BioBalance is proud to be New Zealand and Australia’s first supplement brand to achieve B Corp status, which is something to shout about! This means that they’re committed (and accountable) to being better and a force for change, in the ways that truly matter for the world. There are over 2,500 Certified B Corporations from more than 150 industries in 60+ countries with 1 unifying goal – to redefine success in business.
What is “B Corp” and what does it mean?
A B Corp Certification assesses the overall positive impact of a company, not just it’s product or service. Certified B Corporations meet the highest standards of social, environmental performance, transparency and accountability to balance profit and purpose. They are businesses who are accelerating a global culture shift to redefine success in business and build a more sustainable economy. Unlike traditional corporations, they are legally required to consider the impact of their decisions not only on their shareholders, but also on their stakeholders, for example their workers, suppliers, community, consumers, and the environment.
Society’s most challenging problems can’t be solved by government and nonprofits alone. The B Corp community works toward reduced inequality, lower levels of poverty, a healthier environment, stronger communities, and the creation of more high quality jobs with dignity and purpose. By harnessing the power of business, B Corps use profits and growth as a means to a greater end: positive impact for their employees, communities, and the environment.
This official B Corp certification helps BioBalance differentiate from pretenders, benchmark performance, save money and access services, as well as attract investors, partner with peers, and recruit and engage talent. And, it helps the wider marketplace see that there is ample opportunity to do well (financially) by doing good (for people and the planet)!
What do companies have to do to get B Corp certification?
In order to become certified, a company must do the following:
1) Meet the Performance Requirement: Companies must complete the B Impact Assessment, which is a comprehensive audit of a company’s practices and policies. The company must earn a minimum score of 80 out of 200 points.
2) Meet the Legal Requirement: Adopt the B Corporation Legal Framework to bake the triple bottom line mission of the company into its legal DNA. This allows the company’s values to thrive under new management, new investors, and new ownership.
3) Make it Official: Sign a Term sheet and Declaration of Interdependence to make the certification official.
What does this mean for customers?
You’ll still be getting the same high quality, effective and affordable supplements that BioBalance is known for, but you can be absolutely assured that everyone behind the scenes is supported. With a global seal of approval, you can know that BioBalance is a force for good in the world.
We’re proud to support BioBalance and thrilled to announce this achievement. Shop online now for BioBalance high quality and B Corp approved products.