B Corporations (B Corps) 101
December 17, 2018
Quantaloop is looking into becoming a B Corp. because as the B CORP DECLARATION OF INTERDEPENDENCE states “We envision a global economy that uses business as a force for good.” Don’t know what a B Corp is? Well this post is for you! Certified B Corporations are a new kind of business that balances purpose and profit. The assessment evaluates how our company interacts with our workers, customers, community, and environment. There are currently only ~2,500 Certified B Corporations in more than 50 countries.
Straight from Certified B Corporation website: here is a detailed overview of what a B Corp is:
Certified B Corporations are businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. B Corps are accelerating a global culture shift to redefine success in business and build a more inclusive and sustainable economy.
Society’s most challenging problems cannot be solved by government and nonprofits alone. The B Corp community works toward reduced inequality, lower levels of poverty, a healthier environment, stronger communities, and the creation of more high quality jobs with dignity and purpose. By harnessing the power of business, B Corps use profits and growth as a means to a greater end: positive impact for their employees, communities, and the environment.
B Corps form a community of leaders and drive a global movement of people using business as a force for good. The values and aspirations of the B Corp community are embedded in the B Corp Declaration of Interdependence.
Quantaloop plans to be B Corp. certified and care about the overall positive impact of Quantaloop and stand behind our vision of creating “A sustainable and borderless ecosystem where all inhabitants of Earth come together to solve our planet’s most urgent problems and are rewarded fairly for doing so.”
Visit the official Quantaloop.com website to learn about the future of land regeneration and the creators of the QUDE Impact Token.
B Corps set the gold standard for good business and inspire a race to the top, creating performance standards and legal structures being used by thousands of other businesses around the world.
Reason why companies get B-Corp Certified
- Lead a Movement
- Build Relationships
- Attract Talent
- Improve Impact
- Amplify Voice
- Protecth Mission
Positive impact is supported by transparency and accountability requirements. B Corp Certification doesn’t just prove where your company excels now—it commits you to consider stakeholder impact for the long term by building it into your company’s legal structure. To learn more about the B Corp. certification: https://bcorporation.net/certification