FREE BCORP Licensing Criteria Questions and Answers
Which of the following areas does the B Impact Assessment NOT evaluate?
The B Impact Assessment evaluates a company’s performance in areas like workers, environment, community, and customers. It focuses on the company's overall social and environmental impact, not its financial profit margin.
What is the minimum score a company must achieve on the B Impact Assessment to be eligible for B Corp certification?
To become a Certified B Corporation, a company must score at least 80 points on the B Impact Assessment, which measures the company’s impact on various stakeholders like employees, community, and the environment.
Which of the following best describes the legal requirement for Certified B Corps?
Certified B Corps are legally required to amend their governing documents (such as articles of incorporation) to consider the interests of all stakeholders, not just shareholders. This legal accountability is a key aspect of B Corp certification.
How often must a Certified B Corp recertify to maintain its certification?
Certified B Corps must undergo the recertification process every 3 years to ensure they continue to meet the rigorous standards of social and environmental performance.
Which of the following is NOT a component of the B Impact Assessment?
The B Impact Assessment evaluates governance, customers, environmental impact, workers, and community. While product design may indirectly affect some of these areas, it is not a distinct component of the assessment criteria.