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Story summary
- B Lab updated the B Corp certification, the most significant overhaul in 19 years.
- Firms must meet strict criteria across all categories, verified by third-party audits.
- Companies must recertify every three years, with many near the 80-point threshold needing improvement.
- Coutts, a high-scoring bank, may face challenges due to fossil fuel investments.
- B Lab aims to raise consumer expectations and keep B Corps relevant by prioritizing standards over expansion.
