B Leaders Module 4: Improving your impact
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This document provides tools and tips for improving a company's score on the B Impact Assessment (BIA). It outlines various reports available for reviewing BIA questions and identifying areas for improvement. It then lists top tips in key areas like formalizing policies, engaging suppliers and employees. Specific strategies are presented, such as creating a supplier questionnaire. The document concludes by highlighting the highest scoring improvements and providing resources like examples from other B Corps that increased their scores.
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B Leaders Module 4: Improving your impact
- 2. Agenda 1 3 4 2 Recap on navigating the BIA Tools for improving your score Top tips for improving your impact Let’s hear from our B Corps
- 3. Recap on navigating the BIA
- 4. Navigating the B Impact Assessment
- 5. Navigating B Impact Assessment
- 6. Tools for improving your score
- 7. 1. All Questions report 1. Revisit Questions report 2. Customised Improvement report 3. “Explain This” & “In Practice” Tools for tracking and improving impact
- 8. 1. Lists every question in the BIA 2. Split by Impact Areas and Impact Topics 3. Enables offline review and allocation of questions amongst the team All Questions Report
- 9. 1. Shows questions marked to ‘revisit’ 2. Questions can be answered within the report 3. Can also be downloaded from “Compare” tab Revisit Questions Report
- 10. 1. Contains any questions marked for improvement alongside suggested questions for improvement 1. Filter by: Impact Area Impact Topic Difficulty of improvement Customised Improvement Report
- 11. Top tips for improving your impact
- 12. Formalise policies Engage top-level management to create policies applicable to all employees Engage team leaders to document the standard practices of their departments Create shared folder or other accessible source where employees can access policies easily Let’s hear from COOK about how they improved their score during their recertification process
- 13. Work with your suppliers Create a prospective/existing supplier questionnaire to find out their policies and inputs Set minimum requirements for supplier (e.g. supplier must use 50%+ recycled paper) Create a formalised purchasing policy for your company outlining minimum requirements and providing suggested suppliers Let’s hear from BWB about how they worked with their suppliers
- 14. Engage your team Let’s hear from Lily’s Kitchen about how they engaged their employees and teams across the business to get involved in the B Corp certification process
- 15. Adopt legal Sign the Term Sheet Amend your Articles 2.5 points 5.0 points Adopting benefit company legal form carries 7.5 points. However, this is not currently available in the UK
- 16. Highest scoring improvements Charitable donations Donations as % of revenues Up to 7.1 points % of non- executive worker ownership Up to 5.3 points Legal change Sign Term Sheet or amend Articles Up to 5.0 points % of employees who received a bonus Up to 4.0 points
- 17. Resources for Improving your Score Tools for Improving your Score ● B Impact Assessment Improvement Tools: http://bimpactassessment.net/how-it-works/improve-your-impact ● 3 Ways High Performing B Corps improve their score: http://www.bcorporation.net/blog/3-ways-the-top- performing-b-corps-improve-their-impact ● Business goes organic through B Corp process http://bizwest.com/business-goes-organic-b-corp-process/ ● How to Raise Your B Corp Assessment Score http://www.triplepundit.com/2014/11/raise-b-corp-assessment- score/ Examples from B Corps ● Notogroup Executive Search: http://www.notogroup.com/b-corps-we-failed-then-prevailed/ ● The Honest Company: https://medium.com/best-for-the-world/how-we-did-it-the-honest-company-s-score- increase-bbef1dbc6b54#.o8hawkr4x ● The Ian Martin Group: http://ianmartin.com/blog/2011/11/learning-from-the-benefit-corp-assessment/ and http://ianmartin.com/blog/2014/04/why-be-a-b-an-open-letter-to-fellow-business-owners/ ● Engine 74 http://www.engine74.com/blog/2016/3/4/to-b-or-not-to-b
- 18. If you have any questions, please email georgie.morris@bcorporation.uk
Editor's Notes
- All sections and tools can be accessed through the Dashboard
- Within the sections on the left you can find resources to help you
- Need a different screenshot
- Very similar to CIR Shows questions marked to ‘revisit’ Questions can be answered within these reports. ‘All Questions Report’ is just that, showing all the questions in your assessment.
- Very similar to CIR Shows questions marked to ‘revisit’ Questions can be answered within these reports. ‘All Questions Report’ is just that, showing all the questions in your assessment.
- You are able to answer questions within the report. To the bottom right, once you hover over the ‘score value’ icon you can see how many points the question is worth. We are currently building additional functionality to these reports.
- Also enhances accountability How? Engage top-level management to create blanket policies applicable to all employees Engage team leaders to document the standards practices of their departments. Create ‘shared folder’ or other accessible source where employees can access them easily. “While we were going through the process, one way we improved our score was to document our policies better,” said Cameron Crake of Raven + Lily. “Even though we are making a large global impact by helping to employ over 1,000 women around the world to make our products, we are still a small team in the US with only 8 employees. There were still some policies about employee welfare that we hadn’t formalized, so it was really helpful for us to look at the B Impact indicators to make those policies official for our team.”
- We all use vendors… what are they doing? Ensure your vendors reflect your values but can also stimulate conversations around what you should be considering. How? Create a prospective/existing supplier assessment (e.g. questionnaire) to figure out what their policies are. Set minimum requirements for vendors (e.g. vendor must use 50%+ recycled paper). Create a formalized purchasing policy for your company outlining minimum requirements and providing suggested vendors. Flory’s Suggestion: reference iSeal
- We all use vendors… what are they doing? Why? Apply your values in the supplier selection process. Ensure your vendors reflect your values but can also stimulate conversations around what you should be considering. How? Create a prospective/existing supplier assessment (e.g. questionnaire) to figure out what their policies are. Set minimum requirements for vendors (e.g. vendor must use 50%+ recycled paper). Create a formalized purchasing policy for your company outlining minimum requirements and providing suggested vendors. Flory’s Suggestion: reference iSeal
- This is a core component of certification as must be completed to maintain certification. Bakes stakeholder consideration into the DNA of your company In states and countries where the legal path has been determined (modify Articles of Incorporation or adopt a mission aligned structure such as Benefit Corporation). Modifying the Articles (LLC, non-constituency state corporations) = +5 points Adopting Benefit Corporation status (Benefit Corporation states and some countries) = +7.5 points *If you do not have these options available to you, the company is still earning 2.5 points for signing the B Corporation Term Sheet (states commitment to make the legal change if it becomes available).
- Other then the legal varies, from company to company