B Corp (Benefit Corporation)

A B Corporation, or B Corp, is a type of for-profit company that commits to balancing profit with social and environmental responsibility. It voluntarily meets high standards of transparency, accountability, and performance in areas like sustainability, social impact, and ethical practices. B Corps are certified by a third-party organization called B Lab, which assesses their positive impact on society and the environment. This certification signals to consumers, investors, and employees that the company prioritizes purpose alongside profit and aims to create long-term value for all stakeholders, not just shareholders.