B CORP CERTIFICATION IN CANADA: LEGAL REQUIREMENTS


Introduction:

B Corps are B Lab Certified businesses that are committed to using profits as a means to a greater end: positive impact for their employees, communities, and the environment. Canada’s B Corp community is the first of its kind outside of the United States and includes more than 230 companies from a diverse range of industry sectors.


To achieve certification, B Corps are legally required to amend their articles of incorporation to demonstrate that they will consider the short and long-term impact of their business decisions on their stakeholders. The corporation’s articles are part of the “constitution” of the corporation. Articles are public documents that may set out how the corporation is governed and managed. Below, B Lab sets out summary information regarding the legal requirements in Canada for B Corp certification and the context for those requirements.