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:
- Taking the award for most exciting buzz: at the Clinton Global Initiative, B Lab promised to extend the B Corp movement globally, reaching 20 countries on 6 continents by the end of next year! Triple Pundit provided a good recap of the Clinton Global Initiative and outlined the progress of the B Corp movement.
- The sale of Ben & Jerry’s to Unilever in 2000 is frequently cited as a reason to enact new corporate forms like L3Cs and Benefit Corporations. A Stanford Social Innovation Review (SSIR) article recounts the Ben & Jerry’s acquisition from a corporate law perspective and concludes that “a hybrid legal form is neither necessary nor sufficient to maintain a social enterprise.” In rebuttal, the CEO of CSRWire shares his personal account of the acquisition and upholds Ben & Jerry’s as sound reasoning to push social enterprise legislation. Lastly, the co-founders of B Lab team up to fully respond to the SSIR article, defending the need for the B Corp movement.
- Barron’s recognizes that B Corps are paving the road for a growing number of impact investors, while the Guardian summarizes how B Corps are inspiring a global movement.
- Congrats to new B Corps: the first B Corp dairy cooperative, Cabot Creamery, 3Degrees, one of the nation’s leading providers of renewable energy and carbon offsets, and Klean Kanteen have all joined the ranks of newly certified B Corps!
- East Bay B Corps triumph: Oakland-based clothing company Oaklandish and One Pacific Coast Bank join the ranks of Bay Area B Corps, and Berkeley B Corp Bison Brewery was recognized by East Bay Express as “Most Community-Minded” brewery.
- Two social entrepreneurs are traveling across the country to highlight businesses taking a different approach. In an interview with the two travelers, Phoenix-based B Corp, Sputnik Moment, says being a B Corp is a stamp of approval and helps formalize best practices.
- The annual B Corp Champions retreat for certified B Corps took place in Half Moon Bay recently. Little Pickle Press and Payton Communications both shared their thoughts about the retreat on their blogs.
Finally, watch B Lab co-founder Andrew Kassoy get recognized at Clinton Global Initiative!
What are your thoughts on the latest B Corp news?