What Are The Requirements?
The B Corp Certification is a designation that a business is meeting high standards of verified performance, accountability, and transparency on factors from employee benefits and charitable giving to supply chain practices and input materials. In order to achieve certification, a company must:
Complete the assessment
Demonstrate high social and environmental performance by achieving a B Impact Assessment score of 80 or above and passing our risk review. Multinational corporations must also meet baseline requirement standards.
With the exception of circumstances outlined on B Lab's Controversial Issues page, any established for-profit company may pursue B Corp Certification. There is no minimum or maximum size. Certain companies, such as those under a year old, those with related entities, or large multinational and public companies, have additional considerations and requirements.
1
Preliminary check
Confirm your eligibility for certification, check legal requirements and determine your certification pathway.
2
Start assessment
Create an account and begin the
B Impact Assessment (BIA). Rally a team and get them involved in completing the assessment.
3
Collect documentation
As you complete the assessment, keep a record of your supporting documentation for verification later on.
4
Improve your score
After completing the assessment, reevaluate and prioritise improvement areas in order to meet an ideal buffer of 85 points.
5
Submit your assessment and pay the submission fee. Ensure you're on track to meet the legal requirement.
Submit assessment
6
Complete request for further information and documentation
for review by the assigned analyst.
Evaluation & Verification
7
If you meet the 80-pt benchmark after verification, sign the B Corp Agreement and pay the certification fee.
Certify!
8
All B Corps have to recertify every three years. Use the BIA as a tool for continuous improvement.
Continuous improvement
The general pathway to certification:
Verification & Certification Fees
The B Impact Assessment is provided as a public-good. B Lab Singapore encourages all companies to use this complimentary self-assessment framework to measure and improve their impact.
All companies submitting their BIA for B Corp Certification are subject to verification fees. This fee enables B Lab to focus resources and review processes on companies that are committed to the B Corp Certification. Verification fees for companies in Asia aspiring to be B Corps are currently subsidised and start at US$500.
The B Corp certification is eligible for three years and companies pay annual certification fees. In the third year, B Corps apply for recertification. Since 2022, B Lab Singapore has absorbed and will continue to absorb the verification fees for current Singapore B Corps seeking re-certification.
Both verification and certification fees are based on a company's gross revenue. The fees indicated below are in US$, and are effective 1st April 2023. Click here to see our Frequently Asked Questions (FAQs) on pricing.
Verification Fees
Verification fees are payable upon submission for the B Corp certification, and are non-refundable.
Company Revenues
Verification Fee
< $5M
$500
$5M to < $50M
$1000
$50M to < $100M
$1500
The verification fees for companies with >$100M in annual revenue depend on their complexity. Contact us for more information.
Annual Certification Fees
Company Annual Revenue
Certification Fee
Company Annual Revenue
Certification Fee
less than $1M
$1000
$1M to < $3M
$1500
$3M to < $5M
$2000
$5M to < $7.5M
$2500
$7.5M to < $10M
$3000
$10M to < $15M
$5000
$15M to < $20M
$7500
$20M to < $30M
$10,000
$30M to < $50M
$12,500
$50M to < $75M
$15,000
$75M to < $100M
$20,000
$100M to < $250M
$25,000
$250M to < $500M
$30,000
$500M to < $750M
$37,500
$750M to < $1B
$45,000
If your company generates more than $100M USD in annual revenue with 10 or more subsidiaries operating in multiple countries or generates more than $1B USD in annual revenue, you will fall under the Large Enterprise Certification Approach. The Large Enterprise cost structure is complex. The certification pathway consists of a combination of required and optional services, which are determined by the company’s operational structure and associated risk. Contact us for pricing information.
