B corporation

Beneficial corporation certification

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US United States
Web http://www.bcorporation.net/
Maturity

Mature

About the project Edit

B corporation (or "Beneficial" corporation) is a certification offered by B Lab of Pennsylvania, designating a business as socially responsible. In addition to providing an independent assessment of a business's level of social responsibility, the certification process requires a business to rewrite its articles of incorporation to make it clear to investors that the business's managers are required to also consider the interests of societal stakeholders: such as employees, communities, and the environment. The B corporation certification system was launched in 2006 with the founding of the non-profit organization B Lab by Jay Coen Gilbert, Bart Houlahan, and Chrissy Houlahan.

Themes

In what ways is this project unique and creative? Edit

B Corporations are a new type of corporation which uses the power of business to solve social and environmental problems. B Corporations are unlike traditional responsible businesses because they: meet comprehensive and transparent social and environmental performance standards, institutionalize stakeholder interests, build collective voice through the power of a unifying brand.

What is the social value of this project? Edit

Purported benefits to certification as a B corporation are: promotion as a socially beneficial corporation and use of the Certified B Corporation brand, discounted tools and services from B corp service partners, assistance in institutionalizing stakeholder interests and membership in a community that is promoting socially responsible businesses and lobbying for special status with local, state, and federal governments.

What is the potential of this project to expand and develop? Edit

Today, they are 190 companies certified B-Corporation in 31 industries most of them in the United States. In 2010, Better the World became the first Canadian organization to obtain the certification.

What was the triggering factor of this project? Edit

What is the business model of this project? Edit


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