B Lab is a nonprofit organization whose mission is to create a new sector of the economy that harnesses the power of business to solve social and environmental problems. This sector will be comprised of a new type of corporation—the B Corporation—which creates economic opportunity, builds strong communities, and preserves a healthy environment. B Corps meet higher standards of accountability, transparency, and social and environmental performance. As of 2011, there are 476 certified B Corporations from over 60 industries in 34 states with $2.27 billion in revenues.
B Lab’s objective is to help B Corps become legally recognized by the states, tax preferred by the IRS, and valued by employees, investors, and consumers. B Lab also re-purposes the standards used to certify B Corps to help investors make high impact investments and governments implement policies to support sustainable business—1,000+ companies are using the B Impact Rating System to benchmark social and environmental performance.