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B is for Benefit

March 9, 2019

We've just read about the worst of the worst: Monsanto. Monsanto is huge and powerful; nevertheless, there are corporations that want you to know that their standing with workers, the community, and as stewards of the environment, matters to them.  They've come together to brand themselves as B corporations. The B stands for benefit, and for a better way of doing business.

What exactly makes a B corporation better? It must have a legally binding commitment to sustainability, and to treating workers fairly. Generally, this means their commitment is spelled out in their charter. B corporations must report on their social and environmental impacts every two years, thereby qualifying them for certification as a B corp (certification provided by non-profit B Lab). The ultimate goals of certified companies are lower levels of poverty and inequality, a healthier environment, stronger communities, and high-quality jobs that support human dignity. You will find a list of B corporations at bcorporation.net/ .

Who do you know of who has made the list? Patagonia. for one. Morton Solar, Truefaux Films, Hemper Handmade, SRI Quality System Registrar, Natural Development, Sinba, Enviro-Mark Solutions, Success Rehabilitation, Native Trails, Ciudad Luz, Lubanzi, Veja, and Letz Sushi. Where do you find these companies? All over the world. From Santiago, to Wellington, to Capetown, to Copenhagen to - yes, the United States. And London, and Paris, and Frankfurt, too. To find out more about this sampling of membership, and to see a B Corporation Directory, go to bcorporation.net/ .



With thanks to The Hightower Lowdown.

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