B Corp certified

Similarities Between

B Corp and CSRD

Here at Move to Impact, we know everything you need to know to prepare for your B Corp certification and CSRD compliance. In addition, we ourselves are working towards B Corp recertification and our own CSRD report in 2025. With our experience thus far, we have noticed that B Corp and CSRD have some overlapping aspects.  

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Focus on Impact

Both B Corp and CSRD focus on aspects related to sustainability, transparency, and accountability in corporate operations. While their frameworks and reporting requirements differ, there are many overlaps in the aspects reported on.

 

Demonstrating a Commitment

Both B Corp and CSRD promote transparency and accountability in the form of consistent reporting. B Corp Certification requires companies to publicly disclose their performance against B Lab’s standards, while CSRD mandates organizations to report non-financial information to increase transparency and inform stakeholders about their sustainability efforts. 

 

Visual connecting
Steering impact dashboard

Established Frameworks

Both B Corp and CSRD advocate for standardized reporting practices to facilitate benchmarking and comparison among companies. B Corp Certification provides standardized assessment criteria through the B Impact Assessment, while CSRD requires companies to report according to the European Sustainability Reporting Standards (ESRS), enabling stakeholders to compare companies’ sustainability performance more effectively. 

 

Continuous Reporting

Both B Corp and CSRD emphasize the importance of continuous improvement in sustainability performance. B Corp Certification requires recertification every three years, encouraging companies to strive for ongoing improvement. Similarly, CSRD requires companies to report on sustainability efforts annually, promoting continuous monitoring and improvement of ESG performance.

 

Get stakeholders on board

Biggest Differences

While both B Corp and CSRD are sustainability reporting structures, the two are not exactly the same. There are some notable differences between the two structures that should be considered when deciding if compliance for either is relevant for your company. 

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Mandatory vs Voluntary

One of the most obvious differences between CSRD and B Corp is the requirement aspect. Some companies are required by EU law to comply with CSRD, whereas obtaining a B Corp certification is voluntary for all companies. 

 

Company Demographics

There are specific size demographics that determine whether or not CSRD is required for a company, including employees, revenue, and balance sheet metrics. However, companies of any size are encouraged to pursue a B Corp certification.

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Encorporating B Corp into CSRD Preparation

Since there are so many overlapping similarities between B Corp and CSRD, it may be easier than you think to incorporate both simultaneously.

Compliance with CSRD is mandatory, and while B Corp is not mandatory, incorporating B Corp certification into your CSRD journey may not be too much of a strectch for your company. Many steps in our CSRD methodology lend themselves well to attaining B Corp certificaiton, a process that we at Move to Impact also know a lot about.

If you are interested in incorporating a B Corp certification in your CSRD journey, Move to Impact can provide the necessary tools and support to make that happen.

For example, for our clients who are both complying with CSRD and certifying as a B Corp, we suggest that the BIA (B Corp Impact Assessment) is filled out in tandem with conducting a Double Materiality Analysis. The requirements from this assessment can then be incorporated into step 5 (Connecting Company KPIs).

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Advantages Gained From Overlapping Benefits

  • Demonstrate a commitment to corporate responsibility, sustainability, and transparency, enhancing reputation among stakeholders. 
  • Build trust with customers, employees, investors, and the community by showcasing a dedication to ethical business practices and sustainability. 
  • Open doors to new markets and customers who prioritize working with socially and environmentally responsible businesses. 
  • Attract top talent who are passionate about working for organizations committed to making a positive impact on society and the environment. 
  • Provide a competitive edge by differentiating from peers, especially in industries where sustainability is increasingly becoming a key decision-making factor. 
  • Improve financial performance in the long run due to mitigating risks, attracting investment, and capitalizing on emerging market opportunities. 
  • Identify and mitigate risks associated with environmental, social, and governance factors, leading to more resilient and sustainable business operations. 
  • Signal to suppliers and partners about ethical values and sustainable business practices, fostering stronger relationships and collaborations throughout the supply chain. 
  • Contribute to positive social and environmental impact by promoting responsible business practices, supporting community engagement, and advancing sustainability initiatives on a global scale. 

Moving Towards Impact

At Move to Impact, we recognize the importance of practicing what we preach. That is why we plan to both comply with CSRD and recertify as a B Corp in 2025. We believe that you can too!

When it comes to B Corp certification and CSRD compliance, it is important to be able to measure the company’s impact. This is why we are developing our Impact Dashboard, a place where we can visualize the impact we are making.  

Our Impact Dashboard will be comprised of data we are collecting based on Key Performance Indicators (KPIs) for areas of impact we have identified in our Double Materiality Analysis.  

Wait! What? 

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      First, we conducted a Double Materiality Analysis, where we identified material topics relevant to Move to Impact. This analysis enables us to align our sustainability efforts with our organizational goals and stakeholder expectations.

      Next, to ensure comprehensive coverage across key areas, we established three working groups—People, Planet, and Profit. Each group is tasked with finalizing the list of KPIs and overseeing data collection efforts. 

      Finally, based on this data we will create our Impact Dashboard as a visual compilation of measuring our impact. We will share this with our stakeholders to remain transparent about our business practices, as well as use it as a source for strategic decision making.  

          As we embark on this journey towards B Corp recertification and CSRD compliance, we remain committed to driving positive change. Our efforts are not only about meeting regulatory requirements, but they also reflect our dedication to achieving our vision. 

          Join us as we navigate the intersection of B Corp and CSRD, guided by our shared values and pursuit of impact!