What is a B Corp? The Lovevery example
We heard from a lot of you that you weren’t really sure what it means to be a Certified B Corporation. In celebration of B Corp Month (and because we’re a little nerdy around here), we’ll break down our B Corp score to give an example of how it all works.
A B Corp meets the highest standards of verified social and environmental performance, transparency, and accountability.
To be a certified B Corp, a business needs to score at least 80 points by an outside certification group, B Lab, that measures a company’s social and environmental impact. The median score for an ordinary business is 50.9. Lovevery earned a total score of 86.3.
5 important factors for B Corps
So what went into our score? Companies are evaluated in 5 categories:
- Workers
Lovevery cares for the well-being of its employees with a comprehensive healthcare plan, a retirement plan, flexible parental leave, and a majority of employees are paid a family living wage.
- Community
Lovevery supports its community by working with purpose-driven and third-party-certified suppliers, creating products and practices that prioritize inclusion and equity, giving back to our local and global community, and maintaining a growth rate that encourages global economic development.
- Environment
Lovevery protects the environment by measuring and offsetting emissions from our business operations, sourcing 100% renewable energy for our headquarter’s office, integrating sustainability in our company culture, sourcing responsible and innovative product materials, and collaborating with partners to accelerate climate change solutions.
- Governance
Lovevery prioritizes governance by acting on its mission to support families, through its delivery on The Lovevery Commitment, and work to ensure equity, inclusion, and access.
- Customers
Lovevery cares about its customers by advocating for healthy early childhood development; crafting quality and sustainable products for our customers; creating ethical marketing, data privacy, and security practices; serving families with a support system for early learning; and maintaining open, two-way communication with our customers.
We are proud to be a Certified B Corporation. We’re committed to you, to our planet, and to our global community—and our work is never done.
Posted in: 12 - 48 Months, 0 - 12 Months, Lovevery, Lovevery, Parenting
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