8,500 companies, in more than 100 countries and over 160 industries, we became a Certified B Corp to be part of a global movement of for-profit businesses building an inclusive and sustainable economy that works for everyone.
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While the certification process varies depending on your company’s size and complexity, all companies must go through a similar process to become a B Corp. B Lab Global and your regional B Lab or Sistema B organization are the organizations that audit companies who apply to be a B Corp.
Read more about The Myers-Briggs Company’s 2022 B Corp re-certification.
Learn more about the process at https://www.bcorporation.net/en-us/certification.