Benefit Corporations (a legal designation) and Certified B Corporations (a third-party certification) are changing the landscape of sustainable business. Here’s the latest from around the web about this important movement:
- Benefit Corporation legislation continues to sweep across the country, as Illinois, Massachusetts, and Louisiana join the ranks of states that recognize this new corporate form. As Benefit Corporations spread to the Midwest, the Non-Profit Quarterly takes note that this also signals the rise of non-profit certifiers of businesses. In Massachusetts, a state with 18 Certified B Corporations, the question of the day is: Who will be the first Benefit Corporation?
- While many companies are moving forward to become Benefit Corporations, Forbes profiles one company in Louisiana that is waiting before becoming a Benefit Corporation.
- Think positive impact comes at a cost of business growth? Think again. Of the 5,000 fastest growing private companies in the U.S. named by Inc. Magazine, 27 are B Corps!
- Would you like to find B Corps near you? Wouldn’t it be nice if there was an app for that? The new Social Impact app - a GPS social enterprise finder – seeks to do just that, and will include social ventures that meet B Corporation criteria, among others.
- Should your business become a Benefit Corporation? Smallbiztrends.com offers three reasons to consider becoming a B Corp: 1) walking the talk, 2) continuity of commitment, and 3) standing out.
- The global B Corp movement is also moving full speed ahead. B Corps go down under as Small Giants becomes the first B Corp in Australia, Ouro Verde Amazonia becomes the first Brazilian B Corp, and Juhudi Kilimo becomes Africa’s first B Corp!
Finally, even former President Bill Clinton takes notice of B Corps:
What are your thoughts on the latest B Corp news?