Baseline Requirements: Understanding the Reporting Requirement for V2.1

PSG6.2:  The company reports its social and environmental performance annually and publicly using a third-party standard.

Size

Sector

Industry 

Year

Eligible for equity Mechanisms

XX Large

All 

All 

Year 3/Year 5

None

Changes in Compliance Criteria: 

• The reporting requirement takes effect in Year 3 for certifying companies. This means that a company must have published an annual report in the 12 months beforehand (i.e during Year 2).

• While the compliance criteria remain largely consistent with the original baseline requirements, there are two key additions: 

• Companies must follow a consistent structure to enable year-over-year comparison and demonstrate ongoing progress

• Reports based on the European Sustainability Reporting Standards (ESRS) are accepted 

• Companies may use the B Impact Assessment as their reporting framework, provided that:

• It is comprehensive and updated annually

• The company is transparent with stakeholders about which reports have been externally verified through the B Corp Certification and recertification process

• All reports must be overseen by the highest governing body within the scope of certification to ensure appropriate accountability.  

Application to Independently Certifying Subsidiaries:

• The reporting must cover the individual company’s performance, not just that of the parent or group.

• If the company contributes to a consolidated group report, its specific performance data must be clearly identifiable and accessible via its own company webpage.

• The company’s section of the report—or any relevant contribution to an out-of-scope group report—must be reviewed and approved by the highest governing body within the subsidiary’s scope of certification.

Related Sub Requirements: 

• X Large and Large companies are also required to meet the impact reporting obligations defined in PSG6.1 under the new B Lab Standards.