In today’s world, consumers are growing increasingly more conscious of how they’re spending their money, wanting to ensure that their purchases align with their morals and ethics. Not only do consumers care about social and environmentally sustainable practices, but they expect businesses to, as well. B Corp certification, then, is effectively a stamp that marks a business as being socially and environmentally conscious.
That’s not to say that businesses without the certification aren’t concerned about their social and environmental standing, but the conscious consumer will find it easier to see that a company’s values align with their own if they’re B Corp certified.
Whether or not B Corp certification is worth it will depend on your business, but generally it’s seen as a business plus. By trying to meet the rigorous standards it sets, B Corp status ‘inherently sets the standard of your business’s operational success much higher than 99% of your competition.’¹
Once you’ve submitted your B Corp assessment, you’ll need to pay a one-off fee of £250 plus VAT, and then pay a fee for each year that you’re a member. The latter isn’t a flat fee, but rather based on your company’s total revenue.
If B Corp determine that you’re facing ‘systemic barriers to business ownership’, you can receive a 40% discount on certification fees. You’ll have to apply for this discount when you submit for verification.
B Corp is open about the fact that it’s very rare for a business to achieve B Corp certification on their first attempt. It takes most businesses a significant amount of time and effort to be operating to B Corp’s strict standards their first time around and earn their accreditation.
The basic initial requirements for joining:
Date: June 29, 2023