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B Corp purpose and stakeholder governance requirement: How to guide Australia & Altered New Zealand Australia and Altered New ZealandOverviewA note on terminology: B Lab recently changed the term
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Review the current policies and procedures of the organization to identify any gaps or inconsistencies that need to be addressed in the global policy.
02
Research and familiarize yourself with b lab's values and requirements for certification.
03
Develop a draft of the global policy that aligns with b lab's standards and incorporates any necessary changes based on the organization's specific needs.
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Share the draft with relevant stakeholders for feedback and input to ensure buy-in and support for the policy.
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Monitor and evaluate the effectiveness of the global policy on an ongoing basis, making adjustments as needed to ensure continued compliance with b lab's standards.

Who needs b labs global policy?

01
Any organization seeking to obtain or maintain B Lab certification would need to have a B Lab global policy in place.
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Organizations committed to social and environmental responsibility, transparency, and accountability may also benefit from implementing a global policy that aligns with b lab's standards.
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B Lab's global policy is a set of standards and guidelines that businesses must adhere to in order to be certified as a B Corporation and demonstrate their commitment to sustainability and social responsibility.
Any business seeking to become a certified B Corporation is required to file a B Lab's global policy.
To fill out a B Lab's global policy, businesses must provide detailed information about their governance structure, environmental impact, treatment of employees, and engagement with the community.
The purpose of B Lab's global policy is to assess and verify a business's commitment to social and environmental responsibility, as well as adherence to ethical business practices.
Businesses must report on their social and environmental performance, governance structure, employee policies, and community engagement initiatives.
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