B Lab is U.S.-based nonprofit organization that was founded in 2006 that creates and awards the B Corporation Certification to for-profit businesses that voluntarily meet high standards of social and environmental performance, accountability, and transparency. Through this process, B Lab aims to create value for society, instead of only for traditional stakeholders of a corporation.
B Lab also creates standards, policies, tools, and programs that shift the behavior, culture, and structural underpinnings of capitalism. They mobilize the B Corp community towards collective action to address society’s most critical challenges.
By harnessing the power of business, B Lab positively impacts companies around the world, helping them balance profit with purpose. B Lab is shifting the global economy from a system that profits few to one that benefits all: advancing a new model that moves from concentrating wealth and power to ensuring equity, from extraction to generation, and from prioritizing individualism to embracing interdependence.