Changing the economic system starts with changing the way businesses behave and the impact they have on all their stakeholders.
B Lab is certifying companies as B Corps and supporting them on their journey of continuous improvement. In Europe, 2022 marked a year of transformative growth – both in numbers and impact. Compared to the previous year, the B Corp community in Europe grew by 63%, welcoming 471 new Certified B Corps. Together, we surpassed 1,000 B Corps in Europe and 6,000 B Corps globally. (See the latest numbers.) And with more than 100,000 B Corp employees across the European continent, the community created an unprecedented ripple effect that awakened the interest in a new way of doing business among companies of different sectors, different sizes, and across borders. Throughout the year, the first businesses from Slovenia, Slovakia, Bulgaria, Liechtenstein, and Iceland joined the B Corp community as pioneers of their countries. And also larger corporations achieved certification after years of going through the rigorous process and amending their governing documents. Without their credible participation, the B Corp movement will fail to realize its vision of transforming the global economy, while smaller, purpose-driven organizations will continue to be the backbone of the B Corp community. 75% of the B Corps in Europe are SMEs that employ less than 50 people.
What unites all Certified B Corporations, no matter their size or industry is their commitment to accountability, transparency, and continuous improvement. Having to recertify every three years, European B Corps increase their impact score on average by 8.3% while also growing their annual revenue (+19% between certification periods) and workforce (+12% on average annually). In addition, 30% of them introduce a new Impact Business Model.