As every system has room for improvement, particularly when it comes to certification, a V7 of the specification is currently being revised before final practical application is scheduled for 2024. As an evolving and systemic certification, B Corp introduces a new scope of ten assessment criteria. In doing so, some new, non-negotiable expectations are placed on the BIA (Business Impact Analysis) in V7. These are more in line with the outdoor and sportswear industry and include defining the mission or raison d’être to emphasize impact solutions research and stakeholder engagement.
Ethics and anti-corruption are also included to show preventive practices in the context of business activities and the value chain. We all remember the fake statistics about organic cotton in the textile industry. Impact management, for example, is also examined – both internal impact management and the inclusivity of decision-making. Living wages and human rights are also assessed. This applies in particular to brands from western countries or to companies that produce in countries where the gap between the minimum wage and the living wage is very large.
Furthermore, the companies must provide information about climate measures within the scope of activities and the value chain. With regard to circular economy and resource conservation, proof of an environmental management system (EMS) for waste management, energy and water consumption, footprint and biodiversity must be provided.
Risk management standards are also in focus: additional requirements related to specific material impacts (chemicals, dyes, laundering, laminations, all types of finishing) in practice and supply chain management may be required. All of these criteria will replace the current concept of B impact assessment, which aims to meet a set of criteria to achieve a minimum score of 80 points.
