B Lab’s Post

📢 Our 2023 Annual Report is here, packed with insights, highlights from our network, and stories of better business impact. From navigating global shifts to empowering a growing community of change-makers, join us for a glimpse into the milestones that defined the #BCorp movement in 2023. Ready to explore? Head over to our website and read the full report for an in-depth look at our progress: https://bit.ly/4dzcW9U

Looking for your next listen while you tan by the pool? 🏖️😎 Head over to B Lab’s Forces for Good podcast episode "How can business learn from mistakes and improve?" where we delve into the heart of #BCorp Certification: continuous improvement. Hear from Femme van Gils, former Sustainability Manager at Ace & Tate, on their bold “We F*cked Up” campaign and how their journey towards becoming #BCorpCertified pushed them to take accountability for every misstep. Also featuring Kaye Matereke, Senior Partner at Lighthouse Capital Group, and Christopher Marquis, Professor at the University of Cambridge and author of Better Business: How the B Corp Movement is Remaking Capitalism, this episode is packed with insights to inspire your path forward. 🎧 Listen to the full episode here: https://spoti.fi/4dddH8m #PodcastEpisode #ForcesForGood #BCorpMovement

🌍⌛ Today, 1 August, 2024, is #EarthOvershootDay: the day we’ve used up more of our planet’s resources than it can regenerate in a year. This date has advanced by five months over the past 60 years, and now, we would need 1.75 Earths to sustain humanity's current consumption rates. Businesses often contribute to this problem by consuming more resources than the planet can regenerate and prioritizing short-term profits over long-term sustainability. But #BCorps are proving that businesses can—and must—also be part of the solution. By moving away from economic principles that promote greed, wealth inequality, and ecological collapse, the #BCorpMovement is working towards a future where businesses regenerate rather than deplete our planet’s resources. As the climate crisis intensifies, it is crucial to accelerate our efforts to #MoveTheDate of Earth Overshoot Day. We must shift from incremental improvements to substantial, impactful actions. This urgency is why the standards for #BCorpCertification are evolving. Swipe right to learn more or read the “Environmental Stewardship & Circularity” impact topic in our latest draft standards https://bit.ly/3WpSFvT

 📩🔔 Newsletter alert! We're thrilled to bring you the latest edition of B Lab's newsletter: Forces for Good! This month, we delve into the collective power of the #BCorp movement and explore how it is reshaping the laws, policies, and regulations that uphold our current economic system. 📢 Key highlights from this issue: - Discover how B Lab Spain is leading the charge in reforming their region’s legal framework for purpose-driven companies - Learn about B Lab UK's Better Business Act campaign, which is rallying over 2,500 companies for legal reforms - Understand the critical importance of shifting from voluntary standards to mandated policies for all businesses  📬 Read this month's edition of Forces for Good and subscribe to keep up with the latest updates on the B Corp Movement. #BusinessForGood #Sustainability #SystemsChange #ForcesForGood

Wondering what the future of work will look like? Spoiler alert: it’s green! 🌱 With climate change intensifying and companies racing to go green, roles like sustainability analysts and chief sustainability officer are among the fastest-growing globally, according to LinkedIn. But here’s the catch: only 1 in 8 people have the skills needed to tackle the climate crisis, and women are particularly underrepresented. #BCorps are rising to the occasion. Compared to ordinary businesses, B Corps are 2x more likely to provide training on social or environmental issues and 3.3x more likely to incorporate these into managers' evaluations. In 2023 alone, 550,000 B Corp employees received such training. Learn more in our 2023 Annual Report: https://bit.ly/3Uv8z7n What green skills do you see as crucial for your career growth? 🌍💼 #SustainabilityJobs #BCorpMovement

The last two financial crises resulted in recessions, financial market instability, and high unemployment rates, but one group of companies proved resilient. #BenefitCorporations – businesses that balance profit with social and environmental impact – experienced crisis attrition rates of less than 5%. In the latest podcast episode of Work for Humans with Dart Lindsley, Bart Houlahan, co-founder of B Lab, shares why companies that invest in people outperform in their field, the three main components of a #BCorporation, and the long-term benefits of stakeholder capitalism. "The purpose of business is about creating value for all of its stakeholders, not just exclusively its shareholders. And what I am excited to tell people is that, over and over again, we are seeing that they are not a different choice and that, in fact, trying to consider and make decisions for your stakeholders drives value for your shareholders over the long haul.” — Bart Houlahan. 🌟🎧 Listen to the full episode here: https://lnkd.in/dk2JeCgf #PodcastEpisode #StakeholderCapitalism #BCorp #Sustainability

🌟 As of the end of 2023, over 100,000 employees work at #BCorps with an employee ownership plan. This alternative ownership structure is a powerful catalyst for economic inclusion, enabling wealth-building amongst historically marginalized groups and giving all employees a real say in the company’s direction. 🗣️💼 Not only does this empower workers, but it also boosts the bottom line by turning “just a job” into “MY job”. 📊✨Learn more about the incredible impact the #BCorp movement continues to have on workers in our 2023 Annual Report: https://bit.ly/3Uv8z7n Do you know of other alternative ownership structures that could revolutionize the workplace? Tell us about them in the comments! 👇 #EmployeeOwnership #WealthBuilding #InclusiveEconomy