Created by the NGO B Lab, the BIA is an international standard and a free online assessment tool that allows companies to evaluate their impacts and good practices. The systemic rating is based on the response to more than 200 elements in 5 impact areas: environment, employees, customers, community and governance.
The criteria and validation of the certification process are defined by B Lab’s independent Standards Advisory Council (SAC), including:
- Obtaining a minimum verified score of 80 points out of 200.
- Validation of the disclosure and transparency questionnaire with 60 unweighted items, clarifying possible controversies.
- The integration of B Corp Clauses in the company’s legal statutes: the company must have a material positive impact on all stakeholders including the environment and consider them in its decision-making process.