The luxury fashion industry has long been associated with opulence, extravagance, and a disregard for the environment and social responsibility. However, with growing awareness about the impact of fashion on the planet and people, consumers are increasingly looking for sustainable and ethical fashion choices. This is where B Corps come in.
What is a B Corp?
B Corp is short for Benefit Corporation, which is a type of company that meets certain standards of social and environmental performance, accountability, and transparency. B Corps are certified by B Lab, a non-profit organisation that assesses companies based on their impact on employees, communities, the environment, and customers.
To become a B Corp, companies have to undergo a rigorous assessment process that evaluates their practices and policies in areas such as governance, workers, customers, community, and environment. Companies that score high enough are given B Corp certification.
Why should you look out for it?
B Corp is transforming the business landscape. By prioritising social and environmental impact over profit, B Corps are challenging the traditional idea that a company's sole purpose is to make money for shareholders. They are proving that it is possible to create successful businesses that also benefit society and the planet.
B Corps also provide a way for consumers to identify companies that share their values. By choosing to buy from B Corps, consumers can support companies that are committed to social and environmental responsibility.
What does B Corp mean and Why TY is working towards it?
By becoming B Corps, brands can demonstrate their commitment to social and environmental responsibility. Brands can also serve as a model for other companies in the industry. By showing that it is possible to make a profit while also being socially and environmentally responsible, B Corps can help shift the industry towards more sustainable and ethical practices.
Taylor Yates is B-Corp pending… We are currently in the progress of becoming B-Corp certified. This is something that we have been working towards from the very beginning. We are a work in progress and always try to be radically honest about everything we do. As consumers become increasingly aware of the impact of their choices, B Corps are poised to become a key player in the future of fashion.