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Josephina DiMillo
February 8, 2024
Balancing financial success with sustainability practices can be a challenge for many companies. Becoming a B Corp allows businesses to focus on their social and environmental responsibilities while still making a profit.
B Corps, short for Benefit Corporations, are businesses that are committed to making a positive impact on the environment and their community. B Lab, a non-governmental organization, awards the B Corp certification to businesses that follow strict requirements to assess, measure, and report their emissions. This certification shows that your business upholds a “high standard of social and environmental performance”. The goal is to create an economy that is inclusive, sustainable, and equitable.
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AI is creating new opportunities for businesses, but it also comes with an environmental cost. Carbon offsets can help address some of those emissions, but businesses need to understand what they are offsetting, how offsets work, and why measuring and reducing emissions should come first.
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California SB 253 applies to companies over $1B in revenue — but its Scope 3 requirement reaches the automotive suppliers underneath them. What to expect and how to prepare.
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