Living Business is officially a B Corp

Published on July 13, 2023

Living Business proudly joins the B Corp community, committing to a sustainable future.

A B Corp, also known as a Benefit Corporation, is a business that is legally required to consider the impact of its decisions not only on its shareholders but also on society and the environment, in addition to generating profits. B Corps are accountable to a set of rigorous standards and undergo a certification process to demonstrate their commitment to meeting the following criteria: Social Responsibility, Environmental Stewardship and Accountability and Transparency.

Social Responsibility: B Corps prioritize social considerations and aim to have a positive impact on their employees, customers, suppliers, and communities. They promote fair and equitable practices within their organization, such as providing good working conditions, fair wages, and opportunities for employee growth and development. B Corps also strive to create products or services that address social needs and contribute to the well-being of individuals and communities.

Environmental Stewardship: B Corps are committed to minimizing their environmental footprint and promoting sustainable practices. They focus on reducing waste, conserving energy and water, and adopting environmentally friendly production processes. B Corps also consider the lifecycle impact of their products or services, from sourcing raw materials to disposal, and work towards minimizing negative environmental effects throughout their operations.

Accountability and Transparency: B Corps believe in being accountable for their actions and transparent about their impact. They commit to high standards of corporate governance and engage in responsible business practices. B Corps undergo a rigorous assessment process to measure their performance against established social and environmental standards. The assessment evaluates various aspects of the business, such as governance, worker practices, community involvement, and environmental impact. By meeting these standards and obtaining B Corp certification, companies demonstrate their commitment to transparency and accountability.

Check out our profile on the B corporation website here:

Source: Press release