B Corp., short for B Corporation is a Corporate Certification founded by the non-profit organization B Lab, USA. According to the industry and employee size, a customized quantitative evaluation is being done in the aspects of Good for Workers, Good for the Community, Good for the Environment, Good for the Long Term and Good to the Core. Once a company has passed the evaluation, the B certificate will be awarded to the company. The B certificate emphasizes on the Benefit for all Stakeholders, not merely just the Profit for the Shareholders. Currently, there are 1,882 B Certified Corps, in 130 different industries, and around 50 plus countries. There are already 19 B Certified Corps in Taiwan, each impacting the society in its own field. The fast-growing rate of Certified B corps makes Taiwan stands on top of the East Asian countries.
By studying the differences between a B Corp, a Social Enterprise and the Corporate Social Responsibility, we are able to grasp the development and characteristics of a B Corp, and therefore came to understand this chosen collaboration. As explained by Asia Pacific B Corp Association, the differences between B Corp and a Social Enterprise lies in their ultimate aim. Even though both types of corporate are oriented toward contribution to society and promotion of the public welfare, however, a Social Enterprise is set to resolve problem, while a B Corp. focus on common good and common well-being as its sustainable development goals while generating profits for the corporation. A B Corp bases its business decision on the welfare of all stakeholders, promoting Good for Workers, Good for the Community, Good for the Environment, Good for the Long Term and Good to the Core, even extends to the supplying chain, and thus promoting a well-being of the society as a whole.
Concept-wise, B Corp also differentiates from Corporate Social Responsibility (CSR). CSR refers to an enterprise’s social responsibilities toward the society and the environment, it usually only happens when the enterprise has excessive budget. Although the listed companies do have CSR Report, as demanded by the administration, most of the Small and Medium Enterprises find it difficult to manage the complex and high budget. Comparatively speaking, a B Corp uses an online quantitative scale (the Business Impact Assessment, BIA, see remarks 1) to examine the past performances of the business and to evaluate whether a decision making process considered the stakeholders as a whole. Once a business starting to regard people and the environment as the core value of a business, it will not give up practicing it under all circumstances. By using a clear quantitative data to evaluate, no matter what industry fields and business sizes a business might be, it can be examined by numbers. Furthermore, the cost for obtaining the B Certificate is reasonable and affordable, even for Small and Medium Enterprises.
＊Remarks 1：Companies will be assessed according to its industry, size and relevant topics from the screening scale. A company must score at least 80 out of 200 in order to be B certified.