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How to meet the B Corporation legal requirement Australia & Altered New Zealand Corp Australia & Altered New Zealand Legal Requirement | Table of Contestable of Contents 18What is the legal requirement?
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B Corp eligibility refers to a company's ability to meet the standards set by B Lab, which assesses a company's social and environmental performance, accountability, and transparency.
All companies that are seeking to become certified B Corporations must file for B Corp eligibility as part of the assessment process.
To fill out B Corp eligibility, a company must complete the B Impact Assessment provided by B Lab, which includes questions about social and environmental practices, and submit supporting documentation.
The purpose of B Corp eligibility is to evaluate and certify companies that are committed to using business as a force for good, thereby promoting higher standards of social and environmental performance.
Companies must report information on their governance, workers, community engagement, environmental practices, and customers as part of the B Impact Assessment.
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