B Corp Movement Now Amounts to 1,000 Companies in Europe

Editorial TeamEditorial Team
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October 5th, 2022
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4:07 PM

B Corp certification represents one of the many ways for companies to demonstrate, through action, real social benefit to make a small, big change in the world.

B Corp certified companies including The Body Shop, Chloé, and Looptworks belong to a global movement of companies willing to create change by using market power to provide solutions to social and environmental problems. The movement, which brings together companies that make a positive impact on people and the planet through their activities, is gaining more and more ground in the business landscape.

There are several benefits of being a B Corp. Such as:

It saves you costs Transformation of any kind costs money, but being registered as a B Corp actually saves a company money in the long run.

B Corp certification grants access to B Corp community data, providing companies with resources to learn the most cost-effective methods for achieving sustainability, unlocking both the benefits of those resources and their long-term effects.

You are part of a global network of companies As mentioned above, being part of the B Corp community comes with the advantage that you have access to exclusive data, connections around the world and global collaboration for your company.

You create an employee-centric environment Another great advantage of being a B Corp is that by publicly declaring your status, you effectively promote yourself to people aligned with your Brand Values.

This attracts like-minded talent looking to expand their career in a meaningful way and ensures an employee-centric environment that helps you keep your talent motivated and happy.

 

 

1,000 Companies in Europe

A thousand-fold impact has caused a ripple effect, involving more than 85,000 B Corp workers across Europe, spread across 26 countries, transforming more than 150 industries and generating an amplifying effect on customers and suppliers.

This October, it has already reached 1,000 B Corp companies across Europe, a figure that demonstrates the strength of the community on the old continent. Companies that meet the highest standards of social and environmental performance, public transparency and legal accountability, and work to move from individual impact to collective change.

This is not at odds with economic performance, as B Corps companies improve their annual economic results by an average of 30%, according to data from a sample of 700 of the 1,000 European companies belonging to the community.

Globally, this movement, which works collectively towards an inclusive, equitable and regenerative economy, already has a total of 5,811 companies - 31 of which are listed on the stock exchange - from 85 countries, which form part of a community that already brings together more than 466,000 workers and 158 different sectors. In addition, there are already more than 200,000 registered users of the "B Impact Assessment" measurement tool.

All of them add up to a turnover of more than 1.8 trillion on an international scale, of which 20 billion come from the European B Corps. Companies that strive to benefit all people and the planet and that, in addition to wanting to be the best in the world, also aspire to be the best for the world.