CU, B Lab partnership aims to foster corporate responsibility

BOULDER — The University of Colorado’s Center for Ethics and Social Responsibility is partnering with B Lab, a nonprofit group that helps companies assess their social and environmental impacts, according to a university news release.

B Lab administers the B Impact Assessment, which is used to certify that companies meet the rigorous standards required to become a B Corp.

As part of the new partnership, the CESR will help B Lab map the assessment to the 17 United Nations Sustainable Development Goals, which aim to address global challenges such as poverty, inequality and environmental degradation, the release said.

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“This partnership with B Lab will create a tool to help companies positively impact some of the world’s biggest problems,” CESR executive director Mark Meaney said in a prepared statement. “We cannot accomplish the ambitious aims of the U.N. Sustainable Development Goals without business.”

CESR will be mapping the B Impact Assessment questions to the SDGs through December. B Lab will then incorporate the mapping into the B Impact Assessment and develop an impact management platform module scheduled for launch at the beginning of 2020.