BCORP Global Movement and Community 2 — Questions and Answers
Question 1: Which organization administers the B Corp certification globally?
- B Lab (Correct answer)
- United Nations Global Compact
- ISO Standards Board
- World Economic Forum
Correct answer: B Lab
B Lab is the nonprofit that certifies B Corporations and maintains the BIA standards worldwide.
Question 2: What does the 'Declaration of Interdependence' signed by B Corps affirm?
- That businesses have obligations to all stakeholders, not just shareholders (Correct answer)
- That B Corps must donate 1% of profits to charity
- That certified companies must be employee-owned
- That B Corps will only operate in developed countries
Correct answer: That businesses have obligations to all stakeholders, not just shareholders
The Declaration of Interdependence expresses the shared commitment that businesses should consider workers, communities, and the environment alongside profit.
Question 3: Approximately how many B Corps are certified worldwide as of recent years?
- Over 7,000 (Correct answer)
- Around 500
- Fewer than 100
- Over 50,000
Correct answer: Over 7,000
The global B Corp community has grown to over 7,000 certified companies across more than 80 countries.
Question 4: What is the primary purpose of the B Corp Champions Retreat?
- To connect B Corp leaders for peer learning and movement building (Correct answer)
- To conduct annual BIA re-evaluations
- To train new B Lab staff
- To certify new applicants in an accelerated process
Correct answer: To connect B Corp leaders for peer learning and movement building
The Champions Retreat brings together B Corp leaders to share best practices, collaborate, and strengthen the global movement.
Question 5: Which term describes B Corps that have demonstrated exceptional positive impact and serve as exemplars for the movement?
- Best for the World honorees (Correct answer)
- Platinum B Corps
- Impact Leaders
- Certified Champions
Correct answer: Best for the World honorees
B Lab publishes an annual 'Best for the World' list recognizing B Corps that score in the top 5% on the BIA across various impact areas.
Question 6: How does B Lab foster community among certified companies globally?
- Through online forums, local events, and the B Hive platform (Correct answer)
- By requiring all B Corps to share equity with each other
- Through mandatory joint marketing campaigns
- By publishing a unified B Corp product catalog
Correct answer: Through online forums, local events, and the B Hive platform
B Lab offers platforms like B Hive and facilitates local meetups and events to help B Corps network and collaborate.
Question 7: What is the significance of 'B Corp Month' celebrated each March?
- It's a global awareness campaign to promote the B Corp movement and attract new companies (Correct answer)
- It's when all B Corp recertifications must be submitted
- It marks the founding anniversary of B Lab
- It's the period when BIA scores are publicly released
Correct answer: It's a global awareness campaign to promote the B Corp movement and attract new companies
B Corp Month is an annual campaign in March where certified B Corps engage communities and raise awareness about the movement's mission.
BCORP Global Movement and Community 2
Which organization administers the B Corp certification globally?