
What is the primary purpose of B Corporation (B Corp) certification?
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Get StartedWhat is the primary purpose of B Corporation (B Corp) certification?
Options:
- Guarantee nonprofit or tax-exempt status
- Certify a company meets social and environmental standards
- Register a firm as a publicly traded company
- Provide standardized venture capital accreditation
Correct answer: Certify a company meets social and environmental standards
Explanation: B Corp certification, administered by B Lab (founded in 2006), verifies that a company meets third-party standards for social and environmental performance, accountability, and transparency.
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