For certain types of companies in the building/real estate, finance, and education industries, the B Impact Assessment includes specific addenda that measure the unique positive impacts for companies in those industries. These addenda allow the BIA to provide more catered insights, aspirational best practices, and accurate benchmarking that would otherwise not be included in the assessment with this level of specificity and detail. For this reason, the addenda replace the Impact Business Model (IBM) sections that assess a company’s products and services, as they provide a more nuanced assessment of the positive impact that companies in these industries can have through their products and services.
Whether or not your assessment contains an addendum depends on your company’s market (Developed or Emerging) and the industry that you select when registering for the assessment. Below are the industries that currently include an addendum in the BIA:
B Lab convened expert working groups to develop the content for each addenda, which were subsequently approved by the Standards Advisory Council. A list of active and past working groups and their members can be found here.