B Corp Certification process and requirements may differ based on size and structure of the organization and also on the country is same for any country and any organization, however the legal requirements may differ.
B Corp Certification is open for any profit making entity in India whether registered as a company, LLP, or a proprietorship firm. For Indian for profit entities, there is no change in the company’s constitution that is required for certification. As this will require recognition through a legislative amendment which is not yet in place. However, there is a B Corp Agreement that is required to be made at the time of certification.
The agreement expects the organization to consider the impact of its decisions not only on shareholders but also on its employees, customers, suppliers, the community and environment. The agreement also specifies that in future if a legal mechanism emerges the certified entity would avail itself of such a mechanism.
It also clarifies that in the event of a change of control of the entity, the organization needs to get recertification in order to use the B Corp certification
If you have any further questions, send your email to contact@sagesustainability.in or reach out to 9739850945