Review Process Schedule for companies on the Medium Enterprise Approach

Modified on Fri, 29 Sep 2023 at 04:39 PM

After completing the B Impact Assessment, eligible companies interested in pursuing certification undergo a review process with B Lab to determine if they meet the 80-point bar for Certification. 


This article explains the Review Process for Medium Enterprise Approach companies, which typically applies to companies with more than 250 full time equivalent employees (FTE). The Review process is intended to get you quickly and efficiently through verification according to the specific characteristics of each business! Learn more about the different Review Approaches and which one applies to you here



Find the process schedule for companies on the Small-Medium Enterprise Approach, typically companies with 50-250 FTEs and earning more than USD 10MM in revenue, here and for the Small Enterprise Approach, typically companies with less than 50 FTEs and earning less than USD 10MM in revenue, here



Review Process 


The review process is central to the B Corp Certification and Community - it is our process to ensure that B Corps are stewards in creating a positive impact and meet the highest standards of social and environmental performanceBefore the Review process your company’s assessment score reflects a self-reported and unverified score. Not all questions in the B Impact Assessment are straightforward to understand. Our goal for this process is to learn more about your business and to arrive at a verified score that applies the standards according to their intent and consistently with how they have been applied across the B Corp community. This is meant both to preserve the credibility of the certification and to support companies in designing a road map of what they want to measure and improve upon.


Stage of Review Process

B Lab action items

Company action items

Timelines


Companies pass through 3 stages to prepare for the Verification process with the Evaluation Team. 


Evaluation Queue


Confirm company eligibility for B Corp Certification  and Review Approach 


Learn more here about our current evaluation wait time





Evaluation




The Evaluation Team reviews information in the Company Details page to confirm the scope of the assessment, based on the company’s corporate structure and reviewing if the company is involved with any controversial industries.  

Complete other clarification requests from the Evaluation Team. These may include updating the BIA, clarifying company structure, and providing information about controversial industry involvement. 

On average the Evaluation stage may take 2-4 weeks. It can take more depending on the complexity of the company or its industry.





Verification Queue


Once the Evaluation stage is completed, B Lab will Assign an Analyst to the company when one becomes available.  


We will assign you to an analyst within 2 months, depending on the length of the queue to begin the Verification stage. 


The Verification process has 2 Rounds, with each round taking 1-3 weeks. Additionally, the post-Verification stage may take 1-2 weeks. Your Verification Analyst will provide specific deadlines for each round. 

Stage of Review Process

B Lab action items

Company action items

Timelines

Round 1 

Review Preparation


Your Verification Analyst will confirm key aspects of your BIA, such as the assessment track and a preliminary score screen, to determine next steps. An introduction call may be scheduled to confirm this information. 

Respond to Verification Analyst’s requests for clarification. 


If the Verification Analyst determines changes need to be made to the assessment track or key areas of the assessment were incorrectly completed resulting in a significant change in score, you may receive instructions to update the assessment and/or work on improvements before proceeding in the Verification process. 

Company Deadline:

Please respond to analyst requests within 1 week. 


If there are significant score changes resulting in an Improvement period, your analyst will provide a timeline for completing improvements, typically 90 days.


Verification 



Your VerificationAnalyst customizes the Verification Report* as a part of the Review Preparation task.





Schedule Review Call 


Conduct  60-90 minute Review Call

During and after  the call, your analyst will highlight questions that require additional documentation or comments. Your analyst will post a request for follow-up information through the BIA. 

Complete requested follow-ups – Log in the BIA Platform and attend to any notifications that require action in the Verification Report 

Company Deadline:

Typically within 1-2 weeks from the day your analyst makes the request for follow-ups

Round 2 

Verification

Review Follow-Ups

Your Verification Analyst will review the follow-up information submitted in the previous round and verify more questions. If needed, the analyst may submit one more request for follow-ups to complete verification of all questions in the Verification Report.

Complete all final requests for follow-up information 

Company Deadline:

Typically 1-2 weeks from the day that the Verification Analyst requests  Round 2 follow-ups 

Verification

Submit company’s review for a Final Assessment Check, our internal peer review for quality. This process may trigger further follow up requests and answer adjustments


Final Steps and Post-Verification

Post Verification


If the final verified score is above 80 points,  Send B Corp Agreement. 




Sign B Corp Agreement & Declaration of Interdependence and 

pay Certification fee, if prepayment is required



Review Closed

Once Post Verification steps are completed, you will receive an email welcoming you to the B Corp Community,   which will officially conclude your certification process. 

Complete Onboarding page in the platform and make announcement plans


Additional Round(s) 

Improvement 


If the final verified score is below 80 but above 75 points, the review progresses to the Improvement stage



Reference the Improvement reports and resources within the App and re-Submit after your company has made improvements that bring your score above 80 points! 


Companies typically submit improvements for their Verification analysts’ review 30-90 days after this stage has begun.




* Verification will happen within the B Impact Assessment through the Verification Report which you can find under Reports, on the left-hand panel. This is the subset of questions that will be discussed during the verification process. The questions selected are all high scoring or requiring particular attention.

  • This icon indicates questions that are “Marked for Discussion, ” which only requires a comment to confirm the answer options 

    • Comments should be rationales, explanations, clarifications, and examples of why answer options selected apply to the company. 

    • Please provide comments with information that you would feel comfortable in backing up with documentation if you were requested. Comments are to be specific to each of the answer options selected - use bullet points and refer to which answer option they are intended to support, following the scheme:

      • A#1:....

      • A#2:...

      • etc  

  •  This icon indicates questions that are “Marked for Documentation,” which require a document to verify the answer options

    • Documents should be policies, reports, web links, powerpoint presentations, agendas or even pictures of why answer options selected apply to the company. 

    • Only one document can be uploaded per comment. Please leave multiple comments to upload multiple documents. 

    • In your comments, indicate the pages within the uploaded document in which topics related to each answer option can be found and, if possible, provide a brief summary of what is stated in the document and why the document is relevant for the specific answer option selected. 

    • For these questions, additional Documentation Instructions appear in the comment section, please always use this to understand the document requirements and download templates when available.

    • Be transparent about what documentation you have available. This can prevent unnecessary work, especially if you have a review score above 80 points. 

 

  •  This icon indicates that the answer options selected in the question have been verified

    • By the end of this process, all questions in the Verification Report will need a Green Checkmark, signifying that they have been fully verified.

    • In order to consider a question verified, each answer option selected needs to be verified. This means that supporting evidence in the form of comments or documentation has to be provided for each of the checkboxes selected within a question, not just one (or some) of them. Answer options for which no evidence/comment is provided will be deselected, assuming that the particular option does not fully apply to the company at this time. 


Know where you are in the process by using the Reviews page:

  • Please check your Review page. Tasks will appear “active” and indicate if the pending item is waiting for action from you (the company name will appear) or B Lab. These tasks also indicate due dates.

  • Once the verification process begins, please note you will be expected to provide documentation and comments directly in the Verification Report. Ensure that you can dedicate 4-6 hours for the review process each round of the verification process. If you will not be able to dedicate this time in the next month and would like to schedule your verification process for a future date, please leave a comment in the Task “Assign Analyst”

 

Please review this article for more tips to a successful review.

 

Thank you for your commitment in joining the B Corp community! Independent of the final result,  your company has taken important steps on the journey of measuring, comparing and improving your company’s social and environmental performance.

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