B Impact Assessment
Developed by B Lab, a non-profit organization dedicated to using the power of business as a force for good, the B Impact Assessment helps companies measure their impact on workers, community, environment, and customers, empowering them to assess the performance, compare themselves to peers, and identify areas for improvement. This is a good choice for a for-profit organization looking to measure the social impact of their organization holistically. The tool is easy to use and available online free of charge.
Assessment is based on certain standards.
Who develops the standards?
The standards are created and revised by the Standards Advisory Council (SAC), a group of independent experts in business and academia.
Although the SAC creates the standards, we invite all interested to provide feedback to the standards. The best way to submit your feedback is to log into the B Impact Assessment and select “Leave Feedback” next to each question. If you are interested in learning about updates and opportunities to provide feedback as drafts are made available for testing and public comment, please subscribe to our V6 distribution list.
The Assessment also goes through a private and public beta period in which feedback is collected and integrated into final versions. Expert working groups are convened in order to explore our specific issues more closely in an objective manner. The Assessment is updated every three years in order to accommodate new and innovative practices, respond to the feedback of its users, and to more accurately assess the impact of all types of businesses.
In addition, B Lab has Regional Advisory Groups whose mandate is to deepen the engagement of regional experts in improving the Standards of the B Impact Assessment. Currently, B Lab has advisory groups in Latin America, East Africa, Australia and UK which provide constructive feedback and recommendations to B Lab and our Standards Advisory Council ( SAC) on regional specific issues. Learn more about the Regional Advisory Groups members here.