2. Agenda
Where do you
stand now?
12.30pm – 1.00pm
Introduction to the B
Corp movement
1.00pm – 1.30pm
What’s involved
in certification?
1.30pm – 1.55pm
Panel: What does B
Corp mean to you?
1.55pm – 2.40pm
Understanding
the BIA
3.00pm – 3.30pm
Demo of
the BIA
3.30pm – 3.50pm
Time to
have a go
3.50pm – 4.40pm
Standards
Review
4.40pm – 5.00pm
3. Meet your fellow B Leaders
Pair up with someone and have a chat!
In 10 minutes, you’ll be introducing your partner to the
group…
Who are they?
What do they do?
What is their number one objective for this course?
5. The history of the B Corp movement
https://www.youtube.com/watch?v=Hayf9Ob9fiQ
6. One day all companies will compete to be best for the
world, and as a result society will enjoy a more shared
and durable prosperity for all
7. 60+
GIIRS RATED FUNDS
42,000+
USERS OF THE BIA
-
-
100+
MEASURE WHAT MATTERS
PARTNERSHIPS
1800+
CERTIFIED B CORPS
50
COUNTRIES
130
INDUSTRIES
1
UNIFYING GOAL
CERTIFIED
B CORPS
MEASURE WHAT
MATTERS
NEW
LEGISLATION
3500+
BENEFIT CORPS
33
LAWS PASSED
G8
TASKFORCE
ERISA
REFORM
8.
9. UK community & regional presence
Benefit Company legislation
Mobilising the
B Corp movement
in the UK
Team of 5 with some extra support!
Growth: B Leaders & MWM
Community: collaboration & events
13. How to become a certified B Corp…
1
Pass the
performance test
2
Meet the legal
requirement
3
Make your
status official
4
Pay the
certification fee
Score 80+ on the B
Impact Assessment.
Complete your
Standards verification
and Disclosure
Questionnaire
Amend your
company’s constitution
to reflect stakeholder
objectives
Sign the B Corp
declaration to show
your commitment
Depending on your
revenue, the
certification fee ranges
from £500 to £50,000
14. How to become a Pending B Corp…
1
Complete the BIA on
an aspirational basis
2
Meet the legal
requirement
3
Pay the
certification fee
4
Sign the Term
Sheet
Fill in the BIA based
on what you think
you will achieve in
the your first 12
months of operations
Amend your
company’s constitution
to reflect stakeholder
objectives
Pending B Corps are
required to pay the
certification fee of
£250
The Term Sheet sets
out the Pending B
Corp requirement
15. Demystifying the B Corp legal change
.
What is the Legal Test?
Commitment to the triple bottom line
Uses Companies Act Article 172A as legal basis to ensure a B Corp enshrines
commitment to:
- creating a material positive impact on society and the environment
through its business and operations
- considering ‘stakeholder interests’ – including shareholders, employees,
suppliers, society and the environment
- Provides comfort to Directors that stakeholders are not granted rights of
recourse against Directors
16. Demystifying the B Corp legal change
.
What is the process for implementing the Legal Test?
1. Board members review and develop timelines for implementation
2. Circulate to internal stakeholders for review (e.g. investors, audit committee, risk
committee, legal counsel, investment committee)
3. Board consider feedback. Any variations to language must be approved by B Lab
UK
4. Board approve language and convene a shareholders’ general meeting or, for
private companies, a written resolution
5. Shareholders approve by passing a special resolution
6. File amended Articles with Companies House
18. Learning outcomes
At the end of this module, you will be able to :
Understand the history of the B Corp movement, B Lab’s global
approach and how B Corps fit into the wider economy
Understand B Lab UK’s vision and strategy for redefining
success in business in the UK
Understand the high-level process involved in certifying as a B
Corp, including the legal change
19. Agenda
Where do you
stand now?
12.45pm – 1.00pm
Introduction to the B
Corp movement
1.00pm – 1.30pm
What’s involved
in certification?
1.30pm – 1.55pm
Panel: What does B
Corp mean to you?
1.55pm – 2.40pm
Understanding
the BIA
3.00pm – 3.30pm
Demo of
the BIA
3.30pm – 3.50pm
Time to
have a go
3.50pm – 4.40pm
Standards
Review
4.40pm – 5.00pm
Hinweis der Redaktion
12.40 – 12.45
At the end of the day, there will be a quiz and there are prizes in store!
12.45 – 13.00
Plot yourself along the spectrum from I’m new to B Corps to I’m a B Corp expert.
Introduce yourself and explain what you are hoping to get from the course?
12.30 – 12.40:
Welcome to B Leaders
Great mix of people in the room Lots of content to get through – wanted to touch on everything. Great breadth. Way that we’re going to give you the depth is to provide extra videos, case studies and reading to enrich what we’ve discussed here.
The AND1 story – seed of the idea for B Corps
SYSTEM CHANGE:
Engage all types of institutions, especially businesses to address the world’s social and environmental challenges. We do this by supporting an ecosystem that allows this to happen.
For business by business.
Proving that business can be about both profit and impact.
From the panel that we have later on, see that we feel that this is a wider eco-system shift. This involves not only business but government, academia, investors, lawyers, accountants.
Our panel later will give you a feel for the breadth of what we’re trying to achieve.
We’re driving for change through 3 core streams:
B Corp movement
MWM
Impact Governance
We’re part of a global movement. With that comes great power – we have the collective voice of businesses in 50 countries.
Which countries does each region cover?
How it operates, e.g branches vs. country partners
Why do we have B Lab Europe, UK and Portugal separately?
B Lab East Africa launching in Spring 2017 and South Africa later on in 2017
B Lab UK is the regional partner who mobilises the UK B Corp movement
We’re a team of 5 with some extra support
Community: Collboration (B Hive) and events (B Fest)
Growing UK community (hired BD manager) and exploring our regional presence
Benefit company legislation – hear more about this later
Growing the movement: B Leaders – innovators who are out there helping businesses. Not just about B Corps – using the tools, starting the journey to measure. MWM programmes
B Lab UK launched in September 2015 with 62 B Corps
We’re now up to 103 B Corps
Key stats on the community:
Sector range
Size range
Community events
Community strategy for 2017
B Lab UK launched in September 2015 with 62 B Corps
We’re now up to 103 B Corps
Key stats on the community:
Sector range
Size range
Community events
Community strategy for 2017
High level intro to the certification process
Detailed run through of BIA, standards verification and DQ after break.
Luke talk through legal change
High level intro to the certification process
Detailed run through of BIA, standards verification and DQ after break.
Luke talk through legal change
Hear from Simon and Michelle / Adam on their experiences of making the legal change.
Hear from Simon and Michelle / Adam on their experiences of making the legal change.
2.40 – 2.45
What have we covered so far – Learning outcomes
Break now and then dive into the BIA this afternoon
