Dig It, Here Comes the B-Corp
Have you heard of the B-Corp (a for-benefit corporation)? They’re companies who have voluntarily revised their bylaws to include social and ecological benefits in their definition of the shareholder value they deliver.
There’s over two hundred and fifty in Canada and the US today.
Seventh Generation’s one. So is Yale School of Management.
The term was coined as a play on S corporations and C Corporations, two legal corporate structures under U.S. federal tax code. Unlike S and C Corporations, B Corporations have no official tax status, though there are efforts to change that.