The purpose of a business consists of setting a concrete goal that has a social, ethical, or cultural meaning for society in general, that goes beyond financial performance. A purpose should distinguish a business in a recognizable manner, express important meanings for society, be measurable (at least potentially), and be shareable also by non-primary stakeholders. B Corps and Benefit Companies, are businesses that attempt to combine financial success with the protection of the environment or all of their stakeholders. Born in the United States, these companies are also spreading widely in Italy and France. The choice to become a B Corp and/or Benefit Company offers various advantages: flexibility for managers, the freedom to pursue only the sustainability goals declared in the By-laws, and the improvement of reputation.
Why and how to be a B corp or benefit corporation
Misani, Nicola
2021
Abstract
The purpose of a business consists of setting a concrete goal that has a social, ethical, or cultural meaning for society in general, that goes beyond financial performance. A purpose should distinguish a business in a recognizable manner, express important meanings for society, be measurable (at least potentially), and be shareable also by non-primary stakeholders. B Corps and Benefit Companies, are businesses that attempt to combine financial success with the protection of the environment or all of their stakeholders. Born in the United States, these companies are also spreading widely in Italy and France. The choice to become a B Corp and/or Benefit Company offers various advantages: flexibility for managers, the freedom to pursue only the sustainability goals declared in the By-laws, and the improvement of reputation.File | Dimensione | Formato | |
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2021 Misani - Why and How to Be a B Corp or Benefit Corporation.pdf
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