NEWS: What are B Corporations?

Dispatched by the SSC Team

According to bcorporation.net, B Corporations are a “new type of corporation which uses the power of business to solve social and environmental problems”.Corporations are generally defined by their legal independence, specifically separated from the individuals who manage, control, and own them.  In addition to what traditional C and S corporations (distinguished by Internal Revenue codes) may do in order to prove their environmental and social responsibility, B corporations must meet performance standards, institutionalize stakeholder interests, and build a collectively established social and environmental position throughout the organization. 

In order to become a B corporation, companies must prove their adherence to criteria according to the “B Rating System”.  This includes careful distinguishing between marketing v. operational changes, amendments to corporate governance documents, and institutionalization of values.  To view the complete process, click here.

Interested in institutionalizing your newly formed objectives?  Check out our Green Team Toolkit for a comprehensive guide from start to finish. 

Sign up for our Webinar on Thursday, Understanding the Legal Side of Sustainability

Date: November 17, 2010

Time: 1 - 2 pm ET

Location: Online, At Your Desktop!

Cost: Free

Coupon Code: BCSSC10. As a valued reader, SSC would like to offer you a 10% discount on the purchase of any SSC products. This coupon cannot be used in conjuction with other promotions or specials.