B Corporation

In business, B Corporation (also B Lab or B Corp) is a private certification of for-profit companies of their "social and environmental performance". It is distinct from the United States legal designation of a benefit corporation. B Corp certification is conferred by B Lab, a global nonprofit organization with offices in the United States, Europe, Canada, Australia and New Zealand, and a partnership in Latin America with Sistema B. To be granted and to maintain certification, companies must receive a minimum score of 80 from an assessment of "social and environmental performance", integrate B Corp commitments to stakeholders into company governing documents, and pay an annual fee based on annual sales.[1] Companies must re-certify every three years to retain B Corporation status. https://en.wikipedia.org/wiki/B_Corporation_(certification)

• In the United States, a benefit corporation is a legal status conferred by state law in the US. Legislation for the passage of benefit corporation legal status has been passed in 35 states, including Delaware.[16] B Lab certification is privately issued by a non-profit organization run by people principally from the business community. It has no legislative framework, and is not needed to obtain benefit corporation status.