Good.Lab has become certified as a B Corporation™ (B Corp™), furthering our commitment toward driving internal impact while helping mid-market companies achieve the same.
Good.Lab, the leading developer of Environmental, Social and Corporate Governance (ESG) performance management software and sustainability consultancy for mid-market companies has announced its certification as a B Corporation™ (B Corp™), joining a growing group of companies reinventing business by pursuing purpose as well as profit. Good.Lab has been certified by B Lab, the not-for-profit behind the B Corp movement, as having met rigorous social and environmental standards which represent its commitment to goals outside of shareholder profit. Good.Lab is now part of a community of nearly 6,000 businesses globally who have certified as B Corporations.
The B Corp certification addresses the entirety of a business’ operations and covers five key impact areas of Governance, Workers, Community, Environment and Customers. The certification process is rigorous, with applicants required to reach a benchmark score of over 80 while providing evidence of socially and environmentally responsible practices relating to energy supplies, waste and water use, worker compensation, diversity, and corporate transparency. To complete the certification, the company will legally embed their commitment to purpose beyond profit in their company articles.
Good.Lab was founded with the intention of helping 10,000 companies advance on ESG initiatives and accelerate their impact. The B Corp certification was a major goal for us and is a natural fit given our aim to usher in a more equitable and sustainable economy through our ESG services and software offering.
Andries Verschelden, CEO & Co-Founder, Good.Lab
Key to achieving B Corp certification is Good.Lab’s revenue-driving solutions that focus on improving the impact of its clients by helping them to activate, accelerate and improve efforts to deliver positive outcomes in their communities, on the environment, to their workers, customers, and shareholders. The company also received high scores on how it treats its employees, with 100% of FTE and new hires receiving a living wage salary with a robust healthcare plan. Good.Lab also earned credit for its annual charitable contribution as a 1% for the Planet member.
Like us, our customers care about the social, environmental, and governance impact of their operations. We became a B Corp to demonstrate our active commitment to helping drive better business outcomes and demonstrate how business can be a powerful force to do good.
Certified B Corporations are leaders in the global movement for an inclusive, equitable, and regenerative economy. Unlike other certifications for businesses, B Lab is unique in our ability to measure a company’s entire social and environmental impact.
B Corp Certification is a designation that a business is meeting high standards of verified performance, accountability, and transparency on factors from employee benefits and charitable giving to supply chain practices and input materials. In order to achieve certification, a company must:
Demonstrate highsocial and environmentalperformance by achieving a B Impact Assessment score of 80 or above and passing our risk review. Multinational corporations must also meet baseline requirement standards.
Make a legal commitment by changing their corporate governance structure to be accountable to all stakeholders, not just shareholders, and achieve benefit corporation status if available in their jurisdiction.
Exhibit transparency by allowing information about their performance measured against B Lab’s standards to be publicly available on their B Corp profile on B Lab’s website.
Please join us in celebrating this exciting milestone in for our Company!
Disclaimer: Good.Lab does not provide tax, legal, or accounting advice through this website. Our goal is to provide timely, research-informed material prepared by subject-matter experts and is for informational purposes only. All external references are linked directly in the text to trusted third-party sources.
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