What is the B Lab V2 standard?

The B Lab V2 standard is B Lab's updated framework for B Corp certification, replacing the flexible 80-point B Impact Assessment with prescriptive requirements across seven impact topics, including JEDI, climate action, and government accountability. Unlike its predecessor, V2 eliminates the ability to strategically accumulate points — every topic area requires meaningful engagement. The standard runs over 1,200 pages and scales in complexity based on company size.

How much does B Corp certification cost under the new standard?

Costs vary by company size. XS to M companies can often navigate certification primarily with internal effort and modest consultant support. L to XXL companies should budget $100,000 or more all-in, factoring in consultant fees, SBTi validation, audited Scope 3 footprints, and third-party verification. Because several requirements — GHG footprints in particular — must be renewed annually, this becomes a recurring expense rather than a one-time project.

Do B Corps need to measure Scope 3 emissions under the new standard?

For larger companies (L to XXL), a verified GHG footprint — which typically includes Scope 3 — is now a mandatory requirement under B Lab V2. This footprint must also be third-party verified on an annual basis, making it an ongoing compliance obligation rather than a baseline exercise. Smaller companies have different requirements and may not face the same Scope 3 burden immediately.

What is JEDI in the context of B Corp certification?

JEDI stands for Justice, Equity, Diversity & Inclusion. Under the new B Lab V2 standard, JEDI is one of the primary required action areas for companies of all sizes. It encompasses policies, practices, and measurable commitments related to fair pay, inclusive hiring, supplier diversity, and equitable access to opportunity — both within the company and in its communities and supply chain.

How does B Corp certification relate to sustainability reporting frameworks like GRI or CDP?

B Corp certification and sustainability reporting frameworks like GRI or CDP serve different purposes but share substantial infrastructure. The verified GHG footprints and climate disclosure work required under B Lab V2 can create a strong baseline for CDP reporting and CSRD readiness, though B Corp certification is not a direct substitute for those frameworks. Companies building sustainability reporting programs often find that doing one rigorously reduces the marginal effort required for the others.

How long does B Corp certification take under the new standard?

B Lab has not yet published definitive timelines for V2 certification cycles. However, based on the complexity of the new requirements — particularly for L to XXL companies dealing with SBTi validation and third-party footprint audits — it's reasonable to plan for a 12–24 month process. Smaller companies with existing policies and documentation in place may move faster.

Is B Corp certification worth it for a mid-sized company?

For companies that operate with genuine purpose and want a structured, credible framework to guide impact work, the answer is typically yes. The business case is supported by documented outcomes: higher revenue growth, lower turnover, and stronger consumer loyalty. The certification also provides a roadmap that can surface gaps a mid-sized team might not identify on its own, making it valuable as a strategic planning tool as much as a credential.

Jet Tan, Author at Greenplaces

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B Corp certification: requirements, costs, and whether it’s right for you

B Corp certification: requirements, costs, and whether it’s right for you

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