Social Enterprise B-Corporation Certification Plan
We are currently in the planning stages for launching a new project: Peace through Forgiveness ( https://www.azimkhamisa.com/peace-through-forgiveness/) We would like to consider using one of Azim Khamisa 's existing corporations, after gaining B Corporation status for this existing business. (Perhaps Sovereign Capital Holdings, Inc https://www.sovereigncapitalmarkets.com/ DBA Azim N. Khamisa, Inc. ) A second option may be creating a new corporation using the B Corporation requirements in the process. One result of this project will be a recommendation as to the best method for us to gain B Corporation status in the least amount of time and effort. To achieve B-Corporation certification, our company must receive a minimum score on social and environmental performance. This is an online assessment that is overseen by the independent body that certifies B-Corporations ( the B Lab ). The assessment covers our entire operations and measures our impact in governance, workers, community, the environment, as well as our products and services. We also must integrate sustainability commitments to stakeholders into our governing documents. Project focus should include: An assessment of our current score, which will allow us to identify our areas for improvement. A strategy plan, based on the score assessment, that identifies the areas in which we need to improve performance to achieve the threshold score for B-Corporation certification. The final project deliverable is a 10-page written report detailing our current score, areas for improvement, and a strategy plan for meeting the B-Corporation certification requirements within a 1-month period. This 10 page written report should be in the format of a “Business Plan” or a detailed proposal that can assist in (a) creating an initial budget; (b) raising the first round of “seed” capital. (c) include bios of our team and potentially the name of the Professor and University. Some ideas of successful examples would be helpful.