Ever heard of B Corporation?
If not, you are not alone – its an interesting alternative to other legal structures
What is a B Corporation (B stands for Benefit)?
- meets transparent and comprehensive standards of social and environmental performance
- legally expands their corporate responsibilities to include consideration for stakeholder interest
- amplifes the voice of sustainable business and for-profit social enterprise through the power of unifying brand
Benefits of a B Corporation
- billions of dollars of collective market presence created by thousands of B Corporations speaking in unison
- resources and information to improve company’s social and environmental performance
- a community of fellow entrepreneurs sharing best practices, consumers looking to support “good companies” and investors aligned with the companies mission
- turns nonprofits into for-profits social ventures without diluting their mission
Who’s already a B Corporation
- Method
- King Arthur Flour
- Dansko
- Seventh Generation
- Green Harvest
- Watershed Capital
- Abacus Wealth Partners
- Numi Organic Tea
- Hanson Bridgett
- Salesforce.com
How to Become a Member
- meet the benchmark standards required for membership
- amend corporate governing documents to incorporate the interests of the employees, community and the environment
B Corporation currently has 190 members, with a billion dollar market place covering 31 industries.
