Are B Corporations and private equity compatible?
By Paul Bryant - Bridges Fund Management and others share their views on the growing B Corp movement within the impact-investing arena…
More businesses are formalising their ESG credentials by becoming certified ‘B Corporations’ or ‘B Corps’, where the ‘B’ stands for benefit. And it’s not just a trendy badge or politically correct aspiration.
B Lab, the non-profit organisation behind the movement, has created an impact assessment that measures companies on governance, worker, community, and environment metrics. Those meeting the minimum criteria qualify for certification and are re-assessed every two years. B Lab identifies best practice, creates benchmarking measures and co-ordinates knowledge-sharing among members so they can continually improve, with a mix of ‘quick-wins’ and larger, longer-term ESG projects.