There are a few countries that have B corp legislation on the tarmac, so to speak. The best example, as I said before, is the United States. There are 27 states with B corp legislation, plus DC. Every state has its own sort of unique wrinkle, but for the most part the legislation is very uniform in order to be applied across different jurisdictions and mean the same thing. Basically, the three prongs are purpose, accountability, and transparency. Is there purpose in your business? Do you work to better the environment? Do you treat your workers well? Do you work well within your community?
Is accountability baked into your company? We work with a couple of B corps that are tech companies. If you are a tech company that has really great practice with paid leave, for example, and you are acquired by a Silicon Valley giant that might not be as family-friendly as Google, does that mean that your policies are going to go away? No, it doesn't, because they are baked into your corporate articles with B corp legislation, and you can't do that any other way.
Transparency means that there is a report every year to make sure that your company is behaving properly.