Asked by Blake Kahlbaugh on Feb 18, 2024
Verified
What is a B Corporation and how does a company become one?
- Knowledge of the criteria and requirements for a company to become a B Corporation.
- Familiarity with the assessment process and evaluation criteria used to determine B Corporation status.
- Understanding the concept of a B Corporation and its significance in the business world.
Verified Answer
OE
Olivia ElswickFeb 18, 2024
Final Answer :
Unlike a Benefit corporation,a B corporation is certified and has no legal status.B Lab is the only entity to certify companies as B corporations.Certification is based on a company's strict adherence to social responsibility and sustainability.
Learning Objectives
- Knowledge of the criteria and requirements for a company to become a B Corporation.
- Familiarity with the assessment process and evaluation criteria used to determine B Corporation status.
- Understanding the concept of a B Corporation and its significance in the business world.