This is a weekly series of excerpts from the new book “The B Corp Handbook: How to Use Business as a Force for Good“ (Berrett-Koehler Publishers, October 2014). Click here to read the rest of the excerpts.
Here is the final installment of the six-week Quick Start Guide to becoming a Certified B Corporation.
As a refresher, week one focused on getting a baseline assessment of your social and environmental performance; week two focused on motivating and engaging your team; week three was about creating an action plan for B Corp certification; week four discussed how you can raise your B Corp assessment score; and week five was designed to help you power though the B Corp finish line.
END RESULT: Celebrate, and congratulate your team for taking this journey.
1. Publicize your accomplishments
Use this opportunity to share your success widely. Write an article in your company newsletter about your journey, accomplishments, and long-term plan. Try convening a “lunch and learn” with your staff to share your progress and encourage other employees to get involved. You also can publicize your achievement on your website, to engage your external stakeholders.
2. Consider building a stronger foundation
In more than twenty-seven U.S. states, including Delaware, the community of Certified B Corporations has helped pass legislation in support of a new corporate form called the benefit corporation. The benefit corporation gives entrepreneurs the freedom to consider shareholders, workers, suppliers, community, and the environment when making decisions. This helps ensure that your social and environmental mission can better survive new management, new investors, or even new ownership. See the appendix for additional details on the difference between Certified B Corporations and benefit corporations.
3. Focus on continual improvement
Like many things in life, this is not a quick fix but a process of continual improvement. For example, does your team disband after this project is over? Will someone continue to be the internal champion? What other big picture goals do you want to strive for? Clarify how you and your team will continue to work toward achieving your social and environmental goals. Establish performance targets, and perhaps incentives, for achieving those ideal outcomes.
4. Check out the B Resources portal
A great next step for new B Corporations is to visit the B Corp Resources Portal. The resources portal has information on product and service discounts, tips on how to raise capital from mission-aligned investors, and a wide variety of tools to help you further improve your B Impact Assessment score.
Ryan's Tip: Want to get the most out of your B Corp certification? I strongly believe that the key to maximizing the value of your certification is to make your involvement with the B Corp community a “top three” business priority.For example, B Corps in any sector—service, wholesale, retail, or manufacturing—can generate an incredible amount of thought leadership, business development, employee engagement, marketing opportunity, and innovative partnership entirely through utilizing the power and resources inherent in the B Corp community.This commitment to your fellow B Corps can make the difference between getting a great deal of value from your B Corp certification and wondering why you aren’t getting more.
Image credit: B Lab
Ryan Honeyman helps organizations like Ben & Jerry's, Method, Klean Kanteen, Nutiva, and CleanWell become Certified B Corporations and maximize the value of their B Corp certification. He is the author of The B Corp Handbook: How to Use Business as a Force for Good (Berrett-Koehler Publishers, October 2014). To get exclusive updates and free resources about the B Corp movement, sign up for Ryan’s monthly newsletter. You can also visit honeymanconsulting.com or follow Ryan on Twitter:@honeymanconsult.