B Corporation in Chicago
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From
BCorporation.net:
What are B Corporations?
B
Corporations are a new type of corporation which uses the power of business to
solve social and environmental problems.
B Corporations are unlike traditional responsible businesses because
they:
* Meet comprehensive and transparent social
and environmental performance standards.
*
Institutionalize stakeholder interests.
* Build collective voice through the power
of a unifying brand.
Why B Corps Matter
B
Corporations address two critical problems which hinder the creation of social
and environmental impact through business:
* The existence of shareholder primacy
which makes it difficult for corporations to take employee, community, and
environmental interests into consideration when making decisions; and
* The absence of transparent standards
which makes it difficult for all of us to tell the difference between a 'good
company' and just good marketing.
B
Corporations' legal structure expands corporate accountability and enables them
to scale and achieve liquidity while maintaining mission. B Corporations'
transparent and comprehensive performance standards enable consumers to support
businesses that align with their values, investors to drive capital to higher
impact investments, and governments and multinational corporations to implement
sustainable procurement policies.
Our vision is
simple yet ambitious: to create a new sector of the economy which uses the
power of business to solve social and environmental problems. This sector will
be comprised of a new type of corporation - the B Corporation. B Corporations
will be legally recognized by the states, tax preferred by the IRS, and valued
by investors and consumers. In a generation, this marketplace of B Corporations
will reach 5-7% of US GDP -- the size of the non-profit sector today.
As a result,
individuals and communities will have greater economic opportunity, society
will have moved closer to achieving a positive environmental footprint, more
people will be employed in great places to work, and we will have built more
local living economies in the US and across the world.