Benefit Corporation

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Benefit Corporation

A corporation in which the members of board of directors have the statutory duty to provide some tangible benefit to the community and/or the environment. In other words, a benefit corporation is not prohibited from earning and distributing profits, but is expected to do these other things as well. A benefit corporation is informally called a b-corp.
References in periodicals archive ?
gDiapers was the first consumer goods company to achieve Cradle-to-Cradle certification and has been a registered B-Corp since 2011.
8221; He is the President and CEO of Raffa, PC, a B-Corp certified, national top 100 accounting, consulting and technology firm and founder of Companies for Causes, a collective of socially-conscious CEOs whose mission is to solve the problems of their community using targeted philanthropy and “hands-on engagement from member CEOs.
So states began passing B-corp laws to protect a corporation's officers and directors from being sued when the company expanded its fiduciary duty to include social or environmental responsibilities.
Roshan is the first company in Afghanistan to achieve this prestigious B-Corp status and leads the way for other Afghan businesses to gain recognition for ethical business practices.
Founded in 2010, Cloud for Good is a certified B-Corp and a Salesforce Foundation Strategic Partner.
The company is a certified VMware service provider, SSAE 16 Type II and HIPAA compliant, as well as a Certified B-Corp and EPA Green Power Partner.
FFC is a certified B-Corp, committed to rigorous standards of social and environmental performance, accountability and transparency.
gDiapers was the first consumer goods company to achieve Cradle to Cradle certification and has been a registered B-Corp since 2011.
Founded in 2010, Cloud for Good, a certified B-Corp, works with nonprofit and educational organizations to create and implement strategic cloud technology tools and most notably Salesforce applications.
The agency's combined client roster will span an impressive and diverse number of CPG, retail, technology and food & beverage clients, such as: B-Corp, Coca-Cola (Fuse, vitaminwater, Gold Peak Tea), Jerry Seinfeld, North American Breweries (Labatt, Seagram's), Nintendo, Pirate's Booty, Remy Cointreau, Schwinn and Sweet'N Low/In the Raw (from Ammirati) and Clorox, CVS, HP, Kohl's, Nestle, P&G, Sherwin-Williams and Victoria's Secret (from Resource).
Martens recognized for founding Rally Software, the first Certified B-Corp in the nation to go public
Registered as a B-Corp since 2011, gDiapers was also the first Cradle-to-Cradle certified consumer goods company in the world.