{"id":34537,"date":"2024-02-07T15:43:16","date_gmt":"2024-02-07T08:43:16","guid":{"rendered":"https:\/\/www.exotravel.com\/blog\/en\/?p=34537"},"modified":"2024-02-08T14:45:38","modified_gmt":"2024-02-08T07:45:38","slug":"what-is-b-corp","status":"publish","type":"post","link":"https:\/\/www.exotravel.com\/blog\/en\/what-is-b-corp\/","title":{"rendered":"What is a B Corporation & why are they important?"},"content":{"rendered":"\t\t
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In November 2023, EXO Travel became a Certified B Corporation, an accomplishment that we are incredibly proud of<\/span>. But what exactly is a B Corporation, and why is achieving and maintaining this certification both a significant accomplishment and an ongoing challenge?<\/span><\/h4>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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At its core, a B Corporation (or \u2018B Corp\u2019) is a certification awarded to businesses that meet the highest standards<\/strong> of verified social and environmental performance, public transparency and legal accountability to balance profit and purpose.\u00a0<\/strong><\/span><\/p>

The B Corp certification is administered by B Lab, a nonprofit organisation that serves a global movement of people using business as a force for good<\/strong>.<\/span><\/p>

The \u2018B\u2019 in B Corp stands for \u2018Benefit for All\u2019<\/strong>. <\/span>This certification signifies that a company is not just in it for the financial gains but is also deeply committed to making a positive impact on all stakeholders<\/strong>, including workers, communities, customers and the environment.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tDiscover EXO's purpose<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tEXO's B Corp journey<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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How does a company become a Certified B Corp?<\/b><\/span><\/p>

The journey to becoming a Certified B Corp is rigorous, involving an in-depth assessment<\/strong> of the company\u2019s impact. <\/span><\/p>

This comprehensive evaluation measures a company\u2019s performance across five key areas: governance, workers, community, environment<\/strong>\u00a0and customers<\/strong>.<\/span><\/p>

To qualify for certification, a company must score at least 80 out of 200 points on the assessment. However, achieving this score is just the beginning. <\/span><\/p>

The company must also provide evidence of socially and environmentally responsible practices and amend its corporate governance structure<\/strong> to legally include their commitment to all stakeholders, not just shareholders.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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The importance of becoming a B Corp<\/b><\/p>

Becoming a certified B Corp is a testament to a company\u2019s commitment to not only excel in its field but also to elevate its positive impact on society and the planet. <\/span><\/p>

This certification sends a powerful message to customers, employees and the business community about a company\u2019s values and dedication to doing good<\/strong>.<\/span><\/p>

\u00a0<\/span>Additionally, the process of becoming a B Corp can catalyse meaningful organisational change, pushing companies to innovate and improve their social and environmental practices.<\/span><\/p>

It encourages businesses to think long-term<\/strong>, fostering a culture of responsibility and sustainability that goes beyond short-term gains.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tOur purpose<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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The Challenge of Remaining a B Corp<\/b><\/p>

Achieving B Corp certification is a significant milestone, but the journey doesn\u2019t end there. Maintaining this status is an ongoing challenge that requires a deep commitment to continuous improvement. <\/strong><\/span><\/p>

B Corps must recertify every three years,<\/strong> demonstrating that they are not only upholding but also advancing their social and environmental performance.<\/span><\/p>

The dynamic and evolving nature of the B Impact Assessment means that companies must stay on top of best practices<\/strong> and strive for constant improvement. <\/span><\/p>

This continuous pursuit of excellence ensures that B Corps not only keep pace with but also lead the way in responsible business<\/strong> practices.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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EXO Travel is a premium Destination Management Company (DMC) providing bespoke travel solutions for tour operators and travel agencies across a growing portfolio of destinations including Thailand, Vietnam, Cambodia, Laos, Myanmar, Malaysia, Singapore, Indonesia, Japan, Korea and Saudi Arabia.<\/span><\/p>

Established in 1993, we\u2019ve harnessed in-depth local knowledge and a widely-recognized penchant for authentic, groundbreaking touring to become a leading DMC for the premium travel market.\u00a0 As a certified B Corporation, EXO is also demonstrably committed to sustainability and using travel as a force for good.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tPartner with EXO<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tGet in touch<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

A global movement for sustainability and social responsibility<\/p>\n","protected":false},"author":1,"featured_media":34557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1402,1400],"tags":[],"class_list":["post-34537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-people-culture","category-planet"],"yoast_head":"\nWhat is a B Corporation & why are they important? - EXO Travel Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.exotravel.com\/blog\/en\/what-is-b-corp\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is a B Corporation & why are they important? - EXO Travel Blog\" \/>\n<meta property=\"og:description\" content=\"A global movement for sustainability and social responsibility\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.exotravel.com\/blog\/en\/what-is-b-corp\/\" \/>\n<meta property=\"og:site_name\" content=\"EXO Travel Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ExoTravelGroup\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-07T08:43:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-08T07:45:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.exotravel.com\/blog\/wp-content\/uploads\/2024\/02\/vietnam-bike-rice-banner.png\" \/>\n\t<meta property=\"og:image:width\" content=\"2046\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@EXO_Travel\" \/>\n<meta name=\"twitter:site\" content=\"@EXO_Travel\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.exotravel.com\\\/blog\\\/en\\\/what-is-b-corp\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.exotravel.com\\\/blog\\\/en\\\/what-is-b-corp\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/www.exotravel.com\\\/blog\\\/#\\\/schema\\\/person\\\/25f31f713ccd2c645ee56d896fb33fc0\"},\"headline\":\"What is a B Corporation & why are they important?\",\"datePublished\":\"2024-02-07T08:43:16+00:00\",\"dateModified\":\"2024-02-08T07:45:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.exotravel.com\\\/blog\\\/en\\\/what-is-b-corp\\\/\"},\"wordCount\":566,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.exotravel.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.exotravel.com\\\/blog\\\/en\\\/what-is-b-corp\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.exotravel.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/vietnam-bike-rice-banner.png\",\"articleSection\":[\"People & Culture\",\"Planet\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.exotravel.com\\\/blog\\\/en\\\/what-is-b-corp\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.exotravel.com\\\/blog\\\/en\\\/what-is-b-corp\\\/\",\"url\":\"https:\\\/\\\/www.exotravel.com\\\/blog\\\/en\\\/what-is-b-corp\\\/\",\"name\":\"What is a B Corporation & why are they important? 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