What is a B-Corp?
Certified B-Corporations meet higher standards of social and environmental performance, transparency, and accountability. The performance standards are comprehensive and transparent. They measure the impact a company has on all its stakeholders (e.g. workers, suppliers, community, and the environment). Together, B-Corps redefine success in business by competing not to be the best in the world, but to be the best for the world.
Hub Australia first came across B-Corporation when we saw that our first investor, Small Giants had become Australia’s first certified B Corp. Because of our respect for Small Giants, we knew this must be something with a lot of integrity. It had also become clear that this is an effective way to measure environmental, social and financial metrics and we knew we had to be a part of this amazing movement and emerging ecosystem to help take care of human beings and our planet!
Hub Australia believes the world is not lacking in great ideas, but it is lacking the collaborative and supportive structures to help make them happen. That’s where they come in. Hub Australia is a national network of coworking spaces and learning communities driving innovation through collaboration. Its diverse professional community of over 1100 entrepreneurs, creatives and growing businesses working and connecting in its spaces across Adelaide, Melbourne and Sydney, has made Hub home for thought leaders and innovators to connect across business, lifestyle, social and environmental impact in Australia.
The Change We Seek®
Hub Australia seeks to change the world by being part of the new sharing economy. Hub Australia supports innovation through collaboration, supporting entrepreneurs and other change makers. Through Hub Australia’s example of being a B Corporation, Hub has been able to positively influence other small businesses in the Hub network to also become B Corporation certified. Part of Hub’s mission is to expand this sphere of influence to bring more small businesses into the B Corporation ecosystem through example and education and support.
Some of the ways we work to create impact:
• Collect our coffee grounds and recycle them
• Purchase only Green Energy and electricity via Powershop a carbon neutral retailer
• Regularly collect e-Waste from our members
• Provide complimentary casual memberships to impact businesses
• Use eco-friendly cleaning products in our buildings
• Purchase carbon offsets for our travel
• Staff have access to 2 paid days a free for volunteer work
How do you become a B Corp
Companies who wish to evaluate their current impact can undertake for free the B Impact Assessment! To become certified a business must score a minimum score of 80 out of 200, points and undertake the assessment process with B Lab.
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