B-Corp Business Essay Example | Topics and Well Written Essays - 1000 words

B-potbelly Business - Essay ExampleIn order to become a B-Corp, in that location exists the whole certification process named B-Corp Certification. This certification implies the process of validating the friendships social and environmental performance which is measured through the specific impact assessment framework (Bcorporation.net, n.d.). The process of certification has three poses meet performance requirement meet legal requirement and make it official (Bcorporation.net, n.d.). The lodges performance is assessed based on the overall impact which it has on the stakeholders. This assessment is lasting for 1-3 hours, depending on the companys size, location, and sector in which it operates. Then, champion of the B science lab staff members appoints an Assessment Review session in order to clarify questions and enable the company to refine the answers (Bcorporation.net, n.d.). In case the companys score is between 80-200 points, the B Corp team members provide the applican t with education on how to submit supporting documentation. When Assessment review stage is completed, the company has to complete Disclosure Questionnaire, where it informs about any sensitive practices, sanctions and fines related to this company or its partners (Bcorporation.net, n.d.). While the majority of such disclosures are not essential, thither are cases when there are material disclosures which require more attention. In this case, the companys management will need to provide more information on this issue. Decision about acceptance and membership/participation of the company in the B Corp community is made by the B Labs Board of Directors and Standards Advisory Council (Bcorporation.net, n.d.). The B Corp Certification process should be completed every two years.As it has been already mentioned the B Corp community is comprised of more than 1000 businesses. These companies operate in 60 different