Ep 38 Mindy Leow, Acting CEO B Lab ANZ on becoming a B Corp

Listeners of this podcast might be familiar with the term B Corp, but like many – perhaps don’t have a clear understanding of what B Corp stands for and what is involved in becoming a B Corp.

B Corps are businesses that meet high standards of social and environmental performance, accountability, and transparency and as a result have received certification.

The B Corp certification is the most holistic and rigorous independent certification for businesses today. 

Certified B Corporations, or B Corps, envision a better economic system where businesses can benefit people, communities, and the planet. They choose long-term investments over quick wins, and measure their success based on the positive impact they create.

My business, The Cause Effect is proud to be a certified B Corp. We achieved certification in October 2021. You can see our B Corp profile here and read a short blog about it here.

On the For Love & Money podcast, our mission is to explore the intersection of love and money (or purpose and profit) in business, to inspire a movement for positive change – business as a force for good; brands driving profit through purpose. 

The B Corp community and movement aligns to this 100%. Their mission: Make Business a force for good. We won't stop until all business is a force for good.

So it is with great pleasure that I introduce today’s guest Mindy Leow.

Mindy is Director of Impact and Growth at B Lab Australia & NZ, the certification arm of B Corp. At the time of this interview she is also acting CEO.

Mindy is a champion of business as a force for good. Instrumental in building the B Corp movement in Australia and New Zealand, She has worked with more than 200 companies to achieve certification. She has also worked with hundreds of other businesses to measure and improve their social and environmental impact through the free online B Impact Assessment tool. 

In this episode, Mindy shares her journey to becoming a B Corp champion and gives us some great insights into what B Corp certification is all about, what value the process of becoming a B Corp offers to business leaders; and the strong benefits that being a B Corp delivers.

If you haven’t already - my hope is that this episode will motivate you to check out the B Corp Assessment and start doing the assessment, regardless of whether or not you are committed or you have commitment from within the business to undertake the B Corp certification process. Hands down you will learn so much from simply doing the assessment.

Some of the highlights of this interview:

• Mindy’s background and how she came to be part of the B Lab Australia and Aotearoa New Zealand team
• Mindy shares the concept that B Lab use to describe shareholder primacy – as a “source code error”. Great analogy!
• The three levels that B Corp certified businesses need to meet: Performance, Accountability and Transparency. Mindy talks about these in some detail.
• Mindy shares the five pillars of the B Corp assessment and shares some examples within the pillars
• We discuss the value of undertaking the free B Corp Assessment
• She also shares the benefits of being a B Corp

Connect with Mindy and the B Lab community:

Mindy Low on Linkedin

B Corp Website

The B Impact Assessment