The B Impact Assessment is an evaluation tool used by System B to rate the positive impact generated by a company. To become a B Corporation, it is necessary to achieve a score of 80 proven points.
However, BIA, as it is known, has great utility for the company itself to assess its current impact and the potential improvements it can implement.
But why use the BIA to assess impact?
Reasons to use BIA for impact assessment
- Clear and well-defined parameters on impact in 5 dimensions:
- Governance: what your company can do to improve policies and practices related to its mission, ethics, corporate responsibility, and transparency.
- Workers: what your company can do to contribute to the financial, physical, professional, and social well-being of your employees.
- Customers: what your company can do to contribute to the socioeconomic well-being of the communities in which it operates.
- Community: what your company can do to improve its environmental management as a whole.
- Environment: what your company can do to increase the value generated for your direct customers and for the consumers and users of your products or services.
- International methodology, widespread and recognized in several countries, used by more than 100 thousand companies. The standards are created and reviewed by the Standards Advisory Council (SAC), a group of independent experts in business and academia.
- Free and confidential: There is no cost to complete the platform, it is provided by B Lab, a non-profit organization, and responses are confidential.
- Transparency: the evaluation allows for an honest disclosure of results and points for improvement, understanding that positive impact is a work of continuous improvement.
- It evaluates the company’s structure as a whole, not just a product or service.
Have any questions? Consult the B Impact Assessment Knowledge base.
Want personalized assistance? Come to talk with the We.Flow team.
