By Alexander Yale
The B Corp community consists of more than 3,700 companies in 74 different countries that all have been comprehensively reviewed and verified for upholding an incredibly high standard of business practice. This includes social and environmental performance, transparency, accountability, sustainability, and inclusivity. From our perspective at Carbon Credit Capital, the requirement for thorough accounting of the businesses environmental impacts and efforts for collaboration within the community help achieve each other’s goals. Our mission is to drive progress on achieving carbon neutrality for our clients.
During the 2019 UN Climate Change Conference, COP 25, in Madrid, 500 B Corp member companies pledged to achieve ‘Net Zero’ status by 2030. That number has nearly doubled since the announcement. Net Zero means eliminating emissions wherever possible in your companies’ supply chain, covering Scope 1, 2, and 3. Then counterbalancing any remaining emissions through verified offset projects and the purchase of carbon credits. Some of the biggest B Corp member companies that have joined the pledge include Allbirds, Patagonia, and Danone, to name a few. This represents a pledge to do their part in helping reduce global greenhouse emissions to the point of achieving a 1.5-degree trajectory well ahead of the broader 2050 goal in the Paris Agreements.
This collective commitment has contributed to major strides in the B Corp community achieving real progress on climate action during 2020: