B Lab is a nonprofit organization dedicated to using the power of business to solve social and environmental problems.
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by Shreya Barot, American Sustainable Business Council The American democratic principles of “government of the people, by the people, for the people” are now being endangered by an overreaching Supreme Court ruling – Citizens United v. FEC. The Story of Citizens United, by the famous maker of The Story of Stuff, illustrates beautifully how the [...]
by Melinda Cheel, RSF Social Finance RSF is committed to transforming the way the world works with money. Transformation of our economic system is multifaceted and complex so we look to our values to inform our actions for creating such change. We value interdependence and believe that as transformation takes place, economic success will be [...]
B Lab has been busy this spring. New Jersey and Virginia passed Benefit Corporation legislation, the community grew to over 400 B Corporations, and B Lab has launched the public beta of GIIRS and Version 3.0 of the B Impact Assessment. With so much going on, it’s easy to lose track. Here’s an update [...]
An Interview with Michael Shuman, Research Director of Cutting Edge Capital Clearly, we support Benefit Corps, but it’s always helpful to get an objective view. We interview Michael Shuman to get an economist’s take on why Benefit Corporations matter. How will Benefit Corporations affect the market? It increases market efficiency. It is [...]
By Mal Warwick, One World Futbol Project Recently a spokesperson for the California Association of Nonprofits publicly expressed opposition to legislation recognizing the benefit corporation (such as the B Corporation) as a legal entity in my state—because he fears that at some point in the future B Corporations might seek tax breaks for investors and consequently [...]
by Shannon Downey, Pivotal Production There is a movement happening in the United States right now and Illinois is missing out. Until recently, there were two business models available when creating a business entity in Illinois, non-profit and for-profit. In August 2009, Gov. Pat Quinn signed a bill affording Illinois businesses a third option. The L3C model [...]
By David Chen, Equilibrium Capital Group, LLC In a recent blog post on Sustainable Business Oregon, Doug Morris asks an important question: How will investors respond to B Corps? I think there are a growing number of investment firms, both boutique and global, that are asking this question. A major institutional financial service institution has [...]
Our current economic and financial systems sanction obscene excesses at the expense of society. It’s easy and therapeutic to rant. It’s more helpful, but more challenging, to propose viable alternatives. In my last three blogs, I reviewed Hazel Henderson’s, Michael Moore’s, and David Korten’s thoughtful proposals on how to repair our economic and financial systems. [...]
B Corporations, Benefit Corporations, B Lab…It’s hard to keep it all straight. Here’s the rundown: Certified B Corporation: a new type of corporation which uses the power of business to solve social and environmental problems. B Corps meet rigorous, independent social and environmental performance standards and are working to build a new sector of the [...]
MD State Senator Jamie Raskin recently wrote an insightful blog post concerning the importance of passing Benefit Corporation legislation. Jamie Raskin represents Silver Spring and Takoma Park, MD. He introduced SB 690, which became, in April 2010, the first Benefit Corporation law in America. In his post, he states, “There is a structural cause for [...]
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