{"id":34729,"date":"2024-02-14T12:39:55","date_gmt":"2024-02-14T05:39:55","guid":{"rendered":"https:\/\/www.exotravel.com\/blog\/en\/?p=34729"},"modified":"2024-03-22T10:57:34","modified_gmt":"2024-03-22T03:57:34","slug":"b-corp-five-impact-areas","status":"publish","type":"post","link":"https:\/\/www.exotravel.com\/blog\/en\/b-corp-five-impact-areas\/","title":{"rendered":"The Road to B Corp: Understanding the five impact areas"},"content":{"rendered":"\t\t
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The journey to becoming a certified B Corporation involves an in-depth evaluation of a company\u2019s process and impact across five categories: governance, workers, community, environment and customers. <\/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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Referred to as the B Impact Assessment (BIA)<\/strong>, this comprehensive tool is designed and governed by an independent body, with regular updates and revisions based on input from external stakeholders.\u00a0<\/span><\/p>

Within each of the five impact areas, BIA asks questions related to the company\u2019s day-to-day activities<\/strong> and its long term Impact Business Model<\/strong>. The specific questions asked and weight of the resulting score varies depending on the company\u2019s size, sector and location.\u00a0<\/span><\/p>

A score of 80 or higher<\/strong> on the BIA serves as a requirement for B Corp Certification.\u00a0<\/span><\/p>

Continue reading to learn more about the five core categories<\/strong> of the B Impact Assessment and how they link with B Corp\u2019s mission of \u2018transforming the global economy to benefit all people, communities, and the planet\u2019.<\/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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Governance<\/b><\/p>

Governance evaluates a company’s overall mission, ethics, accountability and transparency.<\/strong> The B Impact Assessment looks at how a business is managed and governed, ensuring that interests of employees, community and the environment are considered in decision-making processes.<\/span><\/p>

This B Corp pillar emphasises the importance of a responsible and inclusive business model<\/strong> that aligns with the company\u2019s long-term goals.<\/span><\/p>

By prioritising ethical governance, companies demonstrate how responsible leadership can drive systemic change<\/strong>, embodying the B Corp principle of using business 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<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Workers<\/b><\/p>

The Workers category of the B Impact Assessment focuses on how a company treats its employees<\/strong>, considering compensation, benefits, training and work environment.\u00a0<\/span><\/p>

It evaluates practices related to job satisfaction, employee engagement, and opportunities for development. This B Corp impact area encourages businesses to create a positive, supportive and inclusive workplace<\/strong> that values its workforce.<\/span><\/p>

Empowering employees aligns with the greater B Corp vision by illustrating the critical role of equitable, respectful, and fulfilling labour practices in building sustainable businesses.<\/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 people<\/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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Community<\/b><\/p>

This B Corp impact area examines the impact a company has on its local, national and global communities.\u00a0\u00a0<\/strong><\/span><\/p>

It includes supplier relations, diversity and community engagement. The B Impact Assessment looks for processes that support public benefit<\/strong> such as charitable giving, volunteering and economic impact, promoting a business ethos that uplifts and empowers communities.<\/span><\/p>

Engagement with and support for communities reinforce that B Corp commitment to societal well-being,<\/strong> showcasing how business can play a pivotal role in fostering social equity and prosperity. <\/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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Environment<\/b><\/p>

For the Environment category, the B Impact Assessment measures a company’s ecological footprint,<\/strong> including resource use, energy efficiency, carbon emissions and waste management.\u00a0<\/span><\/p>

It encourages businesses to implement sustainable practices,<\/strong> reduce their environmental impact, and contribute positively to the planet.<\/strong> This section underscores the critical role businesses play in addressing climate change and promoting sustainability.<\/span><\/p>

This reflects the B Corp movement\u2019s core belief in environmental stewardship<\/strong> as a fundamental business responsibility, driving forward the global agenda for a sustainable future.<\/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\tTravel for Good<\/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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Customers<\/b><\/p>

The Customers pillar focuses on the<\/strong> value a company creates for its customers.\u00a0<\/strong><\/span><\/p>

This portion of the B Impact Assessment includes evaluating ethical marketing, privacy protection, and the impact of products or services on customer health and well-being. It highlights the importance of building trust through transparency,<\/strong> quality and positive impact on customers’ lives<\/span><\/p>

By prioritising customer welfare and ethical practices, business embodies the B Corp ethos of positive impact, showcasing the transformative power of focusing on people over profit.<\/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":"

Unpacking the criteria used to become a certified B Corporation<\/p>\n","protected":false},"author":1,"featured_media":34763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1400],"tags":[],"class_list":["post-34729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-planet"],"yoast_head":"\nThe Road to B Corp: Understanding the five impact areas - 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\/b-corp-five-impact-areas\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Road to B Corp: Understanding the five impact areas - EXO Travel Blog\" \/>\n<meta property=\"og:description\" content=\"Unpacking the criteria used to become a certified B Corporation\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.exotravel.com\/blog\/en\/b-corp-five-impact-areas\/\" \/>\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=\"2024-02-14T05:39:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-22T03:57:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.exotravel.com\/blog\/wp-content\/uploads\/2024\/02\/b-corp-pillars-banner-1024x450.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\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=\"6 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\\\/b-corp-five-impact-areas\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.exotravel.com\\\/blog\\\/en\\\/b-corp-five-impact-areas\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/www.exotravel.com\\\/blog\\\/#\\\/schema\\\/person\\\/25f31f713ccd2c645ee56d896fb33fc0\"},\"headline\":\"The Road to B Corp: Understanding the five impact areas\",\"datePublished\":\"2024-02-14T05:39:55+00:00\",\"dateModified\":\"2024-03-22T03:57:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.exotravel.com\\\/blog\\\/en\\\/b-corp-five-impact-areas\\\/\"},\"wordCount\":686,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.exotravel.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.exotravel.com\\\/blog\\\/en\\\/b-corp-five-impact-areas\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.exotravel.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/b-corp-pillars-banner.png\",\"articleSection\":[\"Planet\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.exotravel.com\\\/blog\\\/en\\\/b-corp-five-impact-areas\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.exotravel.com\\\/blog\\\/en\\\/b-corp-five-impact-areas\\\/\",\"url\":\"https:\\\/\\\/www.exotravel.com\\\/blog\\\/en\\\/b-corp-five-impact-areas\\\/\",\"name\":\"The Road to B Corp: Understanding the five impact areas - 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