Why Law Firms Should Apply to be B Corps
Environmental, social, and governance (ESG) considerations are increasingly important for law firms, with many looking to become more environmentally and socially responsible.
However, few have taken the next step to achieve B Corp certification. Currently, only 36 law firms in the UK are certified out of 3,467 companies, including SA Law.
What is B Corp Certification?
Certified B Corps are companies that meet high standards of social and environmental performance, transparency, and accountability. They are legally required to consider the impact of their decisions on workers, clients, suppliers, community, and the environment, rather than focusing solely on profit.
The Low Uptake Among Law Firms
Despite the benefits, it is unclear why so few law firms have applied for B Corp certification, with only a small fraction of the total number of certified companies in the UK being law firms.
Certified B Corps are companies that meet high standards of social and environmental performance, transparency and accountability.
Author's summary: Law firms should consider B Corp certification for social responsibility.