Our B-Corp Journey
StockShiba's social responsibility commitment via workers' rights, human rights, & philanthropy.
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StockShiba's
B-Corp Pursuit
We're excited to share StockShiba's B-Corp Pursuit & social responsibility journey.
We list the steps we've taken, the hurdles we've come across, & headway we've made. This is an overview for anyone learning about B-Corps & StockShiba Social Responsibility.
About
B-Corp
A B Corp is a for-profit company certified by the non-profit B Lab, indicating adherence to rigorous standards for social and environmental responsibility.
This certification signifies a commitment to transparency, ethical practices, and considering the impact on employees, customers, and the planet, beyond just financial returns for shareholders.
We believe that achieving B-Corp status will help us create more meaningful change & hold ourselves accountable to the high standards we set.
This certification aligns seamlessly with our mission to redefine the stock media industry, emphasizing inclusive advertising, and setting the benchmark for responsible content creation. It symbolizes our promise to actively contribute to positive change in the world through our business endeavors.
How It
Works
Assessment & Preparation
We thoroughly assess our current social & environmental impact using the B Impact Assessment tool provided by B Lab.
Then identify areas where improvements can be made to align with B Corp standards.
Implement Changes and Policies
Next we implement changes in those key areas. This involves workplace practices, adopting environmentally sustainable initiatives, & demonstrating a commitment to community engagement.
We also ensure that our governance emphasizes transparency and accountability.
B Corp Certification Application
Once the changes are implemented & demonstrated, we submit the B Corp certification application.
B Lab will review our submission, and grants B Corp certification to those who've met the criteria.
Current
Progress
Pursuit
Timeline
STATUS: COMPLETE
Initial Research & Exploration
We started by digging into what B-Corp certification really means. Next, we talked it over with our main team members.
Outcome: We got a full picture of what's involved and pinpointed where StockShiba shines, along with spots we need to get better at.
October 2022
New Office, CA
STATUS: COMPLETE
Formal Decision by Board
After sharing the first batch of research, we all sat down for an official meeting to make a decision.
Outcome: Everyone agreed we should go for B-Corp certification. We set aside the resources and picked a board member to guide us through it.
December 2022
Got new project!
STATUS: COMPLETE
First Assessment of Requirements
We took the B Impact Assessment, a tough review that looks at how we do in terms of governance, workers, community, environment, and customers.
Outcome: StockShiba got a 33% on our first try. This score showed us where we need to get better to meet B-Corp rules.
September 2023
New Office, CA
STATUS: ONGOING
Making Necessary Changes
After finding out what we're good at and what needs work from our first B Impact Assessment, StockShiba is now making the needed changes in different parts of our business.
See Challenges & Solutions below for more information.
CURRENT DAY
New Office, CA
STATUS: UPCOMING
Re-assessment & Submission
Next up, StockShiba plans to take the B Impact Assessment again. Then, we'll submit the test one more time to move forward in our journey to become a certified B-Corp.
We're excited to see how the changes we've made will reflect in our new score
To Be Determined
New Office, CA
STATUS: UPCOMING
Certification Granted
When we get B-Corp certification, it'll be a huge win for everyone at StockShiba. It means our hard work paid off, and now we're officially part of a group of businesses that really care about doing good.
We'll keep up our efforts to be the best company we can be, for our team, our customers, & our planet.
To Be Determined
New Office, CA
Future
Goals
1. Diverse Talent Pool
Increase diversity in our talent pool, focusing on underrepresented groups.
2. Ethical Sourcing
Develop a rigorous vetting process to ensure all our suppliers adhere to ethical & sustainable practices.
3. Customer Education
Free resources on responsible media consumption & ethical considerations in media choice.
4. Data Privacy & Security
Add advanced protection measures to ensure the privacy & security of our users' information.
5. Gender & Equality Parity
Focus on achieving equality within our roles & pay scales, constantly looking for areas to improve.
6. Employee Ownership
Introduce an employee stock ownership plan (ESOP), giving them a bigger stake in our future.
