Creating Benefit Reports Using the B Impact Assessment

Is this free?

Yes.  You can use the B Impact Assessment (BIA) to create a free benefit report that meets the statutory reporting requirements.

Is it confidential?

All information is confidential until you decide to publish your benefit report using the BIA.  Benefit reports are required to be public. In Delaware, the only state that requires benefit reports to be shared solely with stockholders, public reporting is also considered a best practice.

What is in the benefit report? 

  1. A Title Page
  2. A Stakeholder Letter page explaining the purpose of the benefit report, the B Impact Assessment, and why your company is required to produce a benefit report.
  3. Your Benefit Report Narrative: a set of narrative responses to questions required by the benefit corporation statute, including a discussion of why you chose the B Impact Assessment (BIA) as your reporting and impact management tool.  Note: The Narrative includes a section called “Information for Investors” required by some state statutes and intended only for your shareholders; it may be redacted from your public report and the report sent to the Secretary of State.
  4. Your B Impact Report: a quantitative summary of your company’s overall social and environmental performance assessed against the third party standard BIA in relation to each of our key stakeholders and as compared to certain benchmarks.
  5. Your company’s B Impact Assessment: your answers to each BIA question assessing your company’s positive impact on workers, community, customers, and the environment.

What should do I with this report? 

  1. Post this on your company’s public website (required in most states). 
  2. Send this to shareholders, including the information for investors page (required in all states).
  3. Submit this to your secretary of state (required in some states).
  4. Email a copy to holly@benefitcorp.net so that B Lab can post it on the benefitcorp.net website and highlight your company as a leader.
  5. Share this with your employees, customers, and other stakeholders. Transparency builds trust and trust builds value

Important Note: When posting on the company’s public website or distributing to shareholders, the company’s Benefit Report prepared using the B Impact Assessment (BIA) must be shared in its entirety. Because it is not reviewed, the B Impact Score must not be referenced as a score achieved by your company in any context except within this full Benefit Report prepared using the BIA. Unless certified by B Lab, the company may not call itself a Certified B Corporation (or B Corp) or share externally its B Impact Score, B Impact Report, or completed B Impact Assessment.

Why is my assessment watermarked ‘Self-Reported & Unverified’?

The B Impact Scores in this document have not been reviewed by B Lab and therefore the benefit report includes a watermark stating that the information presented is self-reported and unverified.  Although benefit reports are not required to be reviewed or certified, it is considered best practice and B Lab encourages all companies to consider a third-party validation. If you would like a reviewed score from B Lab, please contact Holly Ensign-Barstow at B Lab for pricing information at Holly@benefitcorp.net.

Who can create a benefit report using the B Impact Assessment?

While any company can use B Lab’s free online tool, the B Impact Assessment (BIA), to measure, compare, and improve their social and environmental performance, only legally-incorporated benefit corporations are permitted to create a free benefit report using the BIA. If your company is interested in becoming a benefit corporation, please visit benefitcorp.net to learn how.  

If your company is not interested in becoming a benefit corporation, but is interested in using the BIA as an internal education and management tool, please remember that you may not share your B Impact Score, B Impact Report, or completed B Impact Assessment with anyone external to your business. 

Why are certain questions redacted from our B Impact Assessment included in our benefit report?

Questions whose answers would reveal sensitive information were demarcated in the BIA with an exclamation point. These sensitive questions include those that refer to company revenue, earnings, income, as well as certain worker and supplier issues that might prejudice litigation or advantage competitors. The answers to these questions have been redacted from the B Impact Assessment included in a company’s benefit report.

What are the “Information for Investors” questions in the benefit report Narrative?

The “Information for Investors” section contains questions required for the shareholder-facing report in some states. According to all state statutes, this section may be redacted in the public-facing report and report sent to the secretary of state. Visit this page to determine what is required by your state statute.  

Where can I see other companies’ reports?

To see how other benefit corporations are using their benefit reports as a powerful communications tool to share their mission, values, and performance with customers, clients, employees, investors, and the community, visit the reporting section of benefitcorp.net. 

I have feedback, where do I send it?

We would love to hear your feedback on how we can improve this report. Please email Holly Ensign-Barstow at Holly@benefitcorp.net.